Work on the new Trade Secrets Directive is approaching the end. One of the most controversial provisions of the proposal concerns information obtained through reverse engineering—examining a product to determine how it was made and how it works.
Author: Krzysztof Wojdyło
A keen and critical observer of new technologies, particularly intrigued by artificial intelligence and blockchain. Creator and head of the New Technologies practice at Wardyński & Partners. Write to the author: krzysztof.wojdylo@wardynski.com.pl
Who is affected by the reduction of interchange fees?
Several regulations setting maximum levels for interchange fees have entered the legal system recently. It is already clear that these regulations are having a major impact on the market, causing some enterprises to revise their business model. An interesting issue from the point of view of the law of new technologies is whether these regulations are technologically neutral, or apply only to a selected group of payment instruments.
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Digitisation of Polish money
Poland’s first clearinghouse for cash-free payments was established in 1990. In 1991 the first payment cards for individual clients were issued in Poland. The history of cash-free trade in this country now goes back over a quarter-century. But one of the key Polish regulations governing money—the Foreign Exchange Law—has not kept pace with the evolution of the forms in which money is used, but remains fixed in times when the dominant form of money was cash. There are many signs that this state of affairs may soon change.
New and planned regulation of investment crowdfunding
New regulations and interpretations will soon have an impact on equity- and debt-based crowdfunding business models.
Investment crowdfunding (understood to mean equity-based and debt-based crowdfunding) currently enjoys great regulatory leeway due to the lack of regulations specifically addressed to the crowdfunding market. But some current and planned regulations may impede its growth. Recent regulatory proposals as well as interpretations could significantly change the current shape of the market, creating both incentives and barriers for participants.
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New road tolls
Intensive work is currently underway in Poland on setting up a new general toll collection system. Poland is also preparing to introduce legislation that will allow the setting up of a European Electronic Toll Service (EETS) for road use. Over the next few months, a legal regime may come into existence in Poland for providing new types of toll collection and settlement services. This is good news for every driver – navigating through toll road sections may become much simpler. Also, businesses should take a close look at the new regulations, because the implementation of EETS will create public procurement opportunities associated with this infrastructure project.