Law Library: The SAXINGER Legal Glossary
Key Legal Terms Explained Clearly and Simply
Capital company
What is a capital company? Within the meaning of the Polish Commercial Companies Code, capital...
Commercial partnership
What is a commercial partnership? Under the Polish Commercial Companies Code, commercial...
Convertible bonds
What are convertible bonds? Convertible bonds are bonds that entitle the bondholder to subscribe...
Equity
What is equity? Equity is a balance-sheet category corresponding, as a rule, to an entity’s net...
General meeting
What is a general meeting? The general meeting is a mandatory corporate body of a joint-stock...
General partnership
What is a general partnership? A general partnership (spółka jawna) is the basic form of a...
Joint-stock company
What is a joint-stock company? A joint-stock company is a capital company whose share capital...
Limited liability company
What is a limited liability company? A limited liability company is a capital company and acquires...
Limited partnership
What is a limited partnership? A limited partnership is a commercial partnership operating under...
Merger of companies
What is a merger of companies? A merger may be effected by acquisition or by formation of a new...
Natural person
Natural person – definition Every human being has legal capacity from birth and is treated by law...
Negative equity
What is negative equity? Negative equity arises where, as a result of incurred and uncovered...
Pledge
What is a pledge? Under Polish law, a pledge is a limited property right used to secure a claim...
Prohibition on the return of contributions
What is the prohibition on the return of contributions? As a rule, during the existence of a Polish...
Restrictions on the transferability of shares and interests (so-called winkulacja)
What is a restriction on the transferability of shares/interests (so-called winkulacja)? In Polish...
Share
What is a share? Under Polish law, a share in a joint-stock company represents a unit of...