Supreme Court allows State liability for preventing employee heirs from acquiring privatization shares.
Legislator summary
AI generatedThe Supreme Court of Poland quashed the lower court's dismissal of the plaintiffs' claim against the State Treasury for compensation. The plaintiffs, heirs of a deceased employee, sought damages for shares and dividends lost due to the State's failure to notify them of their acquisition rights during privatization. The court ruled that the State's obligation to inform employees is mandatory, and its breach causing the loss of share acquisition rights triggers liability under the Civil Code.
Legislator headnote
AI generatedArt. 471 k.c.; Art. 38 ust. 2 ustawy o komercjalizacji i prywatyzacji: The State Treasury bears compensation liability for preventing an entitled employee from acquiring shares if the State failed to fulfill its statutory duty to inform the employee of their right, thereby causing the loss of that right.