Noticias de los Socios

On 5 August 2020 the Government Legislation Centre published online detailed assumptions of the government’s draft amendments to the CCC (“Project”). 

The Project, in response to the repeated calls of practitioners, aims to introduce a number of changes to Polish law, including in particular the so-called holding law, regulating the private and legal relations of a parent company and its subsidiaries, creating a category of “group interest” and responding to the lack of factual holding institution in the existing legal regulations. The Project introduces also other significant changes, e.g. in the specification of the rights and obligations of company supervisory boards, aimed at increasing their competences, as well as unification of certain doctrinal and practical differences.

The dominant objective of the regulations contained in the Project is to increase the effectiveness and availability of mechanisms to ensure effective ownership supervision over capital companies, as well as to improve the coordination of the operation of those companies operating within the group of companies, and as a result the possibility to increase revenues or optimize costs.

Read more: https://www.kochanski.pl/en/governmental-draft-amendments-to-the-commercial-companies-code-ccc/