WKB Legal Alert | New edition of the best practice for GPW listed companies. Evolution or revolution?
The Best Practice for GPW Listed Companies is the code of corporate governance rules which all companies listed on the Warsaw Stock Exchange (Giełda Papierów Wartościowych w Warszawie; the “Exchange”) Main Market are subject to since 2002 (as soft law). The current edition of the Best Practice, adopted in 2016, was replaced by the Exchange Supervisory Board in its Resolution No. 13/1834/2021 of 29 March 2021, by a new edition (i.e. the Best Practice for GPW Listed Companies 2021) which came into force on 1 July 2021.
Die Novelle des Gesetzes vom 1. März 2018 zur Bekämpfung von Geldwäsche und Terrorismusfinanzierung, mit der die Regelungen der sog. 5. Geldwäsche-Richtlinie (des Europäischen Parlaments und des Rates (EU) 2018/843 vom 30. Mai 2018) in die polnische Rechtsordnung umgesetzt werden, tritt in Kraft.
WKB Legal Alert | Amendments to the Act on Counteracting Money Laundering and the Financing of Terrorism – the eight key changes
New amendments to the Act of 1 March 2018 on Counteracting Money Laundering and the Financing of Terrorism, which transpose the provisions of the so-called 5th AML Directive (Directive (EU) 2018/843 of the European Parliament and of the Council of 30 May 2018) into Polish law, will be coming into effect.
WKB Legal Alert | Cyber – compliance in the shadow of pandemic. A cyberfraud case study
Running a business in the pandemic era, including switching to remote working, has opened multiple doors for cyberattacks. Cybercriminals become more skilful in using new technologies and social engineering to their advantage. A cyberattack may cause severe losses, including financial ones, for the company. To minimise potential losses, cybersecurity guidelines adopted by organisations should be given a closer examination.
WKB Legal Alert | New insurance obligations, rules for the participation of minors and penalty regulations – overview of the most important changes in respect of running medical experiments
As of 1 January 2021, changes in the regulations regarding medical experiments, introduced in amendments to the Medical Profession Act, will come into force. The amendments in question will not affect any medical experiments with respect to which a bioethics committee has already issued or will issue an opinion before 1 January 2021. Therefore, the changes discussed in more detail further will not apply to any proceedings for the submission of an opinion on a proposed medical experiment which is initiated and not completed before the above date.
WKB Legal Alert | CIT – update and commercial law significant changes in the taxation of partnerships starting on 1 January 2021
On 30 November 2020, the laws on corporate income tax (CIT) were published in the Polish Journal of Laws, introducing changes in the tax rules applicable to partnerships. As of 1 January 2021, limited partnerships will become CIT payers
WKB LEGAL ALERT | Amendment to the building law – crucial changes
The amendment to the Building law adopted by the Parliament by the act of 13 February 2020 was signed by the President of the Republic of Poland on 3 March 2020 and came into force on 19 September 2020 after a six-month vacatio legis period. The most important modifications introduced by the amendment are described in the legal alert.
WKB Legal Alert | CIT and Commercial Law – significant changes in the taxation of partnerships starting on 31 May 2021
On 30 September 2020, a draft act amending the laws on corporate income tax (CIT) was published, which will introduce changes in the tax rules applicable to partnerships. It is highly likely that limited partnerships will become CIT payers from the beginning of 2021. General partnerships may also be affected (i.e. they will become CIT payers) if they fail to meet the conditions specified in the new regulations.