The amendment to the polish Commercial Companies Code - solvency tests for Limited Liability Companies.

During the meeting with interested clients of our law office, attorney Patrycja Mika presented the most relevant changes introduced by the reform of the polish Commercial Companies Code. On the first meeting, we focused on the polish Limited Liability Company. The amendment provides for a more flexible financial structure of the company, the initial capital becomes optional and may amount from 1 PLN. To protect creditors of the company, the reform introduced a solvency test and the obligation to create supplementary capital witch dependents on the amount of the company commitments.