NEWS

06.03.2019 r.

Amendments to the Commercial Companies Code: the reimbursement of the pre-payments for the shareholders by virtue of predicted dividend

On 1st March 2019, the amendment provided for in the Act of 9 November 2018 amending certain acts in order to introduce simplifications for entrepreneurs in the tax and economic law entered into force. Based on the above-mentioned law, into the Commercial Companies Code has been added new Article 195 § 11.

In accordance with the new regulations, if in a particular financial year an advance payment towards the expected dividend was paid to shareholders and the company recorded a loss or made a profit in the amount lower than the advance payments, the shareholders return the advance payments in:

  1. completely – in the case of recording a loss, or
  2. part corresponding to the amount exceeding the profit attributable to the shareholder for a given financial year – if the profit is lower than the advance payments on account of the expected dividend.

Regarding to Joint Stock Company, the legislator has refrained from making any changes in above-mentioned area.

 

/JF/

22.01.2019 r.

BIMCO’s Dry Bulk Terminals Vetting Report for 2018

On 18th January 2019 BIMCO, the world’s largest international shipping association, published annual report named “Dry Bulk Terminals Vetting Report”. The report collected input from 144 ships covering 381 terminals. The questionnaire consists of 36 specific questions divided into the following five main categories: mooring and berth arrangements, terminal services, terminal equipment, information exchange between […]

02.01.2019 r.

Amendments to the Labour Code

Amendments to the Act of 26 June 1974 – Labour Code entered into force on 1 January 2019. The amendment provides, among other things, that the payment of remuneration is to be made to the payment account indicated by the employee, unless the employee has submitted an application for payment of remuneration to their own […]

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