Articles

  • Important changes in the rules of transferring personal data abroad.

    2020-08-03
    The TSUE ruled on 16 July 2020 in the Schrems II case (C-311/18), indicating significant legal risks for the transfer of personal data to the USA and other third countries (countries outside the EEA). The TSUE judgment means in practice that transfers of personal data from the European Union to the US under the Privacy Shield have become illegal overnight.
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  • Obligation to update information reported to the CRBR within 7 days of the change

    2020-08-03
    The original deadline for filing with the Central Register of Real Beneficiaries expired on 17 July 2020. We point out that in the event of a change in the information submitted to the CRBR, companies are required to update the information submitted to the register, within 7 days of the change. The deadline is very short. Therefore, in the case of changes to, among others, the board of directors or ownership structure of a company, it should always be considered whether such a change affects the timeliness of information in the CRBR.
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  • 13 July 2020 is a deadline for reporting information to the CRBR

    2020-07-08
    On 13 July, the deadline for submitting information on beneficial owners to the Central Register of Real Beneficiaries expires. The obligation applies to companies which were entered into the National Court Register before 13 October 2019. Entities registered in the National Court Register after 13 October 2019, to the CRBR must register no later than seven days after the date of registration in the KRS.
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  • President signed the anti-crisis shield 4.0

    2020-06-24
    President signed an amendment to the anti-crisis shield, modifying it to the so-called 4.0 shield. This is another version of a legal act introducing specific changes to individual laws, which is to translate into the development of mechanisms facilitating the functioning of individual groups in the situation of social and economic changes caused by the covid-19 epidemic.
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  • Restructuring in a new formula

    2020-06-24
    Tarcza 4.0 wprowadza model tzw. szybkiej restrukturyzacji, dla której konieczne będzie jedynie zawarcie umowy z doradcą restrukturyzacyjnym oraz ujawnienie w Monitorze Sądowym i Gospodarczym faktu otwarcia postępowania o zatwierdzenie układu.
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  • PARP launches grants for working capital for medium-sized entrepreneurs

    2020-06-15
    As of today (15 June), it is possible for medium-sized enterprises to apply for non-refundable funding under the so-called working capital grants, which are awarded by the Polish Agency for Enterprise Development.
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