Throughout 2024, our leading Capital Markets practice demonstrated its expertise and commitment to excellence by advising on a series of high-profile transactions.

The President has signed a new law abolishing the principle that monetary obligations in Poland must be carried out in Polish zlotys.

On 21 February 2012, the Chairman of the Polish Financial Supervision Commission ("KNF") sent a letter on bancassurance to the management boards of all insurance companies and banks in Poland.

Changes have been made to NewConnect, the alternative trading platform for small and medium-sized companies established on 30 August 2007.

On 31 March 2009, a new concept of consumer bankruptcy will be introduced, making it possible for individual debtors who are not engaged in business activities to be declared bankrupt.

Welcome to our new podcast "One Step Ahead Insights", an extension of our renowned "One Step Ahead" seminar series.

Real Estate Investment Trusts (REITs) permit investors (including small ones) to participate in the real estate market in a tax-advantaged manner.

Gift cards have become more and more popular. They are bought as presents and some shops have a return policy where items bought physically can be exchanged only for a gift card of the equivalent amount.

A clause requiring borrowers to inform BRE Bank about all circumstances that could potentially impair their financial situation has been declared unlawful by the Court of Competition and Consumer Protection.

The Ministry of Finance has begun work on amending provisions on banking outsourcing, (present in banking legislation since 1 May 2004) to adapt them to the demands of the financial markets.

From 1 January 2010, all non-bank entities dealing in foreign exchange or acting as a currency exchange bureau are required to submit reports to the National Bank of Poland in accordance with new rules.

According to estimates by the Polish Bank Association, 75.9% of banks in Poland use outsourcing and a further 13.8% plan to commission certain activities to external entities.

Shares bought by a married person using money owned jointly with their spouse belong to both spouses, according to the Supreme Court of Poland.

A process is underway to "reauthorize" entries in the Polish Financial Supervision Authority (KNF) register of payment instrument issuers on the basis of the limited network exclusion.

The Office for Competition and Consumer Protection (OCCP) has challenged certain clauses used by 19 banks in their mortgage documents.

Significant changes to the derivatives market are being introduced by EU Regulation No. 648/2012 on OTC derivatives, central counterparties and trade repositories which entered into force on 16 August 2012.

The Ministry of Finance published a Draft of ordinance on detailed criteria for compliance by the members of the management and supervisory board of a company operating a regulated market with the requirements ...

The Act amending the Polish Accounting Act and the National Court Register Act has introduced changes that significantly affect the obligations of entrepreneurs, particularly with regard to the filing of financial statements.

Under Article 96 item 1 of the Banking Law, a bank may issue BET on the basis of its books or other documents related to conducting banking activities.