III AZP 2/96
AI generated
Supreme Court held that trading receivables by a commercial company is not a banking act requiring license unless using others' funds.
Poland (PL)
Legislator summary
AI generatedThe Supreme Court resolved a legal question regarding whether trading receivables constitutes a banking act requiring a license from the National Bank. The petitioner argued that such transactions, involving debt collection for profit, fell under banking activities prohibited without authorization. The Court ruled that trading receivables is not a banking act unless the company uses others' funds, as it does not involve the risks characteristic of banking operations.
Legislator headnote
AI generatedArt. 11 ust. 1 Prawo bankowe; Art. 11 ust. 59 Prawo bankowe: Trading receivables by a commercial company is not a banking act requiring a license unless it involves using others' funds.
Keywords
AI generated
trading receivables
banking act definition
commercial company license
others funds usage
National Bank authorization
tax fee civil acts
financial risk supervision
Cited Legislation
AI generatedArt. 11 ust. 1 of the Banking Act
Art. 11 ust. 59 of the Banking Act
Art. 3 ust. 1 pkt 5 lit. a of the Tax Fee Act
Art. 7 ust. 1 pkt 2 of the VAT Act
art. 61 Konstytucji
art. 555 k.c
Cited Case Law
AI generatedIII CZP 20/92