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What is the legal definition of the related company in Poland?

In accordance with article 4 paragraph 1 item 5 of the Polish Code of Commercial Companies a related company is a company in which another commercial company or cooperative holds, directly or indirectly, at least 20 per cent of the votes in the meeting of shareholders or the general meeting, also in the capacity of a pledgee or usufructuary, or under agreements with other persons, or which holds directly or indirectly at least 20 per cent of the shares in another company.

 


legal status as of: 25.11.2013

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