The Polish Council of Ministers adopted the draft law on family foundations, submitted by the Minister of Development and Technology.
Who can set up a family foundation?
In Poland, nearly 830,000 of enterprises are family businesses that generate annual revenue of PLN 322 billion. Many of them face, or will face in the near future, the need to transfer their assets to legal successors. A large number of companies also intend to carry out succession, which will allow them to manage their assets in a multi-generational perspective.
In order to effectively carry out the succession, entrepreneurs must have successors who will be able and willing to continue running the business, or at least perform ownership functions in it, entrusting management to a professional management board. Therefore, the Polish government has prepared tools that will allow to build organizational structures that ensure the continuation of business and protection of assets – in a perspective longer than one generation – without the need for personal involvement of legal successors in running a business.
KIELTYKA GLADKOWSKI takes part in Webinar: Interactive Fireside Chat: Advanced Crypto Trading Strategies, on 8 December 2022
The topics that will be discussed will cover:
Investing and trading cryptocurrencies: Which coins offer the best risk/reward?
Advanced Crypto Trading Strategies based on Game Theory Optimal Solution
Do trend following strategies work for cryptocurrencies?
How can artificial intelligence be used to trade crypto?
The speakers will include: Hilbert Co-Founders Magnus Holm (Ph.D. in String Theory and seasoned crypto trader) and Niclas Sandstrom (hedge fund veteran Ph.D. in Theoretical Physics) and Hans-Peter Bermin (Ph.D. in Math Finance and former head of rates modelling at JP Morgan and Morgan Stanley).
The current Polish regulations contained in the Act of February 20, 2015 on renewable energy sources (Journal of Laws 2020, item 261, as amended) (hereinafter: the “RES Act”) do not ensure the effective development of renewable energy sources (hereinafter: “RES”), in areas covered by the draft regulations.
In particular, the prepared draft Act aims to transpose Directive (EU) 2018/2001 of the European Parliament and of the Council of December 11, 2018 on the promotion of the use of energy from renewable sources (Journal of Laws EU No. L 328, of December 21, 2018), hereinafter referred to as “RED II”, “RED II” or Directive 2018/2001.
One might venture to say that no matter where you were on the Earth, you would most likely have a problem with your energy source and electricity. If you were lucky enough to have it, it would probably be too pricy, harmful to the environment, or unstable. As a society, we face a myriad of problems linked to energy and its distribution, e.g. climate change, energy transition, inequality in distribution, blackouts and political abuse. Nowadays, as the whole World is on a verge of an energy crisis, these problems and questions strike even more.
Currently businesses are not only expected to make profit and grow on a financial level but also to contribute to the positive change in the society and to take responsibility and improve the impact on the environment. The main principle that helps investors to meet those requirements is sustainability. In the social – environmental context it refers to the support of human and ecological well-being, health, and vitality over time and in the corporate context, it refers to the ability of an entity to consistently create and protect value over the long-term.
One of the practices that focuses on benefiting the society and the natural environment is called sustainable investment. Sustainable investing seeks to achieve the dual goals of creating both financial returns and positive social and/or environmental impact. The main principle of sustainable investing is to make capital allocation decisions based on socially responsible and ethical strategies. It can fall into a multitude of categories, including improving access to quality education, clean energy, gender and racial equality, the sustainability of agriculture or food systems, and waste management.