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Sustainable investments and ESG in practice

Currently businesses are not only expected to make profit and grow on a financial level but also to contribute to the positive change in the society and to take responsibility and improve the impact on the environment. The main principle that helps investors to meet those requirements is sustainability. In the social – environmental context it refers to the support of human and ecological well-being, health, and vitality over time and in the corporate context, it refers to the ability of an entity to consistently create and protect value over the long-term.

One of the practices that focuses on benefiting the society and the natural environment is called sustainable investment. Sustainable investing seeks to achieve the dual goals of creating both financial returns and positive social and/or environmental impact. The main principle of sustainable investing is to make capital allocation decisions based on socially responsible and ethical strategies. It can fall into a multitude of categories, including improving access to quality education, clean energy, gender and racial equality, the sustainability of agriculture or food systems, and waste management.

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POLISH NEW LEGISLATION ON SIMPLIFIED PROCEDURES OF EMPLOYING UKRAINIAN CITIZENS

In Poland there has entered into force the Act of 12 March 2022 on assistance to Ukrainian citizens in connection with an armed conflict in the territory of that country (Journal of Laws of 2022, item 583).

The adopted special act regulates the issues of stay of Ukrainian citizens in Poland. It also assumes a number of solutions related to the labor market. The most important thing is to open access to the labor market for Ukrainian citizens.

Admitting Ukrainian citizens to work in Poland will not require a work permit or a declaration of entrusting work, as it has been so far. The only formal requirement is the obligation for the employer to notify employment offices about entrusting work for a citizen of Ukraine.

The employer has 14 days from the date of starting work by the Ukrainian citizen to fulfill this obligation. The notification shall be submitted via the praca.gov.pl portal. The solution applies only to Ukrainian citizens, not all foreigners. The special act also gives Ukrainian citizens the possibility of simplified registration – as unemployed and jobseekers – in poviat labor offices.

EMPLOYING THE CITIZEN OF UKRAINE

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FEDERAL COMMUNICATIONS COMMISSION (FCC) EXPANDS LIST OF COMMUNICATIONS EQUIPMENT AND SERVICES THAT POSE A THREAT TO NATIONAL SECURITY

The Federal Communications Commission’s Public Safety and Homeland Security Bureau added equipment and services from three entities – AO Kaspersky Lab, China Telecom (Americas) Corp, and China Mobile International USA Inc. – to its list of communications equipment and services that have been deemed a threat to national security, consistent with requirements in the Secure and Trusted Communications Networks Act of 2019.

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New provisions of the Polish Code of Civil Procedure and return of the child under the Hague Convention

Current legislation

The Convention on the Civil Aspects of International Child Abduction, signed at The Hague on 25 October 1980, known as the Hague Convention of 1980, is an international agreement of which Poland is a party. It was concluded in order to ensure the immediate return of children wrongfully abducted or detained in one of the States, which are parties to that agreement and to ensure the respect for custody and visitation rights specified by the legislation of those States. Pursuant to Article 5691 of the Code of Civil Procedure, the local jurisdiction for applications under the Hague Convention of 1980 is the regional court in the locality of the court of appeal with jurisdiction over the place of residence or stay of the child. The time limit for the court to give its decision is 6 weeks from the date of the application. Abduction of a child according to the Convention must be unlawful in order for an application to be brought successfully to the central authority of the State in which the child is present. This authority, according to the Convention, is competent to hear the application.

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Poland records big demand for Ukrainian workers

Refugees from Ukraine are starting to enter Polish labor market, which is suffering from a labor deficit. Employment agencies speak of a real boom in their services. There is already a recorded interest of 60% higher level in work enquiries comparing to the same period last year.

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