The draft law on family foundations is to be implemented on January 1, 2022. The main objective of the law is the regulation of the creation, organization, functioning, dissolution and liquidation of family foundations as well as the rights and liabillity of the founder and beneficiary. These imprecise new regulations are causing some concern among the experts.
“The project is an attempt to introduce into the Polish legal order an institution existing in many other countries. Its main purpose is to organize relations between family members in a way that does not threaten the existence of a family business. Such solutions are adopted to ensure the continuity of the enterprise in the case of the withdrawal of the main person running a given business (most often the founder or creator of success of the enterprise) or in the event of its inevitable departure” – says Ph.D. Tomasz Kocowski.
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