Simplified Joint-Stock Company: Polish Legal System Gets a New Company Type

    View Author August 2019

    On August 2, 2019 the Polish President signed into law the act amending the Commercial Companies Code, thus introducing to the Polish legal system a new company type – a Simplified Joint-Stock Company (PSA). It is the answer to the postulates of the start-up environment, which believed that the Polish system had lacked a legal form facilitating cost-effcient and flexible innovative operations and investments in new technologies. The act will enter into force on March 1, 2020.

    The Polish version of this alert is also available to view online.