Parliament adopts legislation concerning the control of investments in strategic sectors

On 24 July the Parliament of Poland adopted the "Act of 24 July 2015 on the control of certain investments". Under the law, any investor planning to buy a stake of 20 percent or higher in a so-called strategic Polish company will need approval from the Ministry of State Treasury. In particular, the Ministry of State Treasury will be able to block investors from buying major stakes in companies regarded as important for national security, in industries such as power generation, gas storage, chemicals and telecoms. The detailed list of affected companies will be issued by the Polish Government in the future.

• Type:

  • Entry and establishment (Ownership and control)

• Industry:

  • Not industry specific

• Sources:

  • Reuters & Clifford Chance law firm note, Poland can block takeovers of strategic companies under new law, http://www.reuters.com/article/2015/07/28/poland-investment-idUSL5N1081ZN20150728, 28 Jul 2015