Remote work to stay for good in Poland

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The Polish Parliament works in December 2022 on an amendment to the Labour Code which introduces permanent and detailed regulations on remote work.

According to them, remote work may be performed in whole or in part at the fixed place indicated by the employee and agreed with the employer.

The amendment is likely to enter into force in the first quarter of 2023. #PolishLegalTips #Employment #Labour #Law #LabourCode #Remote #Work #remotework #Regulations #Poland #WisniewskiLegal

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Entry into force of corporate resolutions of commercial companies

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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 a certain date (e.g. on the 1st day of the month) and the resolution itself is adopted earlier.

#PolishLegalTips #Corporate #Law #Companies #Limited #Liability #Company #Management #Board #Shareholders’ #Meeting #Resolution #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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