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KIELTYKA GLADKOWSKI KG LEGAL TAKES PART IN COMPLIANCE INSTITUTE 2022 ORGANISED BY NYCB

On September 21, 2022 KIELTYKA GLADKOWSKI KG LEGAL will take part in Compliance Institute organized by New York City Bar, as its member.

Corporate ethics and compliance responsibilities are becoming increasingly complex. There are increasingly more anti-money laundering provision implemented. As for the US market, the SEC has been busy proposing regulations that significantly increase the compliance burdens on regulated companies on matters ranging from disclosure obligations to cybersecurity. In addition, compliance professionals have had to deal with new and evolving data privacy and cybersecurity laws, in a progressively multi-jurisdictional environment, with a significant portion of the workforce still working remotely due to the COVID-19 pandemic. The application of new and more sophisticated technology, artificial intelligence, and machine learning solutions, and the evolution of digital assets and cryptocurrencies, have also increased the challenges facing compliance officers.

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Digital Health: Regional Opportunities and Challenges in Lower Austria

On 7-8th September 2022 KIEŁTYKA GŁADKOWSKI KG LEGAL will be attending the event on Digital Health: Regional Opportunities and Challenges in Lower Austria. Organized under the umbrella of the Vanguard Initiative, along with the East Netherlands and North-East Romania regions, this event is part of the Science meets Regions program funded by the Joint Research Center (JRC).

Organizer of the event

The Vanguard Initiative is a unique alliance that gathers 39 of the most advanced industrial regions in Europe, focused on stimulating industrial innovation and building European value-chains based on complementarities in regional smart specialisation strategies. By connecting innovation ecosystems and sharing knowledge and facilities across its member regions, the Vanguard Initiative facilitates interregional collaboration, stimulates interregional innovation investments, strengthens open innovation, and speeds up the introduction and market-uptake of new products and innovations in Europe.

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Crypto hedge funds – Polish and global trends

Most often, in economic terms, it is assumed that the hedge fund is an investment company. It manages a portfolio of securities available in public offerings, using leverage as well as derivatives. Hedge funds are among the riskiest investment funds.

Fund managers take long and short positions while investing in multiple financial instruments. A characteristic feature of a hedge fund is the independence of investment decisions from the general market situation. They generate profits regardless of whether there is a bull or bear market.

In other words, a hedge fund, thanks to its leverage and a variety of investment instruments, can make money even when the stock market declines. While other funds depreciate when declining.

The goal of hedge funds is to use unconventional methods of multiplying capital to reduce the risk of fluctuations in the value of the fund’s shares. Therefore, a hedge fund can earn income regardless of the market situation. The investor must also take into account that the fees charged by the hedge fund managers are calculated on the basis of the profit generated by the fund.

Hedge Fund: Principles of Operation

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Wind Energy In Poland. Polish Government liberalizes energy law

Current regulation:

Since 2016, wind power development has virtually stopped in Poland. The number of new power plants has declined almost to zero. This has happened due to the Wind Power Investment Act. According to Article 4 of this act, the distance at which a wind power plant and a residential building may be located and constructed is equal to or greater than ten times the height of the wind power plant measured from ground level to the highest point of the structure, including the technical elements, in particular the rotor with its blades. The above is the so-called 10 H rule.[1]

Such a restrictive regulation has significantly limited the areas where wind power plants can be located, virtually stopping the development of this branch of energy on land. The investments realized since then have almost exclusively been the completion of projects started before the regulation came into force.  [2]

Liberalization:

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Return of commercial proceedings to the Polish Code of Civil Procedure

There have been re-introduced proceedings in commercial cases to the Polish civil procedure which may be particularly of importance to cases with cross border element.

The great amendment of the Polish Code of Civil Procedure means, among other things, a return to a separately regulated commercial procedure. The legislator’s assumption is simple – greater rigor for the parties and faster verdicts, which are to adapt the court procedure to the realities of the market of professional entities conducting business activity.

The provisions regulating commercial proceedings should be applied in litigation commercial cases. Regulations concerning other separate proceedings should be applied only if they are not inconsistent with commercial proceedings. The exceptions are the European order for payment procedure, the European Small Claims Procedure and the electronic order for payment procedure.

Commercial  case:

Commercial cases are as follows:

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