Michał Górecki
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‘These are the end times…’: new legislation to counter the effects of COVID-19
On 2 March 2020, the Sejm adopted the Act on Special Measures to Prevent, Counter and Combat COVID-19, Other Infectious Diseases and the Crises They Cause (Journal of Laws 2020, item 374), the ‘COVID-19 Response Act’. Due to…
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What is the taxpayer whitelist?
VAT whitelist: what to check before a transfer, how the PLN 15,000 threshold works and when a ZAW-NR notification is needed.
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Changes to leasing and use of company passenger cars from 1 January 2019
The Act of 23 October 2018 amending the Personal Income Tax Act, the Corporate Income Tax Act and certain other Acts was passed by the Sejm on 23 October and approved without amendments by the Senate on 26 October…
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Changes to the Act on Combating Unfair Competition
On 11 May this year, a bill amending the Act on Combating Unfair Competition and certain other Acts was submitted to the Sejm. It implements the EU Directive on protection of undisclosed know-how and certain business information in Polish law.
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Limitation: changes for new and existing claims
New rules on limitation of claims of a proprietary nature have applied since 9 July 2018. The main change is shorter limitation periods. Consumers and businesses are also treated differently.
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Interview with attorney-at-law Michał Górecki (Generacja Smart)
‘These are personal tragedies. Someone devotes years of their life, works incredibly hard, and then loses control over the company’s future. People do not usually talk openly about such things,’ says Michał Górecki, a Polish attorney-at-law specialising in…
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Liquidation preferences: how are investment proceeds shared?
Liquidation preferences change the allocation of proceeds between investors and other shareholders. We examine their economics, including a capped participating preference example.
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Confidentiality in negotiations: when is an NDA needed?
A non-disclosure agreement (NDA) is one of the most common ways to protect information exchanged in business relationships against disclosure. But is entering into one always the best option for a business? What other methods of protecting information does…
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Tracking stocks: participating in the performance of a specific business segment
A shareholder’s fundamental rights include sharing in the company’s profits, usually through dividends. Dividend policies differ widely between companies for strategic or tax reasons. Dividend entitlements can, however, be much…
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Why does a VC fund refuse financing?
A refusal to fund a project does not necessarily mean it is weak. The fund’s strategy, the company’s stage of development and its potential for growth all matter.