Uncertainty of a guarantee as an independent debt obligation

Under current law, obligations of a guarantor towards a creditor under guarantee do not depend on obligations of the debtor […] Read more »

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Elimination of the reserve capital requirement for private limited companies – a good opportunity for distributing dividends

Since 2011, contributing to a reserve capital is no longer an obligation for private limited companies. However, it was not […] Read more »

Posted in Corporate and Commercial | Comments closed

Option of raising capital from a pension fund

According to a report published by the Financial Supervision Authority in the summer of 2011, the total value of pension […] Read more »

Posted in Banking and Finance, Capital Markets | Comments closed

Changes in European regulation of markets in financial instruments

On 20 October 2011, the European Commission adopted a proposal on amending the Markets in Financial Instruments Directive (MiFID). This […] Read more »

Posted in Banking and Finance | Comments closed