Polish holding company law bill submitted to public consultation

On 5 August this year the Ministry of State Assets published a bill amending the Act - Commercial Companies Code. In response to the uncertainties related to the functioning of groups of companies in Polish trade, the bill proposes to regulate the holding company law, strengthen the position of supervisory boards and reformulate the principle of the management board members’ liability for damage caused to a company. The bill is currently under public consultation, which is due to end in the second half of September. Below we summarize the most important proposed changes.