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Planned amendments to legal acts related to agricultural real properties and companies owning agricultural land

Poland
20/04/2016
Available languages: PL
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On 14 April 2016 the Polish Parliament passed an act suspending the sale of agricultural real properties from the Treasury’s Agricultural Property Stock (in Polish: Zasób Własności Rolnej Skarbu Państwa) with amendments to other acts related to agricultural real properties (“Agricultural Act”). The new law significantly restricts the sale of agricultural land and the sale of shares in companies owning agricultural land.

The Agricultural Act will now be submitted to the President for signing. As the Agricultural Act is to come into force on 30 April 2016 and because it will implement serious restrictions in civil law transactions, we would like to present its key aspects now.

The amendments will have an impact on:

  • the sale of agricultural land provided that the classification of agricultural land is extended and the definition covers real properties that currently are not deemed as agricultural;
  • merger and acquisition transactions of companies owning agricultural land;
  • rules on establishing mortgages on agricultural land;
  • the possibility to acquire agricultural land from the State Treasury.

Attached publication presents only the key aspects of the recent amendments to Polish law. It should not be seen as a basis for making investment decisions of any kind. Should you have specific questions we would be delighted to assist you.

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