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In the face of the climate crisis, the interest in sustainability issues is growing. This increasingly brings the issue of greenwashing to the fore. “Greenwashing” refers to creation of a false impression among the public regarding the supposedly green practices applied by a business or the environmental benefits of its goods and services. Typically greenwashing is used to raise the attractiveness of goods or services in the eyes of prospective buyers, and thus to increase sales and attract customers. But sometimes the spread of misleading ecological messages is simply due to ignorance.

The end of last year abounded in new regulations in Poland governing the electricity market. There was also a lot of talk about the need to amend questionable regulations. But the changes are so numerous it is hard to predict their ultimate impact on the market and specific market participants. This is particularly evident in the case of generators of power from renewable energy sources benefiting from the auction support system.

In this episode of News from Poland—Business & Law, Konrad Grotowski and Jakub Barański talk about taking the testimony of a foreigner (especially a member of a company’s management board) in a Polish civil court as a party to the proceedings.

Igor Hanas, an adwokat and partner at Wardyński & Partners who advises energy sector clients, will talk about changes in law affecting electricity prices, building nuclear power stations, and also onshore and offshore wind farms.

The newest episode of News from Poland—Business & Law focuses on Poland’s energy transition and especially offshore wind farms. Adrianna Ogonowska, attorney-at-law, who specialises in environmental protection issues associated with biodiversity and protection of the marine environment, will tell us about the legal aspects of such projects.
 

In November 2022, the leaves were falling from the trees to the rhythm of ESG. First, the European Parliament and then the Council of the European Union approved the draft Corporate Sustainability Reporting Directive. Then the European Financial Reporting Advisory Group submitted the first set of draft European Sustainability Reporting Standards to the European Commission.

Marta Kacprowska, attorney-at-law in Wardyński & Partners’ Private Clients practice, talks about inheritance of property left by deceased foreigners and how foreign heirs can inherit property in Poland.

An end to the mass discarding of packaging and waste. Instead, recycling, refillable packaging, a deposit on plastic bottles and limits on disposable bags. Such changes are proposed in a new draft regulation of the European Commission. The changes are to be implemented gradually.

The Polish government has announced that in place of WIBOR (the Warsaw Interbank Offered Rate) it will introduce a new benchmark index, promising lower values than WIBOR, which will reduce the loan repayment burden on borrowers. This new index, which will shortly be used also for calculating instalments on PLN loans taken out by businesses, will be described by Konrad Werner.

On the Polish energy market, the recent months will be remembered for many reasons. Historically high electricity and natural gas prices have forced changes to a number of established practices. During the crisis, several mechanisms have been created to mitigate its effects—primarily high utility prices. Among other things, a cap on the price of electricity sold to selected end users is being introduced. We now briefly examine whether the Act on Emergency Measures to Restrict Electricity Prices and Support Certain Consumers in 2023 is likely to live up to its name.