Thursday, February 18, 2021
The amendment of the Commercial Companies Code (hereinafter “CCC”) to introduce holding law has already been discussed in our material Commercial Law Revolution in Poland – New Holding Law and Enhanced Corporate Oversight Mechanisms. However, as a continuation of this topic, we would like to touch upon one of its elements – the introduction into Polish commercial law of the measure of business judgment called “Business Judgement Rule” in assessing the actions of members of companies’ bodies.
Ratio Legis
for Proposed Regulation
The draft amendment to the Polish CCC, developed by the Commission for Corporate Governance Reform appointed by the Minister of State Assets, has recently become a hotly debated issue in Poland. The draft amendment of 20 July 2020 introduces significant changes to Polish corporate law, with far-reaching consequences both in legal and business terms, for corporate entities operating on the market. It fea
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An evaluation of stablecoins is a balancing act between polarizing stakeholder priorities. End-users will seek a form of money and payment system that maximizes private benefits and reduces associated costs and risks
1. End-users emphasize the means of payment and store of value functions of money, which are characterized by criteria like liquidity, scalability, additional services, ease of use, efficiency, and anonymity, amongst others
2. Commercial banks will seek a form of money and payment system that amplifies society’s reliance on them as intermediaries in the hopes of increasing profits. From a public policy perspective, there are three primary objectives for a money and payment system; that they support financial integrity, financial stability and monetary policy effectiveness