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Regulation of the European Parliament and of the Council on harmonised rules on fair access to and use of data (Data Act) entered into force on 11 January 2024, and it will become applicable in September 2025. Entrepreneurs therefore still have 19 months to prepare for the changes. What changes does the new EU regulation provide for?

CK Legal Chabasiewicz Kowalska has advised NewConnect-listed Telemedycyna Polska on its public offering of Series E shares and their registration in the National Depository for Securities. 

In the recent years, the Polish retail properties market went through a difficult period. The coronavirus pandemic and the related social restrictions had a major impact on the financial results of shopping malls. In addition to that, the changing consumer behaviors contributed to a massive increase in online sales. However, the years 2022 and 2023 brought a gradual improvement of the situation on the retail market and, consequently, of the overall climate for investing in real property. Furthermore, alternatives to large shopping malls, i.e. smaller retail parks, have been enjoying growing popularity on the market for several years now; these are often located closer to residential areas and in smaller cities. This sector has been growing dynamically in terms of both volume and the share in the entire retail market in Poland.

For many years it has been clear for Polish entrepreneurs that there is no simple legal answer to their strong need to secure their family assets, and above all their family businesses, for future succession. Due to the lack of appropriate instruments in the Polish legal system, many national entrepreneurs were forced to use the legal institutions of other jurisdictions. This solution was highly uncomfortable because of the differences in legal regimes and foreign legal requirements that did not entirely meet the needs of domestic entrepreneurs.

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