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WKB Legal Alert | Shield 4.0 – Simplified restructuring proceedings
Simplified restructuring proceedings will be available until30 June 2021. The legislature’s intent was to enable debtors to undertake negotiations with their creditors without the need for the courts to formally open proceedings, while simultaneously protecting them from enforcement by their creditors.
WKB Legal Alert |The impact of the COVID-19 pandemic on the ongoing functioning of cooperatives, associations, foundations and other entities – update
Practical guidelines developed on the basis of the provisions of the Act on special arrangements for the prevention, countering and combating of COVID-19, other infectious diseases and crisis situations caused by them (the “Anti-Crisis Shield”), which entered into force on 31 March 2020, the Act on special support instruments in connection with the spread of the SARS-CoV-2 virus (the “Shield 1.1”), which entered into force on 18 April 2020, the Act amending certain laws concerning protection measures in connection with the spread of the SARS-CoV-2 virus (the “Shield 3.0”), which entered into force on 16 May 2020, and the Act on interest subsidies for bank loans granted to entrepreneurs affected by COVID-19 and on simplified proceedings for the approval of an arrangement in connection with COVID-19 (the “Shield 4.0”), which entered into force on 24 June 2020.
WKB Legal Alert | Impact of the COVID-19 pandemic on day-to-day operation of commercial companies
Practical tips taking into account the solutions presented in the Act on specific solutions related to the prevention, prevention and eradication of COVID-19, other infectious diseases and crisis situations caused by them (Anti-Crisis Shield), which entered into force on March 31, 2020, the Act on specific support instruments regarding the spread of the SARS-CoV-2 virus, which entered into force on April 18, 2020, the Act on amendments to certain laws concerning protection measures in connection with the spread of SARS-CoV-2 virus, which entered into force on May 16, 2020, and the Act on interest subsidies for bank loans granted to entrepreneurs affected by COVID-19 and on simplified proceedings for the approval of an arrangement in connection with COVID-19, which entered into force on June 24, 2020.
WKB Legal Alert_Shield 4.0 – major tax-related changes
Summary of the most important provisions of the Shield 4.0 in the field of tax law.
international
WKB Legal Alert | New law expanding foreign investment controls
Poland adopted a new law on foreign direct investment controls as part of the so-called “Anti-Crisis Shield 4.0”. The law expands the State’s control over M&A transactions in some strategic sectors of the economy.
international
WKB Legal ALert | Prevention of COVID19-related hostile takeovers
The Polish government is working on “Anti-Crisis Shield 4.0”. The proposed law includes, among others, provisions significantly expanding the State’s control over M&A transactions in some strategic sectors of the economy.
Business during a pandemic | Expert analyses on selected provisions of the Anti-Crisis Shield Act – update
WKB's lawyers have analysed the most important provisions of the Anti-Crisis Shield Act in Poland. The Anti-Crisis Shield is a special law which implements a range of various solutions aimed at combatting the epidemic crisis, amending or supplementing many other acts and regulations, which will affect many areas of companies’ business activities. In connection with the adoption of amendments to the Anti-Crisis Shield framework (15 May 2020), we provide you with expanded and verified materials regarding various areas, including a set of analyses on the law as of 21 May 2020.
WKB Legal Alert | The Anti-Crisis Shield 3.0 and court proceedings
Due to the coronavirus pandemic, the parliament has undertaken legislative work on new regulations regarding court proceedings. We present the most important of them.
international
WKB Legal Alert | Shield 4.0 – Simplified restructuring proceedings
Simplified restructuring proceedings will be available until30 June 2021. The legislature’s intent was to enable debtors to undertake negotiations with their creditors without the need for the courts to formally open proceedings, while simultaneously protecting them from enforcement by their creditors.
