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
Piercing of the corporate veil – an issue in Polish capital companies?
Contrary to the situation in respect of a partnership, the beauty of forming a capital company is the limitation of shareholders’ financial liability for such company’s debts. As a rule, the shareholders’ entire financial risk is limited to the amount of the committed funds. In various legal systems, there are certain exceptions to this rule, commonly referred to as “piercing of the corporate veil”. What about Poland? In Poland, there are two types of […] read more