December
Tax & Legal Highligts for Real Estate – December 2019
Subscribe to our newsletter (only in Polish) 1. New approach to reserving a contractual penalty On 20 November 2019 the Supreme Court adopted a resolution (ref. III CZP 3/19) which is of significant importance for the construction business. The Supreme Court ruled that it is unacceptable to reserve a contractual penalty in case of withdrawal from […] more
November
Tax & Legal Highligts for Real Estate – November 2019
Subscribe to our newsletter (only in Polish) 1. Delivery of the first procedural document by a bailiff One of the many revolutionary changes introduced by the largest amendment to the Civil Procedure Code in recent years, which came into force on 7 November 2019, is the introduction of a new principle of service of pleadings. Until […] more
October
Tax & Legal Highlights for Real Estate – October 2019
Subscribe to our newsletter (only in Polish) 1. The Environmental Protection Law will be amended According to the act recently signed by the President of the Republic of Poland, the Environmental Protection Law will be amended as Poland needs to meet its obligations towards the European Union related to the transposition into Polish law of Commission […] more
Central Register of Real Beneficiaries
From 13 October 2019 the Central Register of Beneficial Owners (hereinafter referred to as the Register), maintained by the Minister of Finance, will start its operation in the form of an Information and Communication Technology system aimed at increasing the security of trading, facilitating the verification of legal entities’ structures and processing of information on […] more
September
Acquiring real properties in Poland by foreigners
Acquiring real property by foreigners is governed by the provisions of the Act of 24 March 1920 on Purchase of Real Estate by Foreigners with further amendments. Foreigner’ within the meaning of the Act is: An individual who is not a Polish national A corporate entity having a registered place of business abroad A partnership of […] more
Tax & Legal Highlights for Real Estate – September 2019
Subscribe to our newsletter (only in Polish) 1. Changes to the environmental protection regulations On 24th September 2019 amendment to the Act on providing information on the environment and environmental protection, public participation on environmental protection and on environmental impact assessment enters into force. The amendment is aimed at improving environmental permit proceedings, among others, e.g. […] more
Legal News 8 – September 2019
Poniżej prezentujemy najważniejsze zmiany w prawie, o których warto wiedzieć. Bądź na bieżąco -> zapisz się na newsletter Legal alert – relevant amendments to the Polish Labour Code (7 September 2019) Please be informed that on 7 September 2019, an amendment to numerous provisions of the Polish Labour Code (“LC”) entered into force. Analyzed changes concern many […] more
August
Tax & Legal Highlights for Real Estate – August 2019
Subscribe to our newsletter (only in Polish) 1. The right of perpetual usufruct has recently undergone significant reforms Mainly due to the Act of 20th July 2018 on the transformation of the right of perpetual usufruct of developed land for housing purposes into the ownership right to such property. The legislator is fine-tuning this regulation and […] more
Perpetual usufruct – defending against an increase in fee
Perpetual usufruct fee update The primary obligation of a perpetual usufructuary of a land is to pay the applicable fee. The fee is determined by multiplying the percentage rate and the value of property on the day perpetual usufruct was established. However, one has to bear in mind that this value can change. It can […] more
July
Tax & Legal Highlights for Real Estate – July 2019
Subscribe to our newsletter (only in Polish) 1. Planned simplifications in issuing environmental decisions On 9th July 2019 the Polish Government submitted to the Polish Parliament (PL: Sejm) a draft of amendment to the Act on Access to Information on the Environment and its Protection, Public Participation in Environmental Protection and Environmental Impact Assessments and some […] more
