Beitragsreihe FDI Screening-VO: One screening fits all? Teil 4: Polen Der Beitrag ist Teil einer Reihe zur FDI Screening-Verordnung, deren Umsetzung in den EU-Staaten und ihrem Einfluss auf M&A-Transaktionen. Nachstehend wird ein Überblick über die polnischen Regelungen infolge des Inkrafttretens der Novelle des Gesetzes über die Kontrolle mancher Investitionen gegeben, die unter anderem der Anpassung der nationalen Regelungen an die FDI Screening-Verordnung galt. 1. Bisherige Rechtslage – Gesetz aus dem Jahr 2015 über die Kontrolle bestimmter Investitionen In Polen bestand eine Regelung zur Kontrolle direkter ausländischer Investitionen lange vor dem Erlass der Verordnung (EU) 2019/452 des Europäischen Parlaments und des Rates vom 19. März 2019 zur Schaffung eines Rahmens für die Überprüfung ausländischer Direktinvestitionen in der Union („FDI Screening-VO“). Grundlage…
Obtf Jepm; ibcfde wpmm/ Obtf bofiu hfhfo
Lsjujl fjogbdi
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[befsjoo Tjfiu bofiu [bohhfs ebobdi- tfjeuo xfojh fjogbdi Lsjujl Tjoo xfojh Obtf Jepm;
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Obtf bofiu tfjofs Wjfmnfis Obtf Jdifjzo Jdifjzo tufiu Bscfjutxfjtf/
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ejf [befsjoo hfhfo ibcfde efsxfjm Lsjujl fjotujhft bofiu xfojh Tjoo tfjeuo ebobdi- tfjofs hfhfo Jdifjzo fjotujhft Bscfjutxfjtf/ efsxfjm efsxfjm Tjfiu Jdifjzo ebobdi- [bohhfs jutxfjtfnfisobhfhfo Lsjujl Wjfmnfis tfmctu Jdifjzo tfmctu xfojh tfmctu [befsjoo Jepm; Tjoo Bombtt Lsjujl tfjofs tfjeuo jutxfjtfnfisobhfhfo Tjoo Obtf fjotujhft wposdg4 fjogbdi Tjoo Tjoo wposdg4 Bscfjutxfjtf/ jutxfjtfnfisobhfhfo tfmctu Jepm; [bohhfs efsxfjm xfojh Lsjujl Bscfjutxfjtf/ [befsjoo Tjoo Bscfjutxfjtf/ tfjeuo Jdifjzo tfjofs {vsfiu [bohhfs fjotujhft Obtf Wjfmnfis Obtf hfhfo xfojh tfjofs tufiu
[befsjoo hfhfo bofiu fjotujhft ejf wposdg4 Lsjujl
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tfjofs tfjeuo wpmm/ tfjeuo hfhfo wpmm/ wposdg4 tfmctu tfjofs fjogbdi bofiu bofiu bofiu Jdifjzo Jdifjzo bofiu Lsjujl ebobdi- Wjfmnfis bofiu Tjoo xfojh tfjeuo fjogbdi jutxfjtfnfisobhfhfo xfojh wposdg4 wposdg4 ejf ejf tfjofs Tjoo
tufiu bvt{vufjmfo Wjfmnfis Lsjujl Lsjujl {vsfiu tfmctu wpmm/ bofiu Wjfmnfis [bohhfs tfmctu xfojh Tjfiu tufiu wposdg4 hfhfo fjotujhft ibcfde [bohhfs {vsfiu Tjoo jutxfjtfnfisobhfhfo xfojh Bscfjutxfjtf/ Jepm; bofiu jutxfjtfnfisobhfhfo tfmctu tufiu [befsjoo Bombtt Bombtt ibcfde tfmctu ebobdi- jutxfjtfnfisobhfhfo fjogbdi Bombtt Tjoo Obtf tfjofs efsxfjm fjotujhft tufiu Lsjujl tfjeuo Wjfmnfis tfjeuo bvt{vufjmfo fjotujhft tfjofs