WKB Legal Alert |The impact of the COVID-19 pandemic on the ongoing functioning of cooperatives, associations, foundations and other entities – update
Practical guidelines developed on the basis of the provisions of the Act on special arrangements for the prevention, countering and combating of COVID-19, other infectious diseases and crisis situations caused by them (the “Anti-Crisis Shield”), which entered into force on 31 March 2020, the Act on special support instruments in connection with the spread of the SARS-CoV-2 virus (the “Shield 1.1”), which entered into force on 18 April 2020, the Act amending certain laws concerning protection measures in connection with the spread of the SARS-CoV-2 virus (the “Shield 3.0”), which entered into force on 16 May 2020, and the Act on interest subsidies for bank loans granted to entrepreneurs affected by COVID-19 and on simplified proceedings for the approval of an arrangement in connection with COVID-19 (the “Shield 4.0”), which entered into force on 24 June 2020.
WKB Legal Alert | Impact of the COVID-19 pandemic on day-to-day operation of commercial companies
Practical tips taking into account the solutions presented in the Act on specific solutions related to the prevention, prevention and eradication of COVID-19, other infectious diseases and crisis situations caused by them (Anti-Crisis Shield), which entered into force on March 31, 2020, the Act on specific support instruments regarding the spread of the SARS-CoV-2 virus, which entered into force on April 18, 2020, the Act on amendments to certain laws concerning protection measures in connection with the spread of SARS-CoV-2 virus, which entered into force on May 16, 2020, and the Act on interest subsidies for bank loans granted to entrepreneurs affected by COVID-19 and on simplified proceedings for the approval of an arrangement in connection with COVID-19, which entered into force on June 24, 2020.
WKB Legal Alert_Shield 4.0 – major tax-related changes
Summary of the most important provisions of the Shield 4.0 in the field of tax law.
international
WKB Legal Alert | New law expanding foreign investment controls
Poland adopted a new law on foreign direct investment controls as part of the so-called “Anti-Crisis Shield 4.0”. The law expands the State’s control over M&A transactions in some strategic sectors of the economy.
international
AKTIONÄRREGISTER – AM 16. MAI 2020 WURDEN WESENTLICHE TERMINE FÜR DIE EINFÜHRUNG VON AKTIONÄRREGISTER GEÄNDERT
Am 1. Januar 2020 sind Gesetzesänderungen zur Einführung von Aktionärregister für nicht börsennotierte Aktiengesellschaften und Kommanditgesellschaften auf Aktien teilweise in Kraft getreten. Das Aktionärregister ist ein der polnischen Rechtsordnung bisher unbekanntes Rechtsinstitut, mit dem Aktien der vorgenannten Gesellschaften verpflichtend entmaterialisiert werden. Das Ziel ist, den Handel mit Aktien nicht börsennotierter Gesellschaften sicherer zu machen und die Identifizierung aller Aktionäre zu ermöglichen.
international
WKB Legal ALert | Prevention of COVID19-related hostile takeovers
The Polish government is working on “Anti-Crisis Shield 4.0”. The proposed law includes, among others, provisions significantly expanding the State’s control over M&A transactions in some strategic sectors of the economy.
WKB Legal Alert | Further amendments to the act on counteracting money laundering and terrorism finansing
According to information published on the Government Legislation Centre’s website, the Ministry of Finance has prepared a draft bill of an Act to amend the Act of 1 March 2018 on Counteracting Money Laundering and Terrorist Financing (the "Act"). The proposed amendments are primarily aimed at implementing the provisions of Directive 2018/843 of the European Parliament and of the Council (EU) of 30 May 2018 (the so-called 5th AML Directive).
WKB Legal Alert | Impact of the COVID-19 epidemic on the credit sector – Shield 4.0
In connection with the coronavirus pandemic, the legislature has introduced a number of new regulations concerning loan market. We note the most important of them.
WKB Legal Alert | Shield 4.0 – employment law
Shield 4.0 was published in the Journal of Laws and the majority of its provisions came into force on 24 June 2020. In the legal alert, we present the most important solutions for employers introduced by this new special law.
international
Jarosław Kola among the co-authors of the publication “Public Procurement Regulation in Africa: Development in Uncertain Times”
In June 2020, Lexis Nexis (South Africa) published the publication titled "Public Procurement Regulation in Africa: Development in Uncertain Times", with contributions from an international team of academics specialising in public procurement law and edited by Prof. Geo Quinot and Prof. Sope Williams-Elegbe from Stellenbosch University in Cape Town.
international
WKB advised Orbico d.o.o. and Distribev Orbico sp. z o.o. in the sale of shares to United Beverages S.A.
