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Eurofound's EU PolicyWatch collates information on the responses of government and social partners to the COVID-19 crisis, the war in Ukraine, rising inflation, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.

Factsheet for measure PL-2020-30/1005 – measures in Poland

Anti-takeover measures

Przepisy antyprzejęciowe

Country Poland , applies nationwide
Time period Temporary, 24 July 2020 – 23 July 2023
Context COVID-19
Type Legislations or other statutory regulations
Category Promoting the economic, labour market and social recovery
– Other
Author Jan Czarzasty (Warsaw School of Economics) and Eurofound
Measure added 16 July 2020 (updated 07 September 2020)

Background information

As a part of the Anti-Crisis Shield (the 4th wave of amendments, passed into legislation on 19 June), temporary control measure have been introduced with a view to protect domestic companies whose capitalization suffered due to the economic turmoil from hostile takeovers by companies based in countries belonging to EU, EEC or OECD.

Ustawa z 19 czerwca 2020 roku o dopłatach do oprocentowania kredytów bankowych udzielanych na zapewnienie płynności finansowej przedsiębiorcom dotkniętym skutkami COVID-19 oraz o zmianie niektórych innych ustaw

Content of measure

As a part of the Anti-Crisis Shield legislation (4th wave of amendments adopted on 19 June), the new regulations concerning large corporate takeovers were introduced. The new regulations authorize the public regulatory body to oversee and approve large capital transactions in companies, affecting significantly their ownership structure.

In particular, acquisition of a significant number of shares (at least 20%) in companies whose revenues in the territory of the Republic of Poland have exceeded the equivalent of €10 million in any of the two financial years preceding the decision of a takeover will have to be approved Office of Competition and Consumer Protection (UOKiK).

The regulations will be in force for two years.

Use of measure

Not available.

Target groups

Workers Businesses Citizens
Does not apply to workers Larger corporations
Does not apply to citizens

Actors and funding

Actors Funding
National government
National funds

Social partners

Social partners' role in designing the measure and form of involvement:

Trade unions Employers' organisations
Role Informed Informed
Form Not applicable Not applicable

Social partners' role in the implementation, monitoring and assessment phase:

  • Unknown
  • Main level of involvement: Unknown

Involvement

They have been informed.

Views and reactions

Unknown.

Sources

  • 23 June 2020: Ustawa z dnia 19 czerwca 2020 r. o dopłatach do oprocentowania kredytów bankowych udzielanych przedsiębiorcom dotkniętym skutkami COVID-19 oraz o uproszczonym postępowaniu o zatwierdzenie układu w związku z wystąpieniem COVID-19 (isap.sejm.gov.pl)

Citation

Eurofound (2020), Anti-takeover measures, measure PL-2020-30/1005 (measures in Poland), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/PL-2020-30_1005.html

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