Planned Limitations In Trade In Real Estate

Planned limitations in trade in real estate, as well as in the shares of companies which are owners and perpetual usufructuaries of agricultural real estate.

1. Work is underway in the Sejm (the Lower House of the Polish Parliament) on a government bill for an Act to withhold the sale of real estate of the State Treasury Agricultural Property Resource and on an amendment to certain acts ("Act"). The first reading of the bill has been completed – now work is underway in the Agriculture and Rural Development Commission. The bill has been given the parliamentary document number 293 – a link to the bill can be found here: http://sejm.gov.pl/Sejm8.nsf/druk.xsp?nr=293.
2. Pursuant to the bill, the Act is to enter into force on 30 April this year. Taking into account the speed of the work to date, this is highly probable. At the same time, on 1 May 2016 the limitation will cease to exist regarding the acquisition of agricultural and forestry real estate in Poland by entities