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
Patronage over Polish Forum of Arbitration!
We are happy to inform you that Business&Law continues cooperation with The European Centre of Arbitration (see previous post: http://businesslawblog.eu/2014/02/18/patronage-over-arbitration-academy/). This time Business&Law took media patronage (supporting blog position) over Polish Forum of Arbitration. The Organizer of the event – European Centre of Arbitration (eca.org.pl) – is an independent, apolitical nonprofit social organization, leading in educational, informational and academic activities in the field of arbitration. We cordially invite to take part in the Polish Forum […] read more
Living with competition law issues seminar – summary of recent developments in competition law
I had a great pleasure to participate in the seminar “Living with competition law issues” organized by the Union Internationale des Avocats (UIA) in partnership with the International League of Competition Law (ILCL), the National Bar Council and the Warsaw Bar Council. The seminar was held on 14th March 2014 under the honorary patronage of Dr. Małgorzata Krasnodębska-Tomkiel – former President of the Polish Office of Competition and Consumer Protection. The said event created a […] 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
M&A DEALS IN THE MIDDLE EAST KEY PRACTICAL ISSUES
With global economies recovering from the financial crisis and major financial hurdles in the United States coming to an end, mergers and acquisitions (“M&As”) have started to pick up around the world. Introduction Businesses operating in the Middle East and the Gulf Co-operation Council (“GCC”) region are yet again considered, by foreign investors, attractive acquisition targets, especially in light of the World Expo 2020 to be hosted by the United Arab Emirates (“UAE”) and […] read more
What can the Ukrainian crisis mean for our economic future?
As I am writing this article, Russian grip tightens around the Crimea, and the political future of the entire Ukraine is far from certain. While not wanting to appear overly cynical, we find it worthwhile to pose a simple question: what does the Ukrainian crisis mean for Poland economically? It seems reasonable to consider the possible impact of the crisis through three key dimensions: how much longer will it take to resolve, how destabilising […] read more
Business&law news!
Adam Pasierbek & Mikołaj Firlej about business and law news ! Main topic: UK monetary system Where does the forward guidance lead? What does one do when a policy mechanism one has put in place works better than anticipated? One could either sit back and enjoy the fruits of a good policy design – or start carefully considering the next, possibly yet more difficult step. The latter option is more advisable if […] 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.
POLAND ACT ON LAND AND MORTGAGE REGISTER – Part 3 of 5. An amendment to the Land and Mortgage Registers and Mortgages Act of 1982 (Ustawa o księgach wieczystych i hipotece) entered into force in February 2011. The modifications are very broad and significantly simplified the practice of banks and other lending institutions with respect to the establishment of securities on real estate. One type of mortgage The previous division of mortgages […] read more