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.
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Anti-Crisis Shield 2.0 has been adopted!
21.04.2020 | During the night from 16 to 17 April 2020, the Polish Sejm (the lower house of Poland’s parliament), having partially considered amendments submitted by the Senate (the upper house), passed the Act on Specific Support Instruments in Connection with the Spread of the SARS-CoV-2 Virus (“Shield 2.0”). 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»
COVID 19 Anti-crisis shield project — proposals regarding labor law
30.03.2020 | The draft Act on Special Measures Aimed at Prevention and Control of COVID-19, Other Infectious Diseases and the Resulting Crisis Situations (the “Crisis Shield Act”) provides for a range of job retention measures in the wake of the COVID-19 outbreak. The following two support mechanisms will be of special importance. more»
Newsletter No. 02/2020
02.03.2020 | From the beginning of this year, the Act on payment deadlines in commercial transactions has undergone fundamental changes. The name of the Act, currently being the “Act on counteracting excessive delays in commercial transactions”, clearly shows that the amendments aim at cutting down on payment backlogs and improving the financial liquidity of businesses. more»
Special News – tax changes in 2020
13.01.2020 | 1. New rules for issuing an invoice on the basis of a receipt - Starting from the new year, in the case of a sale documented by a receipt, the vendor can only issue an invoice to the acquirer if the underlying receipt features the acquirer’s taxpayer identification number (NIP). If a sale is documented by a receipt, the vendor is required to issue an invoice to the acquirer upon request. more»
