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Reverse vesting in Venture Capital transactions in Poland

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Polish law allows the use of reverse vesting clauses, involving the use of call options to repurchase shares from the founder in the event that he or she wishes to leave the company before the end of the agreed period.

The number of shares that can be repurchased in this way usually decreases over time.

#PolishLegalTips #Venture #Capital #VC #Reverse #Vesting #Clause #Shares #Call #Option #Founder #Investments #Investment #Agreement #Law #Poland #WisniewskiLegal

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MAC clause in Polish M&A transactions

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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 #Material #Adverse #Change #Clause #Corporate #Share #Purchase #Agreement #SPA #Law #Poland #WisniewskiLegal

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Seller’s Liability in Polish M&A Transactions #PolishLegalTips

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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 #Share #Purchase #Agreement #SPA #Representations #Warranties #Guarantee #Liability #Law #Poland #WisniewskiLegal

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Share Purchase Agreements (SPA) in Poland #PolishLegalTips

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