Background information

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

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)