Nowelizacja ustaw: o finansach publicznych i o odpowiedzialności za naruszenie dyscypliny finansów publicznych już opublikowane – ugody mogą być częstsze.

Nowelizacja ustawy z dnia 27 sierpnia 2009 r. o finansach publicznych oraz ustawy z dnia 17 grudnia 2004 r. o odpowiedzialności za naruszenie dyscypliny finansów publicznych wprowadzona ustawą z dnia 7 kwietnia 2017 r. o zmianie niektórych ustaw w celu ułatwienia dochodzenia wierzytelności. Prawidłowe dokonanie oceny i zawarcie na jej podstawie ugody nie stanowi naruszenia dyscypliny finansów publicznych. Bardzo ciekawym i ważnym zagadnieniem jest kwestia ...

Read More


What is the worth of an abstract guarantee (standby letter of credit)?

We learn the worth of an abstract guarantee when we need to enforce it. The theory is simple. An abstract guarantee, also called unconditional, irrevocable and payable upon first demand, is assumed to ensure the highest level of security for transactions. Furthermore, it is usually issued by banks widely proclaiming themselves to be “public confidence institutions”; but in practical terms, leaving guarantors and/or contractors without any means of defence. Are you sure? When helping one of our key Clients to cash a guarantee of a considerable value which was much in ...

Read More


Investment agreement in equity transactions.

The investment agreement is a constitution of relationships between the Investor and the Company or its Originators. Such an agreement gives rise to any other relationships, including provisions in the Company agreement. The majority of the time should be devoted, with the exercise of the greatest care, to the preparation of the investment agreement. Its provisions and, in consequence, the provisions of the Company agreement will govern the future relationships with the Investor for many years as well as his equity investment, his activities within the Company and any ...

Read More