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Will newly listed companies on the Warsaw Stock Exchange benefit from new tax regulations?
The Polish Deal introduces several solutions for Polish capital market participants, including corporate income tax changes for companies preparing to debut on the stock exchange. This amendment came into force on 1 January 2022.
Will newly listed companies on the Warsaw Stock Exchange benefit from new tax regulations?
Data Governance Act: A step closer to easier sharing of data
On 30 November 2021, the Council of the European Union and the European Parliament reached a provisional agreement on the final wording of a draft Data Governance Act (DGA) (COM/2020/767 final). The aim of the proposal is to promote the availability of data and to build a trustworthy environment facilitating the use of data (both person and non-personal) for research and creation of innovative new products and services. It is also intended to create a legal framework for easier sharing of data and mechanisms facilitating re-use of certain data held by the public sector, including data involving health, agriculture and the environment.
Data Governance Act: A step closer to easier sharing of data
Proposed new rules on international shipments of waste
In November, the European Commission adopted three legislative initiatives seeking to implement the aims of the European Green Deal. They include a proposal for a new regulation on shipments of waste.
Proposed new rules on international shipments of waste
Tales from the National Appeal Chamber: Key part of the contract—a contractor may challenge the obligation to perform works personally
Requiring personal performance of key tasks is one of the guarantees of proper contract performance. However, contracting authorities must remember that this institution cannot be abused and treated mechanically, without taking into account the specifics of the given procurement. Therefore, contractors may challenge the terms of reference if they believe that the requirements are too stringent and limit their ability to participate in performance of the contract. Such challenges can be effective, as demonstrated by the ruling by the National Appeal Chamber of 13 October 2021 (KIO 2733/21).
Tales from the National Appeal Chamber: Key part of the contract—a contractor may challenge the obligation to perform works personally
Legal aspects of fighting cybercrime appearing in the form of ransomware and data hacks
While business email compromise frauds might be on the decline, businesses are increasingly impacted by ransomware and data hacks. Just in the past few months, the press have reported on a number of large-scale ransomware attacks targeting both private and public entities. The impact of the attacks is always huge: disrupted operations, leaks of trade secrets and personal data, losses to reputation.
Legal aspects of fighting cybercrime appearing in the form of ransomware and data hacks
Legal aspects of fighting cybercrime appearing in the form of business email compromise
Business email compromise, or BEC is a type of cyber-facilitated fraud where fraudsters compromise IT networks, intercept business communications, and by using different manipulation techniques, trick employees into making wire transfers to fraudulent bank accounts. The fraud itself is not a new creature. It is an old trick, merely conducted with the use of modern technologies.
Legal aspects of fighting cybercrime appearing in the form of business email compromise
Proposed changes in labour law relating to remote work
A hot topic recently is the proposed changes in labour law relating to remote work. In fact, so far “remote work” has not been generally regulated in Polish law.  After the outbreak of the pandemic, remote work was regulated separately in the special COVID-19 Act. According to this act, to combat COVID-19, the employer may instruct an employee to perform remote work.
Proposed changes in labour law relating to remote work
Private rented sector (PRS) in Poland
The private rented sector in Poland is on the radar of foreign institutional investors.  Investments in residential rental properties are in vogue in Western Europe. Despite the global crisis caused by COVID-19, investors actively seek opportunities in friendly foreign markets, including Poland. The Polish market is considered promising, even though historically in Poland there has been a tradition of owning rather than renting.
Private rented sector (PRS) in Poland
Changes in Polish public procurement law
Public procurement is the process by which public authorities – government departments or local authorities – purchase work, goods or services from companies in the market. Recent changes to the public procurement law brought many improvements.
Changes in Polish public procurement law
Simplified restructuring proceeding
So-called simplified restructuring proceeding has been introduced into Polish law in June 2020. It is quite quick, deformalized and highly beneficial to firms facing bankruptcy. It provides protection against creditor enforcement and termination of contracts, as well as an opportunity to reduce debt (if agreed to by creditors).
Simplified restructuring proceeding