According to Article 14 of the Act on Polish Citizenship, a child acquire the Polish citizenship by birth if at least one of the parents is the Polish citizen. As a consequence of this provision, there are many people all…
In the Polish Land and Mortgage Register it is still possible to find prewar mortgages securing loans. A mortgage creditors in such cases usually have already passed away and it is almost not possible to determine their heirs. However, it…
According to Article 226 of the Polish Civil Code an autonomous possessor in good faith may demand from the owner the refund of outlays. This provision from time to time is a basis for lawsuits against subsequent real estate owners…
Interest are of accessory nature to principal performance. It means that, as a general rule, interest expire no later than the principal performance. For example, if a claim for price payment expires (in the event of business activity the statue…
On the basis of Article 77 p. 61 of the Act of June 19th, 2020, on Subsidies for Interest of Bank Loans Granted to Entrepreneurs Affected by COVID-19 and on Simplified Arrangement Proceedings Due to COVID-19, to so called Anti-Crisis…
According to Article 554 of the Polish Civil Code, claims based on sale made within the scope of operations of the seller’s enterprise become barred by the statute of limitations after two years. However, in some cases, the statute of…
In the latest draft Anti-Crisis Act 4.0, the government proposes to introduce, among others, changes regarding the settlement of loans granted to micro-enterprises. Pursuant to the act currently in force, a micro-enterprise may submit to the poviat labor authority an…
Due to the coronavirus pandemic the deadline for approval of the annual financial report has been extended by three months. It is hard to say whether the epidemic situation in Poland will improve in the nearest future. In such circumstances,…
On May 15, 2020, the President of the Republic of Poland signed the Act of May 14, 2020 amending some laws on the matters of shielding activities due to the spread of the SARS-CoV-2 virus. The Act entered into force…
The introduction of the state of the epidemic in Poland coincided with the moment when the majority of entities keeping accounts in accordance with the provisions of, among others, the Accounting Act should draw up, approve, make available, and submit…