We regularly inform you about successive governmental bills referred to as “anti-crisis shields”.
- On 31st March 2020 this year the Anti-crisis shield 1.0. was adopted and entered into force on the very same day.
- On 18th April 2020 the Anti-crisis shield 2.0. entered into force.
- On 16th May 2020 the Anti-crisis shield 3.0. entered into force.
The “anti-crisis shield 4.0”, introduces, amongst other things, subsidies to interest rates on loans for companies in difficulty. It also provides for very quick restructuring proceedings, the handing over of control over the takeover market to the President of the Office for Competition and Consumer Protection (UOKiK), as well as other facilities for employers (Journal of Laws of 2020, item 1086).
We present you with an up-to-date summary of the measures introduced by the Polish government in connection with the crisis caused by the Corona virus. This summary was prepared by our partner law firm law sdzlegal Schindhelm and has been kindly made available to us so that we can pass it on to you.
SDZLEGAL Schindhelm Team
Below you will find a summary of the solutions contained in the already binding law, so called anti-crisis shields 1.0., 2.0. and 3.0., divided into specific relevant topics. We have marked these solutions in black. The amendments and supplements proposed under the draft law on subsidies, now called anti-crisis shield 4.0, have been marked in red.
Please do not hesitate to contact us in case of any inquiries or doubts on the anti-crisis shield or any other legal questions concerning COVID-19.
We are an independent member of HLB. THE GLOBAL ADVISORY AND ACCOUNTING NETWORK.