Poland takes another step to make cross-border reorganization of companies easier
On 8 August 2022, a proposal for a bill amending the Commercial Companies Code and certain other acts was published. This act is to transpose EU Directives 2019/2121 and 2019/1151 and to implement the judgment of the Court of Justice of the EU in the case C-106/16 Polbud. Consequently, the aim of the planned legislation is to facilitate cross-border reorganizations of companies within the EU internal market.
The business judgement rule in an amendment to the Commercial Companies Code
Amendment of the Commercial Companies Code has been published
On 12 April, a bill amending the Commercial Companies Code was published in the Polish Journal of Laws. The bill includes rules applicable for activities of holding companies, instruments strengthening the role of supervisory boards as well assimplifying the process of management of capital groups.