Amendments to the Commercial Companies Code concerning domestic and cross-border reorganisation processes
18 September 2023
On 15 September 2023, significant changes came into force relating to the process of carrying out domestic and cross-border corporate reorganisations. These apply to Polish companies and limited joint-stock partnerships. In order to implement certain European directives, an amendment to the Commercial Companies Code introduces rules governing cross-border conversions and cross-border demergers of companies. Furthermore, they introduce new solutions to domestic reorganisations such as demerger by separation and a new simplified merger procedure. This may, in practice, streamline corporate reorganisations - both domestic and cross-border.
Clifford Chance
