changes in law

How many transmission system operators in Poland?

The Third European Energy Liberalisation Package permits the existence of multiple transmission system operators for electricity and gas. Under current Polish law, however, there has been only one operator for each system.

New treatment of share redemption income

Amendments to the Corporate Income Tax Act and the Personal Income Act in Poland went into force on 1 January 2011, including changes in the tax treatment of share redemption transactions.

Easier to file for bankruptcy

An amendment to the Polish Bankruptcy Law went into effect on 22 December 2010, giving debtors a chance to supplement deficient bankruptcy petitions while maintaining the original filing date.

Major changes in mortgages

On 20 February 2011 the Act Amending the Act on Land and Mortgage Registers and Mortgages and Certain Other Acts (Journal of Laws Dz.U. 2009 No. 131 item 1075) goes into effect.

Uniform principles for the remuneration of contractors

A new act implementing certain European Union provisions on equal treatment is awaiting signature by the President and will probably come into force as of the New Year.

The gift of the Magi

An act amending the Labour Code and other laws comes into force from 1 January 2011, establishing a new public holiday on Epiphany (January 6).