The current pandemic has a significant impact on commercial activity, the parties of agreements for a variety of reasons encounter difficulties fulfilling their obligations, keeping deadlines, providing workers. Given the situation we recommend familiarizing oneself with three institutions which in the near future may affect your relationships with clients and contractors: the force majeure clause, the fault principle and the rebus sic stantibus rule, that is the extraordinary change of circumstances.
The Act of 2 March 2020 on special arrangements for preventing, preventing and combating COVID-19, other infectious diseases and crisis situations caused by them (hereinafter referred to as 'Special Law'), introduced into the Polish legal order measures and regulations of an emergency nature, the common aim of which is to define the principles and modalities for preventing and combating SARS-CoV-2 infection and for combating the spread of disease caused by that virus, including the principles and modalities for taking anti-epidemic and preventive action to inactivate the sources of infection and to intersect the routes of spread of that infectious disease.
The announcement of an epidemiological emergency on the territory of Poland prompted the Polish government to develop special solutions to support the economy.
During the press conference, the President of Poland and the Prime Minister, following the meeting of the Cabinet Council, announced an outline of package of support actions for the society and entrepreneurs referred to as “Anti-crisis Shield”.
The Social Insurance Institution (ZUS) enables entrepreneurs who, due to the coronavirus epidemic, may have issues with paying their ongoing contributions to take advantage of the possibilities under de minimis public aid.
The National Bank of Poland (NBP) and the Monetary Policy Council (MPC) reacted to the worsening situation of enterprises, the risk of loss of liquidity and the emergence of extraordinary needs of the state budget in connection with the epidemic.
Considering the extraordinary and unpredicted situation related to COVID-19 pandemic, we would like to present you with this informative note drawn up from perspective of Polish law, which contains an indication of the most important issues that cannot be forgotten in running a business today.