Heirs of a deceased employee can exercise the right to free share acquisition under privatization law.
Poland (PL)
Legislator summary
AI generatedThe Supreme Court resolved a legal question regarding whether heirs of a deceased employee could exercise the right to free share acquisition. The court held that the preferential purchase right was a property right that passed to the heirs upon the employee's death before the privatization law took effect. Consequently, the heirs were allowed to acquire the shares for free under the new statutory provisions.
Legislator headnote
AI generatedArt. 24 ust. 1 ustawy z dnia 13 lipca 1990 r. o prywatyzacji przedsiębiorstw państwowych; art. 63 ust. 2 ustawy z dnia 30 sierpnia 1996 r. o komercjalizacji i prywatyzacji przedsiębiorstw państwowych: The right to preferential share acquisition is a property right that passes to heirs and can be exercised for free if the original employee died before the privatization law became effective.