Legislator Case Law & Legislation
I PKN 737/99 AI generated

Supreme Court allows partial claim for unequal share of privatization shares due to discriminatory regulation.

Case Number I PKN 737/99
Court / Authority
Jurisdiction Poland (PL)
Decision Date
Outcome Partially Allowed

Legislator summary

AI generated

The Supreme Court of Poland quashed the lower court's dismissal of the plaintiffs' claim for compensation regarding unequal share allocation of privatization shares. The plaintiffs argued that the company's regulation granting only one share to each employee violated the statutory rule of equal distribution under the Investment Funds Act. The court held that while the regulation is a deviation from the equal distribution rule, it must be objective and non-discriminatory, and the symbolic allocation of one share per employee failed to realize the statutory right to preferential acquisition.

Legislator headnote

AI generated

Art. 46 ust. 2 ustawy o narodowych funduszach inwestycyjnych i ich prywatyzacji; Art. 46 ust. 4 ustawy o narodowych funduszach inwestycyjnych i ich prywatyzacji: A company regulation deviating from the statutory rule of equal share distribution must be objective and non-discriminatory, and symbolic allocation of shares to employees does not constitute realization of their statutory right to preferential acquisition.

Keywords

AI generated
privatization shares equal distribution rule discriminatory regulation preferential acquisition Investment Funds Act employee rights share allocation criteria

Cited Legislation

AI generated
Art. 46 ust. 2 of the Act on National Investment Funds and their Privatization
Art. 46 ust. 4 of the Act on National Investment Funds and their Privatization
Art. 393 § 1 of the Code of Civil Procedure

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