KG LEGAL HAS BEEN INVITED FOR EXPERT CONSULTATIONS FOR REUTERS EVENTS – PART OF REUTERS NEWS AGENCY
The lawyers of KIELTYKA GLADKOWSKI KG LEGAL will provide consultations for the purposes of research on market access trends, challenges and disruptors in European pharmaceuticals. KG Legal will provide information based on experience of legal counselling in Poland in cross border cases, mostly for pharma and biotech industry in regulatory matters. Poland has the market in which pharmaceutical sector has to adjust to a wide scope of changes triggered by not only the pandemic. The technological progress indicates new legal challenges for the legality of ITC solutions and data processing in med and pharma entities.
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The President of the Polish Office for the Protection of Competition and Consumers issued two decisions concerning agreements limiting competition between truck dealers.
The two decisions issued relate to collusion by DAF car dealers. In the first case, the President of the Office for Competition and Consumer Protection (Polish: UOKiK) found that five companies: DBK of Olsztyn, ESA Trucks Polska of Komorniki (Wielkopolskie Voivodeship), TB Truck & Trailer Serwis of Wolica (Mazowieckie Voivodeship), Van Tilburg-Bastianen Groep of Breda, the Netherlands, and WTC of Długołęka (Dolnośląskie Voivodeship) had entered into an agreement restricting competition. Entrepreneurs have divided the market among themselves. Together they agreed that each would sell DAF trucks in a specific area and not compete for customers in other parts of Poland. They also exchanged pricing information. In the case of four companies (excluding ESA Trucks Poland), the arrangements also concerned the exchange of information on bids submitted in tenders.
HOW DID THE CARTEL WORK?
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HOW TO RECOGNIZE A PYRAMID SCHEME?
Pyramid promotional schemes involve consumers being persuaded to participate in a “project” in exchange for the promise of remuneration or other benefits, which depend primarily on bringing more people into the scheme rather than on the sale or consumption of products. Such schemes most often offer investments in tokens, cryptocurrencies, educational or language packages, apartments, etc.
The scheme of operation of a pyramid scheme is basically as follows: you put money into a supposed investment, you refer other people, and you get paid for introducing them. Your money is not actually invested, it is used to compensate the people who brought you into the system. At the same time, your compensation comes from the contributions of people you have directly and indirectly referred. In this way, it is you, your friends and your friends of friends who are funding a system that is not really investing anything. Therefore, after a period of time, the system has to fail because the money paid in is not invested in any assets and does not make a profit. The money goes to the organizers and the highest position in the chain. The system works as long as the number of people joining and contributing money increases exponentially, which is not sustainable. As a result, the system collapses and the money invested is lost.
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On 26 January 2022 KIELTYKA GLADKOWSKI KG LEGAL will take part in the event organized by Sayari – a venture-backed and founder-led global corporate data provider and commercial intelligence platform. The event will be devoted to unmasking offshore companies with public data in view of the Pandora Papers.
The Pandora Papers vividly illustrate the importance of access to global beneficial ownership data in the fight against financial crime. But beneficial ownership registers remain few and far between, and it is neither sufficient nor practical for AML and compliance teams to rely solely on leaked confidential data. At the same time, a lot can be learnt about offshore companies and the people behind them through legally disclosed public data — if we know where and how to look.
During the class, Sayari’s Vice President of Content Jessica Abell will discuss the offshores, including investigative tips, insights into the intersection of leaked confidential records and public data, and case studies based on the Pandora Papers and other real-life investigations.
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On January 11th 2022 KIELTYKA GLADKOWSKI KG LEGAL participated in The State of American Business 2022: Competition for the Future – an event organized by U.S. Chamber of Commerce. The seminar discussed challenges, disruptions, and opportunities accelerated by the pandemic.
The keynote speakers were Suzanne Clark President and CEO, U.S. Chamber of Commerce, Dr. Albert Bourla Chairman and CEO, Pfizer and Carol B. Tomé CEO, UPS, U.S. Senator Susan Collins (Maine-R), U.S. Senator Jeanne Shaheen (New Hampshire-D).
Due to KIELTYKA GLADKOWSKI law firm’s profile related to corporate law, with emphasis on technology and life sciences the participating team members took advantage of the seminar by gaining practical information for our international clients in relation to the pandemic and the after pandemic situation in the USA business. The information gained during the seminar will be of particular interest for KG Legal’s clients operating in technology and healthcare sector in international shareholding structured in Poland.
https://www.uschamber.com/live/soab?utm_medium=Email&utm_source=SFMC&utm_campaign=&utm_content=
https://events.uschamber.com/SOABTheCompetition?ref=12.1&utm_medium=Email&utm_source=SFMC
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