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Minister with the legal of veto

On  July 10th, 2015 Polish Parliament approved the bill on protection of certain investments, which has been submitted to the Senate afterwards. New legal regulations impose rules regarding prior control of transactions – mergers and acquisitions – not only by President of Competition and Consumer Protection Office or, in specific cases, by Commission for Financial Supervision, but also by Minister of the State Treasury.

The bill regards, above all, the companies of the State Treasury, strategic for the country, which dominant company is supposed to change. The Minister of the State Treasury receives a possibility to raise objections to takeover of such company. Council of Ministers, in manner of it’s regulation, would determine the list of companies over which taking control shall be verified by Minister.

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