On 14 July 2022 KIELTYKA GLADKOWSKI KG LEGAL took part in the webinar organised by The International Renewable Energy Agency (IRENA). The webinar covered the topic of critical materials for energy transitioning, particularly focusing on deep-sea mining.
The loan agreement, the subject of which are cryptocurrencies classified as property rights, is not subject to tax on civil law transactions – as was confirmed by the director of the Polish National Tax Information.
The question was asked by the entity considering taking such a loan from an individual or entrepreneur. The enquiring entity explained that the subject of the contract will be a specific amount of cryptocurrency, and the return will be made after the time specified in it. The enquiring entity wanted to make sure that it would not have to pay tax on civil law transactions on such a loan.
On September 21, 2022 KIELTYKA GLADKOWSKI KG LEGAL will take part in Compliance Institute organized by New York City Bar, as its member.
Corporate ethics and compliance responsibilities are becoming increasingly complex. There are increasingly more anti-money laundering provision implemented. As for the US market, the SEC has been busy proposing regulations that significantly increase the compliance burdens on regulated companies on matters ranging from disclosure obligations to cybersecurity. In addition, compliance professionals have had to deal with new and evolving data privacy and cybersecurity laws, in a progressively multi-jurisdictional environment, with a significant portion of the workforce still working remotely due to the COVID-19 pandemic. The application of new and more sophisticated technology, artificial intelligence, and machine learning solutions, and the evolution of digital assets and cryptocurrencies, have also increased the challenges facing compliance officers.
On 7-8th September 2022 KIEŁTYKA GŁADKOWSKI KG LEGAL will be attending the event on Digital Health: Regional Opportunities and Challenges in Lower Austria. Organized under the umbrella of the Vanguard Initiative, along with the East Netherlands and North-East Romania regions, this event is part of the Science meets Regions program funded by the Joint Research Center (JRC).
Organizer of the event
The Vanguard Initiative is a unique alliance that gathers 39 of the most advanced industrial regions in Europe, focused on stimulating industrial innovation and building European value-chains based on complementarities in regional smart specialisation strategies. By connecting innovation ecosystems and sharing knowledge and facilities across its member regions, the Vanguard Initiative facilitates interregional collaboration, stimulates interregional innovation investments, strengthens open innovation, and speeds up the introduction and market-uptake of new products and innovations in Europe.
Most often, in economic terms, it is assumed that the hedge fund is an investment company. It manages a portfolio of securities available in public offerings, using leverage as well as derivatives. Hedge funds are among the riskiest investment funds.
Fund managers take long and short positions while investing in multiple financial instruments. A characteristic feature of a hedge fund is the independence of investment decisions from the general market situation. They generate profits regardless of whether there is a bull or bear market.
In other words, a hedge fund, thanks to its leverage and a variety of investment instruments, can make money even when the stock market declines. While other funds depreciate when declining.
The goal of hedge funds is to use unconventional methods of multiplying capital to reduce the risk of fluctuations in the value of the fund’s shares. Therefore, a hedge fund can earn income regardless of the market situation. The investor must also take into account that the fees charged by the hedge fund managers are calculated on the basis of the profit generated by the fund.
Hedge Fund: Principles of Operation