M&A team of KPMG Law (D. Dobkowski sp.k.), advised the former shareholders of Enginiety sp. z o.o. at the transaction of sale of 100% shares in the company to the American investor, EPAM Systems – NYSE listed company being- a world-leading digital transformation services and product engineering company.
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Lending institution – proposed amendments to the legislation
For several months, the Government Legislative Centre has been working on a bill amending certain laws to counteract usury. At the end of December 2021, the Sejm was provided with the bill aimed at undertaking comprehensive and coordinated measures to eliminate the malpractice of granting loans of usurious nature (print number 1911).
Special arrangements for Ukrainian citizens
Until now, the legalization of stay and work on the territory of the Republic of Poland of citizens of Ukraine has been carried out on the basis of the rules applicable to the citizens of the states that are not the European Union members, and special arrangements applicable, among others, to the citizens of Ukraine.
The CCBE Presidency has elected Przemysław Kamil Rosiak, Attorney at Law, as Chair of the Permanent Delegation to the Court of Justice, the General Court and the EFTA Court. He has got nomination for this position by the Polish CCBE delegation
Mr. Rosiak has been elected for the customary term of two years, renewable for up to a further two years.
Changes in signing of financial statements
On 23 November 2021, the Act of 14 October 2021 amending the Accounting Act and certain other acts was published in the Journal of Laws (Dziennik Ustaw),
Upcoming changes in signing of financial statements
The Sejm was submitted a bill amending the Accounting Act and certain other acts, which, among others, provides for modification of provisions relating to the principles of signing of financial statements.
KPMG Global Legal Department Benchmarking Survey report
We are pleased to announce the results of KPMG Global Legal Department Benchmarking survey.
The fourth group of entities obliged to implement ECP has less than a month to conclude the ECPs management agreement with a financial institution
We would like to remind you that the entities in the 4th stage of ECP implementation have less than one month left to conclude the ECPs management agreement with a financial institution.
From 1 January 2021, the fourth group of entities has been obliged to implement employee capital plans
Entities which employ less than 20 employees (the so-called other employing entities) and public finance sector entities (regardless of the state of employment) since 1 January 2021, the Employee Capital Plans Act of 4 October 2018 (the “Employee Capital Plans Act”) applies also to them.
New rules on transfers of personal data to non-EEA countries
Based on the judgment of 16 July 2020 (Case C-311/18, hereinafter: the Judgment), the Court of Justice of the European Union (CJEU) invalidated the Privacy Shield framework, i.e. Commission Implementing Decision (EU)
Only one month left to conclude the ECPs management agreement with a financial institution
We would like to remind you that the entities in the 2nd and 3rd stage of ECP implementation must conclude the ECPs management agreement with a financial institution within the coming month.
Upcoming changes in posting of workers
In order to ensure compliance with the provisions of the Act of 10 June 2016 on Posting of Workers in the Framework of the Provision of Services with the Directive of the European Parliament and of the Council (EU) 2018/957
The deadline for reporting the beneficial owner expires today
Companies registered in the National Business Register before 13 October 2019 must register their beneficial owner with the Central Register of Beneficial Owner (the “CRBO”) today.
Five days left to register the beneficial owner with the CRBO
Companies registered in the National Business Register before 13 October 2019 have only five days to register their beneficial owner with the Central Register of Beneficial Owner (the “CRBO”).
From Wednesday, 1 July 2020, the third group of entities obliged to implement employee capital plans
Entities which employ at least 20 employees must remember that from today, 1 July 2020, the Employee Capital Plans Act of 4 October 2018 (the “Employee Capital Plans Act”) applies also to them.
Anti-Crisis Shield 4.0: vital changes in public procurement
The so-called “4.0 Shield” bill, which provides for, among other things, significant changes in the Public Procurement Law, was submitted to the Sejm.
New rules for operation of shopping centres
As announced by the Prime Minister on 29 April 2020, on 4 May 2020, retail and service premises were reopened in commercial facilities with an area of over 2,000 m2
Deadline for filing a petition in bankruptcy and the so-called Anti-Crisis Shield 2.0
Released was (for the time being – unofficially) a governmental bill amending the Act on Extraordinary Measures for Preventing, Counteracting and Combating COVID-19, other Infectious Diseases and Emergencies Caused by Them and Certain Other Acts (the so-called “Anti-Crisis Shield 2.0”).
AmCham Quarterly: Retail sector during the pandemic
Magdalena Bęza and Przemysław Kamil Rosiak write about how the government’s trade ban may impact relations between landlords and tenants in retail points.
Follow the link below to view the publication.
AmCham.pl Quarterly 2/2020, part 9
Anti-Crisis Shield 2.0 and the Labour Law
On 17 April 2020, the President of the Republic of Poland signed the Act on Special Support Instruments in Connection with the Spread of the SARS-CoV-2 virus (the so-called Anti-Crisis Shield 2.0).