Clifford Chance

Client Briefing – Draft for new Act on Bonds

31 March 2014

The Polish Ministry of Finance ("MoF") has drawn up a draft for a new Act on Bonds, a result of the latest stage of work on new legislation to regulate bonds in Polish law. The basic legislative principles which are defined for the time being in the legislative draft of 3 December 2013, which is the subject matter of this Client Briefing, might change considerably, however, because work on the act is still at the ministerial stage. If the act goes before the lower chamber of Polish parliament (Sejm) and is not the subject of prolonged debate, the new Act on Bonds could be enacted in the latter half of 2014, which would mean it would come into force in the first half of 2015.

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