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Maintaining and storing Polish company accounts outside Poland
Under recently amended provisions of the Polish Accountancy Act, authorised entities outside Poland may maintain and store accounts of Polish companies—but only in compliance with Polish accounting requirements.
Permit from the president of URPL, not the Minister of Health
A change in the body responsible for issuing marketing authorisation for drugs should cut the time required to obtain approval in Poland.
Dispute resolution under FIDIC contracts
One of the reasons that FIDIC terms are so popular for construction contracts is the well-developed set of dispute resolution procedures.
New Private International Law
The new Private International Law went into force in Poland on 16 May 2011, replacing the old law from 1965.
New Greenhouse Gas Emissions Allowance Trading Scheme Act
The Polish Parliament has adopted a new act governing the functioning of the scheme for trading in greenhouse gas emissions allowances.
How long before generic drugs can be marketed?
Generics are substitutes for an original drug. May they be marketed as soon as the 10-year regulatory protection period for the original (innovative) drug ends?
What may a fund do as a shareholder of a public company?
Statutory restrictions on participation of open investment funds in joint-stock companies should be interpreted narrowly. Restrictions on voting rights do not limit the exercise of other share rights.
Will businesses flee Poland?
The European Commission wants to cut greenhouse gas emissions by up to 95% by 2050. What effect could that have on the Polish economy, in which about 90% of electricity comes from high-emission sources?
A preparation is now a mixture
The Act on Chemical Substances and Mixtures (Dz.U. 2011 No. 63 item 322), adopted by the Polish Parliament in February, went into effect on 8 April 2011. There are numerous changes, but they are not revolutionary.
Company must be notified of acquisition of shares
The transaction of acquiring shares in a limited-liability company typically ends upon signing of the share sale agreement, but the acquirer’s duties do not end there.
