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Changes made to Polish sanctions regime

18/08/2022

On 5 August 2022, Poland passed a law amending the Polish Sanctions Act and the Act on the National Fiscal Administration. This law provides for two important changes: (i) the possibility of establishing a temporary receivership for an entity subject to sanctions; and (ii) the possibility for the State Treasury to take ownership of financial resources, funds or economic resources belonging to the entity subject to sanctions. Today, the law came into force.

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Authors

Portrait of
Patrycja Sikorska-Tuğcu
Ewa Swiderska