New draft bill implementing EU Restructuring Directive in Poland – still under consultation
On Friday 18th October Polish government published yet another draft of implementation of the Restructuring Directive (“Draft”).
Is Share Capital Reduction the Same as Share Buyback? A CEO’s Guide to Strategic Share Management
Reduction of share capital essentially means the reduction of issued, subscribed and paid-up capital of a company.
Abolition of Angel Tax in India: A Boost for the Startup Ecosystem
On July 23, 2024, the Finance Minister Nirmala Sitharaman through the introduction of the Finance Bill, 2024,[1] held that Section 56(2)(viib) of the Income Tax Act, 1961 (“Act”),
Instruction on The Procedure for Business Dissolution Permanently under Tax Laws
On 17 September 2024, the General Department of Taxation, under the Ministry of Economy and Finance, issued an instruction on the procedure for business dissolution permanently.
The Electronic Communications Law enters into force. What are the new obligations for electronic communication entrepreneurs?
On 9 August 2024 the Electronic Communications Law was published in the Journal of Laws [1].
Impact of forthcoming legal changes on the performance of creditworthiness assessments using artificial intelligence
On 12 July 2024, the Act on Artificial Intelligence (AI Act) was published in the Official Journal of the European Union, as the first EU regulation in this field.
The Warsaw Intellectual Property Court has resolved the issue of granting an injunctive relief in a recent high-profile dispute in Europe concerning the infringement and validity of patent EP1845961 for rivaroxabine
The patent claims cover rivaroxabine in the form of rapid-release tablets and only one feature regarding the use of this substance: once a day.
Polish Government announces tax changes to reduce use of family foundations for tax optimization
On 12 August 2024, the Government published information regarding a proposal for amendment to the Personal Income Tax Act,
New PKD codes from 1 January 2025
In September 2024, the Council of Ministers presented a legislative proposal to revise the Polish Classification of Activities (PKD),
Permission for the acquisition of real estate in Poland by foreigners
Buying a property is always quite a complex process, often requiring an adequate audit, raising funds, identifying tax obligations and participating in long-lasting negotiations.