Publication date: May 05, 2025
The purpose of the information obligations imposed on companies listed on stock exchanges is to influence transparency, clarity and security regarding the regulated market. The above features are to influence investor trust in individual entities, therefore the information obligations of companies are of fundamental importance and the meticulous fulfillment of the imposed obligations may affect the quotations of individual issuers. Public disclosure of confidential information also affects the equality of investors, who, having the same information about entities listed on the stock exchange, can freely make a decision regarding the investment of capital, taking into account the possible investment risk.
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Publication date: May 05, 2025
EU and Polish regulations – practical aspects
The problem of conflict of legal interests in the context of capital market activity concerns the difficult balance between two fundamental obligations, which are provided for by separate legal regulations. The first of these obligations is the obligation to maintain professional secrecy, which includes the protection of confidential information, which is an important element of regulations concerning brokerage, advisory and financial institution operations. According to the provisions of capital market law, confidential information is such data that can significantly affect the price of financial instruments, and its disclosure or unauthorized use can lead to serious violations of the principles of fair trading on the financial market, as well as expose financial institutions and their clients to huge losses.
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Publication date: May 05, 2025
The issue of securities is one of the key elements of the functioning of the capital market. Thanks to it, companies can obtain funds for development, and investors gain the opportunity to invest capital. However, in order to ensure transparency and protect market participants, European Union legislation and national regulations impose specific requirements regarding the publication of information about issues. The key document that serves to achieve this goal is the issue prospectus. Depending on the nature of the issue, it is also possible to use a simplified prospectus, and in certain situations the law provides for the possibility of conducting a non-prospectus issue.
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Publication date: April 29, 2025
KIELTYKA GLADKOWSKI KG LEGAL is proud to have contributed the Polish chapter for the Legal500 Data Protection and Cybersecurity Guide 2025. We have focused on practical aspects of new regulations currently being implemented in Poland within cybersecurity as well as personal and non-personal data and how new regulations will impact entrepreneurs in most crucial sectors like technology, payment services, healthcare, energy, e-commerce.
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Publication date: April 29, 2025
Surreptitious advertising is a form of hidden promotion in which the advertising message is incorporated into editorial content, programs or social media posts without any clear indication that they are commercial in nature. When a famous person publishes a photo promoting a product or service for which they receive remuneration, but does not inform about the commercial nature of this content, it is covert advertising. Such practice can mislead the consumer, as they are not aware that the creator’s opinion is not entirely objective and they may be biased due to the fact that they received remuneration for the product review.
In the context of influencer marketing, this refers to a situation in which an influencer promotes products or services without clearly indicating that it is an advertisement, which may mislead recipients as to the nature of the content.
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