Mezzanine

The name of the financing comes from the French language – although it is already adopted in English and means a mezzanine, a place connecting two floors. Mezzanine is an instrument that combines the features of debt, i.e. credit or loan as well as equity...

The whistleblower directive comes into force

596/5000 In the Official Journal of the European Union of November 26 this year. Directive (EU) 2019/1937 of the European Parliament and of the Council of 23 October has been published. on the protection of persons reporting violations of Union law. The directive...

Witholding tax – it is all about holding

From the point of view of cross-border financial transactions, withholding tax on interest or royalties is an extremely important element of calculation. Theoretically speaking, the amount of this tax is obvious because it results from agreements to prevent double...

Dyrektywa o sygnalistach – wejście w życie

W Dzienniku Urzędowym Unii Europejskiej z dnia 26 listopada br.  opublikowana została dyrektywa Parlamentu Europejskiego i Rady (UE) 2019/1937 z dnia 23 października br. w sprawie ochrony osób zgłaszających naruszenia prawa Unii. Dyrektywa wchodzi w życie 20 dnia po...

Spanish cashiers

In the Lopez Ribald case being heard by the European Court of Human Rights, Spanish cashiers were stealing from a supermarket counter under the watchful eye of cameras. The court at first instance defended them because some of the cameras were secret and the cashiers...

Financial assistance as a fear of transactions

Even seemingly clever transactional lawyers can forget that the legal restriction known under the hypocritical name of financial assistance is still valid. It provides primarily for the management buyout transaction and applies only to joint-stock companies. Pursuant...

Restoration to work – patency

November 7 this year the provision of the Code of Civil Procedure enters into force – Art. 477 (2) under which the court will be able to restore an employee to work under an unlawful judgment. This change was announced earlier in connection with the planned...

Przywrócenie do pracy – udrożnienie

7 listopada br. wchodzi w życie przepis kodeksu postępowania cywilnego – art. 477(2) na mocy którego sąd będzie mógł przywrócić do pracy pracownika na mocy nieprawomocnego wyroku. Zmiana ta zapowiadana była już wcześniej w związku z planowanym wejściem w życie ustawy...

Payment gridlocks as a public thing

On January 1, 2020, a new version of the Act on payment periods in commercial transactions enters into force. Compared to the previous regulations in force since 2013, the main change consists in allowing direct intervention of the administrative body – the...

Register of UBOs

The date of entry into force of the Central Register of Real Beneficiaries coincided exactly with the date of elections to the Sejm and Senate. For this reason, there has been a serious suspicion that the government will have other things on its mind and that the...