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Family foundation: A solution for succession?
It is no secret that Polish family-owned businesses struggle with the issue of succession. This has prompted the parliament to introduce a new institution, the family foundation. It is intended to allow for multi-generational succession and protect against the fragmentation of assets, while securing the means to support family members and others close to the founder.
News from Poland—Business & Law, Episode 11: binding instructions in holding law
corporate, News from Poland
Aleksandra Drożdż explains the liability for binding instructions that the parent company will be able to issue to its subsidiaries under the proposed provisions of the holding law.
Liability for binding instructions in the proposed holding law
According to the government bill to amend the Commercial Companies Code, a parent company could issue binding instructions to a subsidiary if justified by the interest of the corporate group and not barred by specific regulations. The new powers of a parent company are balanced by provisions regulating its liability for injury caused in connection with issuing binding instructions.
What does your car know about you?
automotive, data protection, new technologies
In recent days, it was widely reported in the media that a well-known manufacturer began testing a system allowing for display of personalised ads in cars. But attentive drivers are not surprised. It is no secret that a modern car is a computer on four wheels, as it processes large amounts of data to ensure safety, transport efficiency, and access to navigation and infotainment services.
Increased activity of the Polish data protection authority
Last year ended with a series of fines imposed by the President of the Personal Data Protection Office. They show the importance of taking take care of data security—and how costly it can be if you don’t.