On 22 February 2022 KIELTYKA KG LEGAL will take place in the Future of Beauty Festival as a part of Wall Street Journal Festival of Everything. The participants of the event will learn about the latest innovations shaping the future of beauty, from cosmetic industry giants harnessing the power of data analytics and artificial intelligence, to wellness technologies prompting consumers to take a more expansive view of beauty that includes mindfulness, nutrition and lifestyle choices. The speakers will also focus on the impact of the pandemic on these trends. The speakers will include Katie Sturino, Founder, Megababe, The Future of Beauty; Ellie Austin, News Editor, Live Journalism, The Wall Street Journal; Sara Castellanos, News Editor, Live Journalism, The Wall Street Journal Future of Beauty
The previous energy market model in Poland was based on a monopoly of five different electricity suppliers.
Since 2007, the energy market in Poland has been liberalised and both companies and individuals are free to change their energy supplier. However, elements of a monopoly remain, as energy production and transmission is still the responsibility of these companies. Energy trading, on the other hand, is completely free. All elements of this market are licensed and supervised by the Polish Energy Regulatory Office. At present, the energy sector is being restructured and put in order, especially as regards competition. In the near future, the situation related to the stable position on the energy producer market may change drastically due to the new energy policy and the gradual abandonment of energy production from fossil fuels. This may lead to the liberalisation of the energy production and transmission market and an increase in the number of energy traders.
KG LEGAL HAS BEEN INVITED FOR EXPERT CONSULTATIONS FOR REUTERS EVENTS – PART OF REUTERS NEWS AGENCY
The lawyers of KIELTYKA GLADKOWSKI KG LEGAL will provide consultations for the purposes of research on market access trends, challenges and disruptors in European pharmaceuticals. KG Legal will provide information based on experience of legal counselling in Poland in cross border cases, mostly for pharma and biotech industry in regulatory matters. Poland has the market in which pharmaceutical sector has to adjust to a wide scope of changes triggered by not only the pandemic. The technological progress indicates new legal challenges for the legality of ITC solutions and data processing in med and pharma entities.
The President of the Polish Office for the Protection of Competition and Consumers issued two decisions concerning agreements limiting competition between truck dealers.
The two decisions issued relate to collusion by DAF car dealers. In the first case, the President of the Office for Competition and Consumer Protection (Polish: UOKiK) found that five companies: DBK of Olsztyn, ESA Trucks Polska of Komorniki (Wielkopolskie Voivodeship), TB Truck & Trailer Serwis of Wolica (Mazowieckie Voivodeship), Van Tilburg-Bastianen Groep of Breda, the Netherlands, and WTC of Długołęka (Dolnośląskie Voivodeship) had entered into an agreement restricting competition. Entrepreneurs have divided the market among themselves. Together they agreed that each would sell DAF trucks in a specific area and not compete for customers in other parts of Poland. They also exchanged pricing information. In the case of four companies (excluding ESA Trucks Poland), the arrangements also concerned the exchange of information on bids submitted in tenders.
Pyramid promotional schemes involve consumers being persuaded to participate in a “project” in exchange for the promise of remuneration or other benefits, which depend primarily on bringing more people into the scheme rather than on the sale or consumption of products. Such schemes most often offer investments in tokens, cryptocurrencies, educational or language packages, apartments, etc.
The scheme of operation of a pyramid scheme is basically as follows: you put money into a supposed investment, you refer other people, and you get paid for introducing them. Your money is not actually invested, it is used to compensate the people who brought you into the system. At the same time, your compensation comes from the contributions of people you have directly and indirectly referred. In this way, it is you, your friends and your friends of friends who are funding a system that is not really investing anything. Therefore, after a period of time, the system has to fail because the money paid in is not invested in any assets and does not make a profit. The money goes to the organizers and the highest position in the chain. The system works as long as the number of people joining and contributing money increases exponentially, which is not sustainable. As a result, the system collapses and the money invested is lost.