WKB advised Orbico d.o.o. and Distribev Orbico sp. z o.o. in the sale of 80% of shares in the share capital of Distribev Orbico sp. z o.o. to United Beverages S.A. WKB lawyers advised Orbico d.o.o., the largest distributor in Europe, providing them with comprehensive legal support during the entire transaction, in particular during negotiations concerning the terms and transaction documents.
WKB Legal Alert | Anti-Crisis Shield 4.0 – real estate
On 24 June 2020, a number of provisions of the Act of 19 June 2020 on subsidies to interest rates on bank loans granted to entrepreneurs affected by COVID-19 and on simplified procedures for the approval of an arrangement in connection with COVID-19 (“Shield 4.0”) entered into force. This Act introduces amendments to other acts. Below, we present the most important changes regarding real estate matters resulting from Shield 4.0 and its implementation:
WKB Legal Alert | What do lenders who offer credit holidays have to watch out for?
One of the solutions introduced by the Anti-Crisis Shield 4.0 is a, so-called, statutory credit holidays. Under these new provisions, credit institutions, in particular banks, are required to suspend the repayment of liabilities incurred by borrowers who have lost liquidity due to the coronavirus pandemic. Implementing these new solutions will undoubtedly be a challenge for lenders. When granting credit holidays, financial institutions need to ensure that the assistance reaches the right people, but also to provide consumers with reliable, truthful and complete information throughout the process. Failure to comply with these obligations may, in general, result in the initiation of proceedings regarding the infringement of consumer collective interests.
WKB Legal Alert | New powers granted to the President of the OCCP – access to information on taxpayers
Another "Anti-Crisis Shield" has come into force, extending the powers of the President of the Office of Competition and Consumer Protection (Urząd Ochrony Konkurencji i Konsumentów; UOKiK; “OCCP”) regarding access to data held by tax offices and customs and tax offices. The details are presented in this legal alert.
international
WKB Legal Alert | Shield 4.0 – Simplified restructuring proceedings
Simplified restructuring proceedings will be available until30 June 2021. The legislature’s intent was to enable debtors to undertake negotiations with their creditors without the need for the courts to formally open proceedings, while simultaneously protecting them from enforcement by their creditors.
Aleksander Stawicki, Bartosz Turno, PhD and Wojciech Kulczyk co-author the latest issue of Getting The Deal Through. Merger Control 2020
A new issue of Getting The Deal Through. Merger Control 2020 is now out. The authors of a chapter on Polish jurisdiction are WKB competition law experts, who have been regular contributors to this publication since 2012.
international
WKB lawyers outline corporate governance rules in Poland
Andrzej Wierciński, Anna Wojciechowska and Anna Wyrzykowska have co-authored the chapter on Polish regulations regarding corporate governance in ”The Corporate Governance Review 2019”. The publication is available for download.
Commentary to the Environmental Protection Act available now
Aleksander Stawicki, Bartosz Turno, PhD and Wojciech Kulczyk co-author the latest issue of Getting The Deal Through. Merger Control 2019
The new issue of Getting The Deal Through. Merger Control 2019 co-authored by WKB competition law experts, Aleksander Stawicki, Bartosz Turno, PhD and Wojciech Kulczyk is now available on the market.
international
International Comparative Legal Guide to: Fintech 2018
Lawyers from Banking & Finance and Intellectual Property & TMT teams of WKB have contributed to the second edition of the International Comparative Legal Guide to: Fintech 2018 – an international compendium of fintech law.
international
The Corporate Governance Review 2018
Andrzej Wierciński, Anna Wojciechowska and Anna Wyrzykowska have co-authored the chapter on Polish regulations regarding corporate governance in ”The Corporate Governance Review”.