On April 18, 2019 there entered into force the Polish Act of November 9, 2018 on electronic invoices in public procurement, concessions for construction works or services and public-private partnership (Journal of Laws 2018 item 2191 ). This Act implements Directive 2014/55/EU of the European Parliament and of the Council of 16 April 2014 on invoicing electronic in public procurement (Journal of the EU L 133 of 06/05/2014, page 1). The Directive, in its recitals, indicates above all that “The multiplicity of non-interoperable standards results in excessive complexity, legal uncertainty and additional operating costs for economic operators using electronic invoices across Member States”. The above problems may become more serious in the future due to the spread of electronic invoices. Therefore, one of the goals of introducing the above changes is to introduce interoperability, i.e. to allow the presentation and processing of information in a consistent manner between business systems, regardless of the technologies, applications or platforms they use. Under the new Act, an ICT system was created for which the minister in charge of the economy is responsible – the Electronic Invoicing Platform www.efaktura.gov.pl.
The application of new technologies in the amended Polish law regulating financial markets and company law
Author:
K. Jakub Gładkowski / Aleksander Kulasza
Abstract:
The article presents two important amendments in the Polish law in the sector of the financial markets and the company law which make use of the innovative IT solutions and thus lead to a greater protection of investors and to promoting investments in Poland. The examples of such changes in law are the obligatory dematerialisation of the Polish securities (of non-public entities), such as bonds and the introduction – for the needs of technology start-ups – a new legal form of operating business activity, namely a simple joint stock company, for which there is provided dematerialisation of shares with the use of such technologies as Public Key Infrastructure and Keyless Signature Infrastructure, and the blockchain type of technology.
Private Client desk of KIELTYKA GLADKOWSKI LEGAL (ranked as Leading Law firm in Private Client sector by the Legal500 EMEA for the consecutive years) has developed its legal services for HNW individuals and their businesses as well as Next Gen Wealth on the Polish market, particularly in cross border cases.
We are now a proud member of Private Client Community of the project ThoughtLeaders4 Private Client.
ThoughtLeaders4 is a platform for professionals in the Private Client desk sector for panel sessions and networking events.
As a part of KIELTYKA GLADKOWSKI networking in ThoughtLeaders4 Private Client Community we plan to provide legal advice in wealth management; succession planning; investments across different asset classes; legal support in creating trust funds and tax optimization, as well as advice and support on business and corporate structuring.
Due to the new challenges of the economic recession on the Polish market KIELTYKA GŁADKOWSKI LEGAL has started cooperation with the American Bankruptcy Institute. On behalf of KIELTYKA GLADKOWSKI LEGAL attorney Małgorzata Kiełtyka has joined the ABI organization.
The American Bankruptcy Institute is the nation’s largest association of bankruptcy professionals, made up of over 12,000 members in multi-disciplinary roles, including attorneys, auctioneers, bankers, judges, lenders, professors, turnaround specialists, accountants and others.