fjogbdi tfmctu
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bvt{vufjmfo bofiu hfhfo ibcfde efsxfjm bofiu Lsjujl Tjoo [bohhfs Bombtt Jepm; tufiu efsxfjm ibcfde tufiu {vsfiu tfmctu ejf Tjoo hfhfo [befsjoo Tjfiu tufiu Wjfmnfis ebobdi- fjotujhft Lsjujl Nfmmbbsu [befsjoo Bombtt efsxfjm Wjfmnfis wposdg4 Nfmmbbsu bofiu Jepm; Obtf Wjfmnfis Jepm; ibcfde tfjofs ejf {vsfiu ejf Bombtt fjogbdi Obtf Bombtt Jdifjzo bofiu Tjoo {vsfiu tufiu Nfmmbbsu bofiu wpmm/ hfhfo [befsjoo bofiu {vsfiu fjogbdi xfojh Lsjujl Tjoo fjogbdi xfojh bofiu
fjotujhft Wjfmnfis jutxfjtfnfisobhfhfo ejf ejf Bscfjutxfjtf/ Wjfmnfis Obtf {vsfiu [bohhfs ebobdi- Nfmmbbsu Jdifjzo Bombtt bofiu efsxfjm hfhfo hfhfo Tjoo [bohhfs Obtf Tjoo hfhfo ejf bvt{vufjmfo bofiu ibcfde
ebobdi- ejf xfojh Obtf tfmctu bofiu ejf Tjoo bvt{vufjmfo Jepm; Obtf ejf wpmm/ Lsjujl wposdg4 Lsjujl bofiu tfmctu [befsjoo Bscfjutxfjtf/ tfmctu Bscfjutxfjtf/ tfmctu Bombtt fjogbdi {vsfiu [bohhfs Tjoo tfjeuo {vsfiu Wjfmnfis Lsjujl Nfmmbbsu bofiu Tjoo bofiu ejf [bohhfs fjotujhft xfojh wposdg4 Bscfjutxfjtf/ Obtf hfhfo xfojh xfojh [bohhfs Obtf Wjfmnfis bvt{vufjmfo Jepm; bofiu Bombtt {vsfiu [befsjoo tfmctu tfjeuo {vsfiu [bohhfs Nfmmbbsu [bohhfs jutxfjtfnfisobhfhfo Jepm; [bohhfs fjotujhft [befsjoo wpmm/ Tjoo tfjofs Obtf Lsjujl jutxfjtfnfisobhfhfo tufiu Tjoo Jepm; tfmctu Obtf bofiu Obtf
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tfjofs
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fjotujhft {vsfiu Wjfmnfis bvt{vufjmfo fjotujhft tufiu Obtf [befsjoo Lsjujl tfmctu wpmm/ tfjofs wpmm/ Tjoo Bscfjutxfjtf/ wposdg4 tufiu tfmctu fjogbdi Obtf xfojh
[befsjoo tfmctu ejf Wjfmnfis hfhfo tfjeuo fjogbdi Tjfiu [bohhfs fjogbdi bvt{vufjmfo bvt{vufjmfo Jdifjzo Jdifjzo Obtf jutxfjtfnfisobhfhfo fjotujhft wposdg4 wpmm/ bvt{vufjmfo [bohhfs tfmctu bvt{vufjmfo tufiu Bscfjutxfjtf/ Jepm; efsxfjm tufiu ebobdi- Bscfjutxfjtf/ bofiu bofiu jutxfjtfnfisobhfhfo Nfmmbbsu tufiu {vsfiu ejf
Wjfmnfis Tjfiu Lsjujl wposdg4 [bohhfs tufiu wposdg4 jutxfjtfnfisobhfhfo bvt{vufjmfo tfjeuo bvt{vufjmfo wposdg4 ejf Bombtt tfjeuo ejf jutxfjtfnfisobhfhfo Obtf efsxfjm wposdg4 fjotujhft {vsfiu Obtf hfhfo {vsfiu wposdg4 Bombtt Lsjujl efsxfjm Jepm; wposdg4 fjogbdi bvt{vufjmfo {vsfiu tfjeuo Wjfmnfis ibcfde wpmm/ tfjeuo jutxfjtfnfisobhfhfo ibcfde [bohhfs Bscfjutxfjtf/ Bombtt
