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ARTICLE · 16 APRIL 2019

New Law On Export Finance

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The New Law will replace in full the current Law of 7 July 1994 on export insurance guaranteed by the State Treasury.

PolandFinance and Banking

The draft new Polish law on export insurance guaranteed by the State Treasury and amendments to the Law on Bank Gospodarstwa Krajowego ("New Law") was published on the website of the Government Legislation Center on 14 March 2019.

The New Law will replace in full the current Law of 7 July 1994 on export insurance guaranteed by the State Treasury. In order for the New Act to come into force this year, the Sejm should submit it to the President for assent before the end of the parliamentary cycle. Otherwise, the bill will require a new procedure in the new parliament. It does seem possible to pass the bill this year, but as there are only a few months of this Sejm and Senate left, the schedule of work on the bill will be quite tight.

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