Newsletter

Newsletter No. 04/2020

02.07.2020 | Anti-Crisis Shield 4.0 – what’s new for businesses? - On 19 June 2020, the lower chamber of Poland's parliament (the Sejm) backed the final version of the Act on Interest Subsidies on Bank Loans Granted to Businesses Impacted by the COVID-19 pandemic and Simplified Proceedings for Approval of an Arrangement with Creditors Due to the COVID-19 outbreak (simplified restructuring), also known as Anti-Crisis Shield 4.0. Having been signed by the Polish president, the bill has already entered into force. more»

The Anti-Crisis Shield has finally entered into force

07.04.2020 | On 31 March 2020, President Andrzej Duda signed a package of acts nicknamed the “Anti-Crisis Shield”, setting out solutions in five main areas: the employment retention scheme, support for businesses, support for the health care sector, strengthening of the financial system and the introduction of a package of public investments. According to the Polish government, this remedial package is worth PLN 212 billion. This newsletter introduces some of the legal instruments that are of special importance to the first two pillars of the Anti-Crisis Shield, namely the job retention scheme and support for businesses. more»