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...

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...

Contractual penalty in employment relations

In employment relations, the employer may not apply a contractual penalty to the employee. The Supreme Court has long ago stated that the Labor Code describes all cases of employee financial and compensation liability. Another thing – a non-competition agreement...

European Union and CHF borrowers

The topic of loans in Swiss francs returned again. More and more consumers are trying to question contracts signed years ago, citing illegal clauses contained in contracts. Bolder bring lawsuits against banks, and most importantly – some won. In 2016-2018, as...

Extra paid leaves

The Labor Code lays down minimum standards for the protection of employee, including 20 or 26-day paid annual leave. The employer may raise this standard and grant the employee extra paid leave days to be used. Such a situation may happen when an employee is very...