On October 13, 2022, there will enter into force changes to the Polish Commercial Companies Code, which will have influence on corporations operating in Poland, particularly from the perspective of holding law, regulations increasing the powers of supervisory boards and imposing additional obligations on the management boards of capital companies. The changes are introduced by the latest amendment to the Polish Code of Commercial Companies and Partnerships of February 9, 2022, published on April 12 in the Journal of Laws (Journal of Laws, item 807).
The changes contained in the amendment are important both for the owners of entities (shareholders), as well as for members of supervisory boards and members of management boards.
Activities in the area of Risk Management and Compliance have recently assumed exceptional importance. This is due not only to internal company regulations, but also to the constantly tightening regulations on transactions with related parties, including those from tax havens or from outside the EU, control of final beneficiaries or the obligation to verify the credibility of the counterparty. Not only for the purposes of security of receipt of payment, but also to ensure that VAT is correctly accounted for.
We are entering 2022 by fighting on at least two fronts: the still present pandemic and sanctions disrupting the current global economy. This could not but have had an impact on the international investment market, which is now facing a difficult challenge.
For many years, the world’s most popular emerging markets have been the so-called BRICS: Brazil, Russia, India, China and South Africa. But given that Russia is no longer a market that Westerners can access following the invasion of Ukraine, it might be time for investors to stop lumping all of the emerging markets together.
As world leaders endorse climate goals like reaching net-zero greenhouse-gas emissions within the next 30 years, companies are pushing to move their projects from research and development to commercial phases. The net-zero objective—balancing emissions produced and emissions removed from the atmosphere—has spurred growth in the business of sustainable energy, which generates fewer emissions than fossil fuels. Some of these possibilities, like satellites that can wirelessly beam down solar energy from orbit, remain experimental, while others, like underwater turbines that harness tidal movements, have progressed from prototypes to commercial demonstrations. What are the newest developments in generating power from the sun, water, air and Earth?
Small nuclear reactors (SMR) are units with a capacity of up to about 300 MW, and countries such as Canada, the United States, Great Britain and France invest in them. The technology has been known for many years, but it is controversial. There are three such units in Russia in the world, models manufactured in the USA and Canada are at the stage of obtaining a license. Micro and small nuclear power plants have already been used in submarines and ships in the past. It is estimated that they can become an alternative to large nuclear power plants. They can be used to create energy complexes, the construction time is short (they are delivered to the site of operation). If they prove to be competitively priced, they can become an additional, emission-free source of electricity.
Synthos Green Energy- a pioneer of nuclear change in Poland