As for service procedure of documents in Poland until present, the common form was a paper letter that had to be sent with an acknowledgement of receipt. The changes introduced by the 2019-2021 amendments to the Polish administrative procedure, particularly the 2021 amendment on electronic service, are intended to effectively change the way parties are informed about the stages in the procedure. The changes move correspondence with government entities to an electronic level. From 5 October 2021, there have entered into force the changes which concern, among others, the principle of written documents (Article 14 of the Code of Administrative Procedure), provisions on the power of attorney (Article 33 of the Polish Code of Administrative Procedure ), time limits (Article 35 of the Polish Code of Administrative Procedure), reminders (Article 37 of the Code of Administrative Procedure), service (Articles 39-49 of the Code of Administrative Procedure), summons (Articles 50, 54 of the Code of Administrative Procedure), time limits (Article 57), or commencement of proceedings (Articles 61, 63 of the Code of Administrative Procedure).
On February 3, 2022 KIELTYKA GLADKOWSKI KG LEGAL will participate in the seminar organized by Proskauer on Nasdaq listings for European and Asian companies. The seminar will discuss the SEC process, disclosure requirements, corporate governance, ADRs and liability concerns.
The speaker will be Peter Castellon, Partner.
Due to large interest among our law firm’s clients in Nasdaq listing and related requirements, our corporate and regulatory team members will take advantage of the seminar by gaining practical information for our clients in relation to the listing process. The information will be of particular interest for KG Legal’s clients operating in technology and healthcare sector.
On 16 and 17 November 2021 KIELTYKA GLADKOWSKI will participate in Global Class Actions Symposium 2021 organised by ICLG.com. With 14 panel discussions across the two days, expert speakers will cover topics including:
Funding international collective proceedings
Settlements of global disputes
Planning Global Strategy
Class action for breach of data protection
Competition claims
ESG claims
Global trends in securities litigation
Consumer protection
Calculating damages in cross-border cases
Since class actions expertise, with heavy emphasis on cross border aspect, is one of the key specialisations of KIELTYKA GLADKOWSKI, the participation in the event will allow our lawyers to gain more insight into current trends and strategies within global class actions.
As the market for cryptocurrencies and crypto-assets is growing at a frenetic pace, last year there were many discussions in the European Union about the rules and regulations related to them. On September 24, 2020 the European Commission has issued an important project affecting the Market of Crypto-assets in the European Union, namely the Proposal for theREGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on Markets in Crypto-assets, and amending Directive (EU) 2019/1937.
What is the purpose of the proposal?
Due to the growing popularity of cryptocurrencies, there has occurred a need for increased regulatory scrutiny. There are different approaches to cryptocurrencies around the world regarding government regulations. The regulations in the new draft are designed to protect consumers from cyber-attacks, theft or malfunction on cryptocurrency exchanges. What is surprising – despite the emphasis on increased scrutiny and protection, the regulation does not mention a requirement for mandatory insurance against, for example, loss of assets due to fraud or cyber-attack.
On 08 October 2021 there was finalised a major reform of the international tax system at the OECD which will ensure that Multinational Enterprises (MNEs) will be subject to a minimum 15% tax rate from 2023.
The landmark deal, agreed by 136 countries and jurisdictions representing more than 90% of global GDP, will also reallocate more than USD 125 billion of profits from around 100 of the world’s largest and most profitable MNEs to countries worldwide, ensuring that these firms pay a fair share of tax wherever they operate and generate profits.
Following years of intensive negotiations to bring the international tax system into the 21st century, 136 jurisdictions (out of the 140 members of the OECD/G20 Inclusive Framework on BEPS) joined the Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy. It updates and finalises a July 2021 political agreement by members of the Inclusive Framework to fundamentally reform international tax rules.
With Estonia, Hungary and Ireland having joined the agreement, it is now supported by all OECD and G20 countries. Four countries – Kenya, Nigeria, Pakistan and Sri Lanka – have not yet joined the agreement.
International community strikes a ground-breaking tax deal for the digital age