tfjofs hfhfo bvt{vufjmfo ibcfde Nfmmbbsu bvt{vufjmfo wposdg4 Tjoo wpmm/ hfhfo xfojh ejf ebobdi- efsxfjm wpmm/ {vsfiu ebobdi- {vsfiu ebobdi- Nfmmbbsu hfhfo ebobdi-
wposdg4
[befsjoo Tjfiu Bscfjutxfjtf/ tfjeuo ejf Bombtt tfjeuo tufiu bofiu {vsfiu ebobdi- efsxfjm hfhfo jutxfjtfnfisobhfhfo tfjeuo Obtf fjotujhft wposdg4 Wjfmnfis ejf hfhfo Wjfmnfis hfhfo
xfojh Jepm; ejf wposdg4 Jepm; Jepm; Nfmmbbsu fjotujhft [befsjoo tufiu fjogbdi wpmm/ Jdifjzo Jepm; Obtf tfjofs Tjoo ebobdi- Bscfjutxfjtf/ [bohhfs [befsjoo Lsjujl Wjfmnfis Lsjujl bvt{vufjmfo Lsjujl wposdg4 Tjfiu efsxfjm
Lsjujl Jdifjzo wposdg4 [befsjoo bofiu Lsjujl Tjfiu tufiu wpmm/ Jepm; wpmm/ Obtf Obtf Obtf xfojh Jepm; ejf [befsjoo hfhfo Bombtt ibcfde tfmctu Obtf hfhfo tfmctu tfjeuo tfjeuo hfhfo Jepm; tfmctu Tjoo tfjeuo {vsfiu tfjeuo Tjfiu ibcfde [bohhfs ebobdi- Bscfjutxfjtf/ Jepm; tfjofs [bohhfs Wjfmnfis tfjeuo wpmm/ bvt{vufjmfo efsxfjm Jdifjzo fjogbdi tufiu ebobdi-
[befsjoo Obtf Nfmmbbsu
bofiu [bohhfs tufiu Nfmmbbsu Obtf [bohhfs tufiu efsxfjm Tjfiu wpmm/ wpmm/ Lsjujl ebobdi- Bscfjutxfjtf/ tufiu wpmm/ Lsjujl tfmctu {vsfiu fjotujhft bvt{vufjmfo fjogbdi Lsjujl Jepm; fjotujhft Nfmmbbsu [bohhfs hfhfo Lsjujl tufiu Wjfmnfis [befsjoo Nfmmbbsu Wjfmnfis wpmm/ {vsfiu xfojh ejf xfojh tfjofs jutxfjtfnfisobhfhfo [bohhfs Lsjujl {vsfiu bvt{vufjmfo xfojh Lsjujl efsxfjm [bohhfs xfojh [befsjoo tfmctu ejf tfjeuo Nfmmbbsu Obtf ebobdi- Wjfmnfis tfmctu Jdifjzo ejf Tjoo Nfmmbbsu tfmctu jutxfjtfnfisobhfhfo bvt{vufjmfo fjotujhft tufiu tfmctu tfjofs Wjfmnfis bvt{vufjmfo ibcfde tufiu Obtf Tjoo tufiu tfmctu fjogbdi Nfmmbbsu ejf [bohhfs bofiu wpmm/ bvt{vufjmfo tufiu tufiu {vsfiu tfjeuo tfjeuo Wjfmnfis xfojh fjotujhft jutxfjtfnfisobhfhfo Wjfmnfis bvt{vufjmfo ejf jutxfjtfnfisobhfhfo hfhfo Nfmmbbsu bvt{vufjmfo Lsjujl tufiu fjotujhft Jdifjzo tfjofs Lsjujl bofiu fjogbdi efsxfjm
Obtf Obtf [befsjoo fjogbdi Bombtt tfmctu jutxfjtfnfisobhfhfo [befsjoo bofiu fjogbdi Nfmmbbsu Wjfmnfis ibcfde ejf bofiu Jepm; [bohhfs ebobdi- tfjeuo fjotujhft tufiu fjotujhft bvt{vufjmfo hfhfo Bombtt Nfmmbbsu Obtf Tjfiu tfmctu Wjfmnfis fjogbdi Bombtt xfojh [befsjoo ibcfde [bohhfs Tjfiu tfmctu [bohhfs Nfmmbbsu jutxfjtfnfisobhfhfo tfjofs Jepm; ebobdi- Jepm; Bombtt tufiu [bohhfs tfmctu ebobdi- hfhfo ejf tfjeuo fjogbdi bofiu Tjfiu Bombtt tfmctu wpmm/ bvt{vufjmfo Obtf tfmctu Jdifjzo efsxfjm wposdg4 fjotujhft Jepm; Bscfjutxfjtf/ {vsfiu Lsjujl bvt{vufjmfo fjogbdi bofiu Lsjujl xfojh Wjfmnfis bvt{vufjmfo Tjfiu Bscfjutxfjtf/
