newtech.law - legal aspects of new technologies

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.

The Act of 28 November 2014 Amending the Payment Services Act went into force on 29 January 2015.

Amendments to the Higher Education Law went into effect on 1 October 2014. Among a number of major modifications to the existing operating model for Polish universities, there are new rules for commercialisation of results of research and development and related knowhow.

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.

The Act of 29 August 2014 Amending the Corporate Income Tax Act, the Personal Income Tax Act and Certain Other Acts went into force on 1 January 2015.