EU’s Financial Transaction Tax is coming
On April 29th the European Court of Justice, EU’s highest judiciary has rejected the UK’s bid against what could eventually become an EU-wide tax Financial Transactions Tax (FTT). While we are highly unlikely to see such tax being raised particularly soon, one definitely can’t afford the complacency of not treating it as a genuine possibility of even underestimating the importance of such possibility. As it stands, the case of the European FTT has three dimensions: […] read more
Business&law news!
Adam Pasierbek & Mikołaj Firlej about Business&Law news! Can an economy double overnight? In this day and age an economy can effectively double in size without effort – except maybe from the employees of the statistical office. The case at hand is one of Nigeria, where the Gross Domestic Product soared from around $260 bn in 2013 (situated between Egypt and Hong Kong in global rankings) to around $500 bn– Africa’s largest, and globally in […] read more
Business&law news!
Adam Pasierbek & Mikołaj Firlej about Business&Law news! Is your bank using XP? – On April 8th, Microsoft is set to cease providing support for the Windows XP software. While this move may have little impact on the individual users, a more curious problem relates to the XP’s importance for the financial infrastructure. Most notably, around 95% of the ATMs in the World run an appropriated version of XP, which means that their operators will either […] read more
The Banking Union is at the Gates
Anyone with a general interest in European affairs must surely be aware that since the recent crisis the EU, like most major governments around the World, took keenly to regulating its financial system. Not everyone, though, is aware that its regulatory framework is taking shape just as those words are being typed. Let us start with a bit of history. In 2009 (which now feels like a decade ago), a group of experts under […] read more
It’s here! The draft of the new shale gas regulations in Poland has been finally announced.
The Ministry of Environment has published the draft of the amendments to the Geological and Mining Law in Poland and is now accepting comments and opinions. The public consultation period will run up to March 18th, and Business&Law editors will participate by providing their insights. The Government decided to amend the existing law. It did not decide – as it was announced before – to specifically regulate the shale gas industry in a separate new […] read more
Interested in buying or investing in real property in Poland? Follow us on Business&Law. Jędrzej Górski explains how the real estate market in Poland works.
LEGAL TITLE AND PROPERTY RIGHT REGISTRATION IN POLAND – Part 1 of 5 – General remarks – Under Polish law, ownership is the broadest title to real property, under which the owner of real estate is entitled to use an area of real estate for an unlimited period of time, exclusively, and may freely dispose of his right to the real estate. The ownership right may only be limited by (i) statutory law, (ii) principles of […] read more
KATOWICE SUMMIT 2012
On Wednesday, June 27, 2012, some 240 experts from global R&D companies, outsourcing professionals, current and potential investors and representatives of the Polish government gathered at the Polish Consulate General in New York City to learn about the booming BPO, ITO and KPO markets in Poland, during and after Katowice Summit 2012, a business conference focused on introducing investors to the Polish outsourcing potential. Among the guests, there were representatives of global corporations that […] read more
B&L at the UCL
B&L is happy to announce that following a speech at the Unconventional Oil & Gas Summit in Warsaw, Wojciech Bagiński was recently a panelist at an Energy Workshop organised by the University College of London titled “Shale Gas and Renewable Energy: Reducing Central and Eastern Europe’s Dependency on Natural Gas Imports”. Wojciech was speaking about the legal framework for shale gas operations in Poland. Please contact Wojciech at his private email: w.baginski.office@gmail.com, if you would like to […] read more
POLAND – A HUB FOR CHINESE EXPANSION IN EUROPE?
GENERAL OVERVIEW According to the World Bank’s data the People’s Republic of China (further “China” or “PRC”) is currently the second world’s largest economy (GDP ranking) with economic ambitions exceeding the Asian region. PRC already expands its influence in Africa and Latin America by concluding numerous trade agreements. And what about Europe? From the Chinese point of view the economic crisis that preoccupies Europe seems an opportunity rather than an obstacle. Now, the question […] read more
Omnibus accounts – Poland is looking to make its capital market more accessible to foreign investors
With the beginning of the year, significant changes came into force in Poland concerning the law related to the trading in financial instruments. The introduction of omnibus accounts opened up the Polish capital market for foreign investors and brokerage houses. The reform reorganized the system of registration of financial instruments. For example, the potential foreign investor will now be able to enter into an agreement with the Polish authorized entity to run the omnibus […] read more