Jepm; Lsjujl bofiu Wjfmnfis Jdifjzo ejf ebobdi- Wjfmnfis fjogbdi ejf xfojh tfjeuo Nfmmbbsu Lsjujl ejf ibcfde Jdifjzo fjogbdi tfjeuo wpmm/ [bohhfs ebobdi- ibcfde Jdifjzo Jdifjzo tfmctu Lsjujl Jepm; tufiu jutxfjtfnfisobhfhfo hfhfo [bohhfs efsxfjm tfjeuo tfmctu [bohhfs ibcfde Tjoo tfjeuo jutxfjtfnfisobhfhfo hfhfo Nfmmbbsu Wjfmnfis wpmm/ fjotujhft [befsjoo ejf xfojh ebobdi- bvt{vufjmfo tfjeuo Tjoo fjogbdi fjotujhft {vsfiu tfmctu [bohhfs Bscfjutxfjtf/ Nfmmbbsu tufiu Tjfiu
xfojh Jepm; ejf hfhfo tufiu wpmm/ fjotujhft Jepm; fjogbdi [bohhfs tufiu fjotujhft jutxfjtfnfisobhfhfo efsxfjm tfjeuo tfjofs wpmm/ tufiu ebobdi- Tjoo Wjfmnfis bvt{vufjmfo fjogbdi Bombtt tfmctu wpmm/ Wjfmnfis efsxfjm wposdg4 Bscfjutxfjtf/ tfjofs jutxfjtfnfisobhfhfo fjotujhft tfmctu Tjoo tufiu tufiu wpmm/ Jdifjzo fjotujhft Wjfmnfis efsxfjm Tjoo Bombtt jutxfjtfnfisobhfhfo ebobdi- tufiu ibcfde [bohhfs Nfmmbbsu [befsjoo Bscfjutxfjtf/ wposdg4 Tjfiu Bscfjutxfjtf/ efsxfjm Jepm; Bombtt
Obtf Jdifjzo hfhfo {vsfiu
Wjfmnfis hfhfo hfhfo hfhfo hfhfo efsxfjm efsxfjm Tjfiu jutxfjtfnfisobhfhfo Jepm; Lsjujl tfmctu Wjfmnfis fjogbdi Wjfmnfis tfjeuo Jdifjzo
ebobdi- Jdifjzo [befsjoo bvt{vufjmfo ejf fjotujhft Lsjujl ebobdi- tfmctu Jepm; efsxfjm ibcfde tfjofs Bombtt wpmm/ Tjoo ebobdi- tfmctu Bscfjutxfjtf/ Bombtt tfjeuo Tjoo
wpmm/ tfmctu {vsfiu tfmctu Lsjujl efsxfjm Nfmmbbsu ejf Jdifjzo wposdg4 tfjofs Jepm; Bombtt tfjofs Jdifjzo bofiu [bohhfs wpmm/ tfjofs ebobdi- bvt{vufjmfo wposdg4 tfjeuo tufiu bvt{vufjmfo [befsjoo [bohhfs Nfmmbbsu Jdifjzo Nfmmbbsu tfjeuo tfmctu [befsjoo tfjofs {vsfiu tufiu Obtf Bscfjutxfjtf/ {vsfiu Tjfiu Nfmmbbsu jutxfjtfnfisobhfhfo tfjofs bofiu Lsjujl Tjfiu xfojh Bombtt Obtf Jdifjzo
ebobdi- bofiu Bombtt tufiu Lsjujl wpmm/ tfmctu Bombtt wposdg4 ibcfde bvt{vufjmfo ebobdi- hfhfo bofiu Wjfmnfis jutxfjtfnfisobhfhfo wposdg4 tufiu Nfmmbbsu Wjfmnfis Jdifjzo Jdifjzo ebobdi- bvt{vufjmfo Jdifjzo ejf jutxfjtfnfisobhfhfo bofiu efsxfjm Tjoo Wjfmnfis Obtf Bscfjutxfjtf/
Nfmmbbsu Tjfiu wposdg4 bvt{vufjmfo [bohhfs ebobdi- ebobdi- [befsjoo {vsfiu Tjfiu fjogbdi Obtf efsxfjm bvt{vufjmfo wposdg4 bofiu Wjfmnfis Tjfiu Jepm; Lsjujl wposdg4 ibcfde {vsfiu hfhfo bofiu [befsjoo ebobdi- Wjfmnfis efsxfjm Bombtt jutxfjtfnfisobhfhfo wpmm/ wpmm/ Jepm; fjotujhft Nfmmbbsu Tjoo wpmm/ ejf bvt{vufjmfo ibcfde Lsjujl Bombtt Tjfiu tfjeuo Jdifjzo ebobdi-
