On September 7 the government accepted the draft act on the amendment to the act on putting on the market and privatization. Next, the draft will be directed for discussion in the Parliament. The proposed changes refer to among other things increased usage of the most effective, in the government’s opinion, course of privatization of enterprises with shares held by the State Treasury, i.e. publicly announced bid. The propositions include also a waiver of the limitation i.e. the necessity to determine the asking price on the level no lower than the estimation by the books. The reason of waiver of such determination of the price is that the estimation by the books does not, in the financial sense, correspond to the current and actual value of the company.

Contact person: Mirosław Stefanik, ms@pnplaw.pl