Poland

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Recent Articles

  •  
    14/02/2024
    EU

    The EU Parliament and Council reached an agreement on ESG rating

    On 5 February 2024, the European Parliament (the Parliament) and the Council of the European Union (the Council) reached a provisional agreement on the EU Commission's proposal from June 2023 for a regulation governing environmental, social, and governance (ESG) rating activities. This rating aims to offer an assessment of a company's or a financial instrument's sustainability profile, ultimately bolstering investor confidence in sustainable products. ESG ratings' new rules appear as a priority, as they will strengthen the reliability and comparability of ESG ratings and improve the transparency...
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    13/02/2024
    EU

    EU legislative initiatives on recovery and resolution planning for insurance undertakings are taking shape

    With the compromise proposal for an Insurance Recovery and Resolution Directive (IRRD) published by the EU Council in January 2024, EU legislative initiatives to establish a recovery and resolution framework for insurance undertakings are taking shape. The following article has summarised selected aspects concerning Austrian (and potentially other EU) insurers, which - from experience with early stages of the Bank Recovery and Resolution Directive (BRRD) - are of particular interest for group-wide asset liability management and capital planning, collateral management, the product landscape and...
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  •  
    09/02/2024
    Europe

    ESMA reports on impact-washing concerns around funds focused on the United Nations Sustainable Development Goals

    IntroductionOn 1 February 2024, the European Securities and Markets Authority (ESMA) published an article on the efficiency of funds focused on the United Nations Sustainable Development Goals (SDG), in which it questioned the fulfilment of their promises. ESMA’s article defends the importance of this subject, highlighting that the existence of well-known sustainability frameworks such as SDGs in impact claims requires specific attention to ensure that products and strategies aiming at fostering such objectives stand true to their claims.With EUR 74bn in assets under management in September...
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    09/02/2024
    Europe

    A messy affair – IP law meets a cat litter tray in Belgian design court ruling

    Introduction In recent weeks, the CMS Design team has been delving into pan-EU enforcement of Community design rights, as well as the scope of copyright “originality” under EU law. In a timely development, the Community Design courts of Belgium have been doing the same – resulting in a judgment concerning registered designs for cat litter trays (SAVIC NV v PLANA S Proizvodnja in Prodaja and PETSOLUTIONS NV, Case No. A/22/02872). Our London and Brussels offices have teamed up to review this case, which makes some helpful findings on the EU design courts’ jurisdiction...
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  •  
    08/02/2024
    Poland

    Poland enacts regulations to accelerate development of carbon dioxide capture, utilisation and storage technology (CCUS)

    In October 2023, Poland enacted regulations that amend the Geological and Mining Law and the Energy Law, simplify regulations governing previously dormant CCUS technology (carbon dioxide capture, utilisation and storage) and open new possibilities for the use of CCUS in the country.Place of CCUS technology on the marketCCUS technology is regulated at EU level in 2009 by Directive 2009/31/EC of the European Parliament and of the Council on the geological storage of carbon dioxide. This CCS Directive governs the capture of carbon dioxide from appropriate installations, its transport to the storage...
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  •  
    31/01/2024
    Poland

    Poland’s changes to waste management system in line with EU directives

    The recent past has been full of legislative changes regarding waste management, driven by the implementation of environmental and climate protection legislative packages, including the introduction of the ‘Fit for 55’ package. Each of the legislative proposals implements different EU objectives and requirements. In the following article, we take a closer look at the most important regulations changing the waste management system in Poland, which directly concern extended producer responsibility (EPR), single-use plastic packaging (SUP) and the deposit system.SUPThe first of the proposed...
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