Tag: Company law

05
Aug

How to end your business in Poland?

If we come to the conclusion that there is no point in continuing to do business, then liquidation proceedings should be carried out. The shareholders’ meeting takes place at the notary public, where the decision is made to dissolve the company and appoint its liquidator.
The liquidator of the company may be someone from the company’s former management board or any person indicated by the management board. It is safer to employ people with knowledge of the liquidation proceedings.

The conditions for bankruptcy law are already crucial in the liquidation process. It may turn out that after opening the liquidation process of the company, it turns out that we have at least two creditors and overdue receivables exceed three months, then we have 30 days to file for bankruptcy, despite the fact that the company is in liquidation. Finally, after 6 months from the date of announcement of the company’s liquidation in the Court and Economic Monitor, the meeting of shareholders may decide to remove the company from the National Court Register.

16
Jul

Main relevant issues related to the Bitcoin cryptocurrency.

Bitcoin is a form of digital currency, created and stored electronically. Established in 2009, by its creator Mr. Satoshi Nakamoto. It was the first virtual payment method of this type in the world. Thanks to several important features, it is one of the largest financial innovations of recent years.

At the moment, due to the lack of bank intermediation in funds transfer, bitcoin is considered by many investors as a cheaper alternative, especially for larger amounts.

Two other important features of cryptocurrencies payment system are definetely security and anonymity. Information on transactions carried out using bitcoin is encrypted using a technology called “blockchain”. At the moment, its mode of operation and continuous verification seems to be virtually unbreakable. Creating an account in this cryptocurrency has no formal conditions and the accounts are anonymous. The only thing the user receives to the invoice is a 54-character login and password.

A huge advantages of this payment method are also the speed and ease in making the transfers online. In the process of transferring funds, the distance to the place where we send the money does not matter and the transaction is carried out without intermediaries. Bitcoin transfers have no restrictions in the form of weekdays or holidays, we can send funds 24 hours a day, 7 days a week. Transactions are approved almost every 10 minutes.

In comparison to traditional banks that have a centralized database system, information about the status of bitcoin accounts is simultaneously found in many places on earth in the same form. That makes it definetely more secure.

These factors as much as the fact that according to the assumptions, a limited amount of 21,000,000 bitcoins will be created by 2140 have largely influenced the popularity of bitcoin, which is reflected in its market value. At present, approximately 16,500,000 bitcoins have already been circulated, and the pace at which others will hit the market will slow down.

18
Apr

The EP supported laws prohibiting the sale of double-quality products.

The European Parliament in Strasbourg on Wednesday supported laws prohibiting the sale of quality products. The new regulations were approved by the House with 474 votes in favor, 163 against and 14 abstentions.Continue Reading..

11
Sep

An employee may or may not agree to have his or her salary transferred to a bank account.

The employer can not require the employee to set up a bank account for the payroll. Insisting on it, breaks the law. Then the injured person can report the case to the National Labour Inspectorate and apply for compensation. In exceptional situations, the boss can even be punished for his persistence.

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29
Aug

Posted employees in the EU countries.

The freedom to provide services entails the right of traders to provide services in another Member State. This can consist in self-service by a self-employed person or on temporary assignment of employees. The principle of free movement of workers provides protection against discrimination in terms of employment, remuneration and other conditions of work and employment compared to nationals of that Member State.

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10
Apr

Company law

Company law is the law which deals with the creation and regulation of business entities. The most common forms of business entity are companies and partnerships.

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