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M&A

Further amendments on financial statements
As of 1 October 2018, companies will no longer prepare paper financial statements. After more than six months of implementation of the new regulations, we can make an initial assessment of their application in practice.
Further amendments on financial statements
Succession managers: A new option for entrepreneurs
The proposed Act on Succession Management in Sole Proprietorships will offer new solutions for business owners. It is intended to allow the heirs to continue operating an individual business after the owner’s death.
Succession managers: A new option for entrepreneurs
Catch for newly appointed management board members?
A gap in legal provisions might mean criminal liability for management board members for not filing financial statements on time.
Catch for newly appointed management board members?
Broader applicability of obligation to state address for correspondence
Amendments to the National Court Register Act which came into force on 15 March 2018 make it compulsory to register addresses for correspondence of persons associated with Polish companies with the National Court Register.
Broader applicability of obligation to state address for correspondence
The Constitution for Business soon in force
Three repealed acts, 189 amended acts, and five new acts, one containing recitals, form the Constitution for Business—the comprehensive legislative package regulating business activity in Poland.
The Constitution for Business soon in force
A business that is a natural person can appoint a commercial proxy
On 30 April 2018 new laws take effect bringing to an end the long dispute over the types of businesses allowed to appoint commercial proxies. Ultimately, businesses that are natural persons will be able to appoint commercial proxies.
A business that is a natural person can appoint a commercial proxy
Regulated business activity in the Constitution for Business
From 30 April 2018 the main guidelines concerning regulated business activity can be found in the new Business Act. The number of regulatory provisions affecting business activity in Poland will not decrease, but they will be spread more widely across industry-specific regulations. There are also changes favourable to business.
Regulated business activity in the Constitution for Business
Changes to rules on participation of foreign undertakings in trade in Poland
A new law that comes into force on 30 April 2018 combines two acts regulating the operations of foreign businesses in Poland into one, and at the same time makes certain changes.
Changes to rules on participation of foreign undertakings in trade in Poland
Is a contract valid if the content does not correspond to a company’s scope of business?
The consequences of a transaction falling outside the scope of business specified in the articles of association.
Is a contract valid if the content does not correspond to a company’s scope of business?
The long and winding road to lawful distribution of dividends
The process leading up to payment of dividends by a company, although highly formalised, is familiar to the players and should not present great difficulties. But it nonetheless requires vigilance, because failure to comply with the statutory requirements can have serious consequences, particularly as it is easy to fall afoul of the changing regulations.
The long and winding road to lawful distribution of dividends
Basic business intelligence in Poland
Starting a new business or establishing relations with other businesses always carries with a certain degree of risk. Thus an extensive legal background check of a prospective business partner will usually be advisable. The question is what is the reasonable scope of such a check and what sort of information may be obtained from public sources.
Basic business intelligence in Poland
Liability for representations and warranties concerning the condition of the company in a corporate sale
Making false representations about the state of tax liabilities of a company being sold may make it necessary to cover the buyer’s losses, even years after the transaction.
Liability for representations and warranties concerning the condition of the company in a corporate sale