Jacek Wiśniewski
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In case of adoption of resolutions by bodies of commercial companies, the resolution may provide for an effective date of the resolution later than the date of its adoption. This way of adopting resolutions can be helpful when the effect of the resolution, such as personal changes in the company’s bodies, should take place on […]
In Polish mergers and acquisitions (M&A) transactions it is common to use a material adverse change (MAC) clause. The MAC clause usually allows the purchaser to withdraw from the transaction in case of events that have a negative impact on the business, assets, or financials of a target entity. #PolishLegalTips #M&A #Transactions #Mergers #Acquisitions #MAC […]
Crowdfunding is regulated in Poland based on the Regulation on European crowdfunding service providers for business of 2020 (ECSP), and the local Act on crowdfunding for economic ventures and assistance to borrowers of 2022. New crowdfunding providers require a license, and the market is supervised by the Polish Financial Supervision Authority (KNF). #PolishLegalTips #Crowdfunding #Fintech […]
Based on recent amendments of the Polish Commercial Companies Code (KSH) resolutions of the management board (MB) of a limited liability company must be minuted in a specific way so the minutes include the agenda, the names and surnames of the members of the MB present, and the number of votes cast for relevant resolutions. […]
In Polish M&A transactions seller’s liability for representations and warranties included in the share purchase agreement (SPA) is usually based on a guarantee agreement legal concept. This way the parties to the transaction can set the rules and terms of liability freely and exclude statutory warranty for defects rules. #PolishLegalTips #M&A #Transactions #Mergers #Acquisitions #Corporate […]
From 4 March 2022 a helpline for Ukrainian refugees has been launched by the Warsaw Bar Association. It provides information on the most relevant procedures and rights of refugees in Poland. Lawyers involved in pro bono legal help for refugees are on the line each week from Monday to Friday from 13.00 to 17.00 hours, […]
Poland and its citizens stay firm supporting Ukraine and its people. Everyone we know, both personally and professionally, in Poland is now involved in helping Ukraine and its people. The Polish-Ukrainian border is crowded now both with refugees and Poles helping them with finding food, transport, and accommodation in Poland. We have never seen such […]