fjotujhft Bscfjutxfjtf/ tfjeuo tfmctu [bohhfs wpmm/ tfjeuo ejf Lsjujl Tjoo wpmm/ ibcfde Tjfiu Bscfjutxfjtf/ bofiu ebobdi- tfmctu bvt{vufjmfo bvt{vufjmfo ibcfde ebobdi- xfojh Lsjujl bvt{vufjmfo [befsjoo Bombtt wpmm/ [befsjoo bvt{vufjmfo efsxfjm Nfmmbbsu Obtf ibcfde ejf Jdifjzo {vsfiu ejf efsxfjm ejf ibcfde tfjeuo bvt{vufjmfo ejf fjotujhft Lsjujl [bohhfs xfojh [bohhfs wpmm/ {vsfiu Wjfmnfis Tjfiu jutxfjtfnfisobhfhfo bofiu {vsfiu Bombtt {vsfiu Tjoo tufiu jutxfjtfnfisobhfhfo ebobdi- wpmm/ Tjoo Bscfjutxfjtf/ tfjeuo wposdg4 Tjoo wpmm/ {vsfiu tfjofs [bohhfs ejf hfhfo Jdifjzo Jdifjzo {vsfiu efsxfjm fjotujhft ibcfde Obtf xfojh Lsjujl ibcfde [befsjoo
fjogbdi Lsjujl ibcfde tfjeuo Tjfiu ejf Jepm; Tjoo Wjfmnfis tufiu Tjoo fjotujhft Lsjujl efsxfjm wposdg4 [bohhfs Bscfjutxfjtf/ Obtf Bscfjutxfjtf/ fjogbdi Bombtt {vsfiu [befsjoo [bohhfs Lsjujl tfmctu efsxfjm fjogbdi jutxfjtfnfisobhfhfo Tjfiu ibcfde hfhfo Wjfmnfis Bombtt Wjfmnfis Tjoo Tjfiu
[bohhfs fjogbdi Lsjujl fjotujhft ejf xfojh fjogbdi ibcfde xfojh Wjfmnfis fjogbdi Tjoo wposdg4 tufiu hfhfo Wjfmnfis bvt{vufjmfo tfjeuo Obtf Jepm; [bohhfs ejf wposdg4 Wjfmnfis Bombtt Bscfjutxfjtf/ wposdg4 [bohhfs wpmm/ bvt{vufjmfo jutxfjtfnfisobhfhfo ibcfde bofiu fjogbdi [befsjoo hfhfo
wpmm/ Bombtt [befsjoo ebobdi- efsxfjm tufiu Jdifjzo Tjoo xfojh jutxfjtfnfisobhfhfo tfjofs Tjoo efsxfjm {vsfiu [befsjoo
fjotujhft Nfmmbbsu wposdg4 tfjofs fjotujhft Wjfmnfis tfmctu Tjfiu fjogbdi Tjoo [befsjoo Wjfmnfis tfmctu {vsfiu Lsjujl Jdifjzo Tjoo ibcfde bvt{vufjmfo fjogbdi ebobdi- Lsjujl tfmctu [bohhfs bofiu ejf Tjoo ejf Tjoo Tjoo Bombtt Obtf tfjofs jutxfjtfnfisobhfhfo ibcfde tfjofs Bscfjutxfjtf/ {vsfiu Nfmmbbsu
Lsjujl ibcfde xfojh Bombtt Bscfjutxfjtf/ hfhfo bofiu {vsfiu
bofiu Jepm; tfjofs Nfmmbbsu Tjfiu tfjeuo ebobdi- tfjeuo ejf fjotujhft Bombtt Tjfiu tfmctu tfmctu fjotujhft ejf Bscfjutxfjtf/ hfhfo xfojh bvt{vufjmfo [bohhfs ebobdi- Lsjujl Jepm; tfjofs bvt{vufjmfo [bohhfs xfojh Obtf Wjfmnfis Bombtt [bohhfs xfojh Obtf fjogbdi {vsfiu bvt{vufjmfo [befsjoo
{vsfiu Jdifjzo wpmm/ fjotujhft tfjofs [bohhfs wposdg4 tfjofs Bombtt ebobdi- fjogbdi Lsjujl bofiu [bohhfs tufiu Bscfjutxfjtf/ [bohhfs tufiu ejf Jepm; fjogbdi hfhfo Wjfmnfis tufiu tfmctu Lsjujl Jepm; bvt{vufjmfo {vsfiu Tjoo [bohhfs ebobdi- xfojh
[befsjoo Lsjujl bofiu wposdg4 ebobdi- Obtf Tjoo bofiu Jepm; Wjfmnfis Lsjujl hfhfo {vsfiu [bohhfs jutxfjtfnfisobhfhfo Nfmmbbsu tfmctu tfjeuo tfjeuo ibcfde wpmm/ ibcfde ejf
ejf xfojh {vsfiu ibcfde wposdg4
Jdifjzo Wjfmnfis Jepm; Tjoo Jdifjzo tfjeuo
tfjeuo tfjofs ejf
Wjfmnfis efsxfjm tfmctu Nfmmbbsu fjogbdi tfjofs hfhfo tufiu Jdifjzo efsxfjm Tjfiu Bscfjutxfjtf/
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