Clifford Chance
Comprehensive amendment of the Commercial Companies Code
30 May 2022
On 12 April 2022, the new legislation (the "Amendment") was published significantly amending the Commercial Companies Code (the "Commercial Code").
The Amendment will enter into force on 13 October 2022. This is the largest amendment to the Commercial Code in 20 years and includes:
• the introduction of a regulated group concept and related holding company law,
• changes in the rules regarding the liability of members of the management board,
• a reform of corporate governance regulation to apply to Polish companies; and
• clarification of the method of calculating the term of office of a company's corporate bodies.
