When buying bearer shares, be sure to check the validity of the share certificate
Before buying bearer shares, it is important to check the validity of the share certificate. Under Commercial Companies Code Art. 328, a share certificate lacking the necessary data, the company seal, or the signature of the management board is invalid.
The scope and legal nature of information in the National Court Register
A few comments on how transcripts from Poland’s commercial register are used in commercial practice
Seller's representations and warranties
The significance of representations and warranties by the seller in transactions involving the sale of shares
Knowledge of contamination may result in liability
The owner of real estate that was contaminated by a third party may be required to take remedial measures along with the polluter even though the owner did not cause the harm, but knew about it.
Can a company defend against a hostile takeover?
When reports become public of plans for a hostile takeover of an exchange-listed company, the question arises whether the company may take any measures to oppose the takeover.
Online registration of a limited-liability company: selected aspects
An amendment to Poland’s Commercial Companies Code that went into effect on 1 January 2012 enables quick registration of a limited-liability company via internet. The “S24” procedure, as it is known, allows a company to be registered within 24 hours.
Reduced costs for company registrations
There has been a noticeable trend recently toward lowering various administrative burdens on businesses in Poland—as witnessed, for example, by the recent changes in the costs of company registrations.
Appointment of a convicted criminal to a corporate board
Not everyone is qualified to serve on a corporate board. But what happens if a board member is appointed who is not qualified to serve?
Does automatic transfer of emissions permits to the acquirer of a plant make sense?
A proposal to amend Poland’s Environmental Protection Law would eliminate the need to transfer permits by providing for automatic passage of rights and obligations under environmental permits to the acquirer of an installation.
Practical consequences of the choice of language in a contract
Wybór języka, w którym sporządzana jest umowa między podmiotami posługującymi się różnymi językami, ma niezwykle istotne znaczenie. Determinuje on bowiem wykładnię zawartych w umowie oświadczeń woli stron.
Crisis or no Crisis? The Outlook for Poland in 2012 and its Insolvency Market
An article by Michał Barłowski, a senior partner at Wardyński & Partners who heads the Bankruptcy and Restructuring Practice Group, first published in the Q1 2012 issue of INSOL World.
Competition aspects of access to confidential information in M&A transactions
Anytime competitors share confidential information it may attract the attention of competition authorities. This holds true when information is exchanged in connection with M&A activity.
