Central Register of Debtors and Insolvencies in Poland – implementation of Regulation 2015/848
The deadline for the implementation of the duty by Poland for the purposes of e-Justice system of the obligations under the Regulation 2015/848 of the European Parliament and of the Council of 20 May 2015 on insolvency proceedings was in principle the year 2018. Currently there functions the centralized Register of Debtors, but the register is still not fully functionable. The specific Act of law that implemented the provisions of the Regulation is the Act of December 6, 2018 on the National Register of Debtors (consolidated text: Journal of Laws of 2021, item 1909, as amended).
Projects related to the PRS sector (Private Rental Sector) are becoming more and more popular. PRS is an organized form of leasing run by specialized entities for which apartment rental is the main area of business activity.
These companies rent, among others: to a person or persons interested in purchasing real estate, after paying a specified percentage of the real estate value. Depending on the company offering such solutions, the lease length ranges from 2 to 5 years, during which interested entities rent the apartment, for example for 70% of the market rental rate (with an own payment of 30% of the property amount). So, with an own payment of 50% of the property value, the monthly rent of PLN 4,000 will theoretically be reduced to only PLN 2,000 per month.
The Polish Ministry of Finance plans to introduce a global minimum tax for entities belonging to international and domestic groups – according to the draft law included in the list of legislative and program works of the Council of Ministers. The global minimum tax system is to be based on three types of equalization tax.
Global minimum tax – draft law of the Ministry of Finance
The introduction of a global minimum tax is assumed in the draft act on equalization taxation of entities belonging to international and domestic groups, prepared by the Ministry of Finance, which is to be adopted by the government in the third quarter of 2024.
On 28 February 2024 KIELTYKA GLADKOWSKI KG LEGAL participated in the workshop on Investments outlook in the crypto markets. The workshop was devoted to practical aspects of investments in crypto entities, fintech, crypto market perspectives and risks.
Investments and fundraising strategies in crypto are highly unique. The panel thus aimed to address the complexities and evolving nature of this market. The speakers were Marc de Kloe of Theta Capital, an LP to numerous major crypto VC funds and Matt Walsh, an investor whose firm manages around $240 million.
