Wardynski & Partners

It’s hard to explain to someone who has never been accused of a crime that they cannot use their own money, and this situation could last for months. Nonetheless, an institution exerting this effect functions under Polish law and can impact both individuals and companies This institution is the freezing of accounts. In general it is used where there is a suspicion that funds in an account have a criminal origin or are related to an offence. This institution is grounded in several sets of regulations in Poland, and how it is applied differs under each act. In this report we examine the institution of freezing of accounts in Poland...

The insurer incorrectly notified the insured of the general conditions of insurance. Could this result in the insurer being required to pay compensation, even though the general conditions of insurance state that there is an exception excluding the insurer’s liability?   In our practice, we encountered an issue surrounding the need to notify the insured of the general conditions of the insurance contract. This question was referred to us by an insurer in connection with pending court proceedings in France. The insured was a Polish company that entered into a contract with an insurer under Polish law...

What is a registered pledge on shares in a limited-liability company, and how is this security enforced? These questions are answered in the latest episode of News from Poland—Business & Law by Mateusz Tusznio, an advocate and restructuring adviser specialising in banking and finance law and restructuring of corporate debt. Afterwards, Konrad Grotowski, host of the programme, shines a spotlight on how Polish businesses currently view the prospect of replacing the zloty with the euro...

In the second part of the program News from Poland—Business & Law in which Konrad Grotowski and Jakub Barański continue to dicuss about taking the testimony of a foreigner (especially a member of a company’s management board) in a Polish civil court as a party to the proceedings. News from Poland—Business & Law is a synthesis of important current events in the Polish economy and changes to Polish law, especially those that may concern management board members and affect the risk of serving on boards. The programme is intended for foreign directors of Polish companies, foreign investors in Poland, and their foreign advisers...