Publication date: February 23, 2026
Labor law, as it regulates one of the key aspects of life, which is performing work in order to obtain funds ensuring a decent living, is one of the most important branches of law. As such, it must be constantly amended to adapt to the dynamically changing reality of life.
Publication date: February 2, 2026
The valuation of assets and liabilities is one of the fundamental mechanisms of financial accounting, determining the recognition of economic events in financial statements. Through the valuation process, economic events are translated into measurable monetary terms, enabling the preparation of a balance sheet, profit and loss account, and other elements of a financial statement. Both the Polish Accounting Act and international financial reporting standards are based on the assumption that there is no single universal valuation method. The accounting system allows for the use of diverse valuation bases, depending on the type of asset, its purpose, and the expected realization of future economic benefits or liabilities. This leads to a mixed valuation model, in which cost-based and market-based solutions coexist. Against this backdrop, changes in international accounting regulations, including the annual amendments to IFRS and IAS effective from 2026 and the introduction of the new IFRS 18 standard, are particularly significant. Although these regulations do not directly change the basis for the valuation of assets and liabilities, they do impact the presentation and disclosure of the effects of adopted valuation decisions. The purpose of this article is to discuss the principles of valuation of assets and liabilities in accounting, taking into account the regulations of the Accounting Act and international financial reporting standards, as well as to present the significance of the changes in force from 2026 for financial reporting.
Publication date: January 28, 2026
The trade in works of art poses many practical legal challenges. This stems from the fact that numerous provisions, scattered across various legal acts, apply. To gain a thorough understanding of art trade law, one must be familiar with the following regulations:
Publication date: January 23, 2026
In the face of dynamic changes in the labor market and the growing legal awareness of employees, the proper conduct of the dismissal process is becoming one of the key challenges for human resources departments and management staff.
Termination and expiration of the contract
First, it is important to distinguish between two basic procedures for terminating an employment relationship, which are often confused in practice, leading to procedural errors. Although both termination and expiration of a contract lead to the end of employment, their legal nature is different. Termination of an employment contract is the result of a declaration of intent by one or both parties to the employment relationship. This requires active action, such as submitting a written document or proposing an agreement. Expiration of a contract, on the other hand, occurs by operation of law in strictly defined situations, regardless of the parties’ will.
Publication date: January 21, 2026
Business concentrations are common and significant phenomena that constitute a part of modern economic activity. They include takeovers, mergers, the acquisition of assets, and even the creation of joint ventures. Their primary goal is typically to develop companies and increase competitiveness and efficiency. They can also lead to a restriction of market competition. Therefore, the legislature has introduced the obligation to notify the President of the Office of Competition and Consumer Protection (UOKiK) of any intended concentration in cases where it may affect competition conditions in Poland. This article will discuss when an enterprise must notify the President of the Office of Competition and Consumer Protection (UOKiK), what information should be included, and the procedure conducted by the President of the UOKiK.
