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
|Country||Poland , applies nationwide|
|Time period||Temporary, 24 July 2020 – 23 July 2023|
|Type||Legislations or other statutory regulations|
Promoting the economic, labour market and social recovery
|Author||Jan Czarzasty (Warsaw School of Economics) and Eurofound|
|Measure added||16 July 2020 (updated 07 September 2020)|
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
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.
|Does not apply to workers||
||Does not apply to citizens|
Social partners' role in designing the measure and form of involvement:
|Trade unions||Employers' organisations|
|Form||Not applicable||Not applicable|
Social partners' role in the implementation, monitoring and assessment phase:
They have been informed.
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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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.