The Sejm and the Senate completed work on the Act on the control of certain investments created by the Minister of the Treasury from 2014. The Act aims at real protection of Poland's interests in the field of economic security of the country - protection of strategic Polish companies from hostile takeover. The Minister of the Treasury under the Act will be able to suspend the purchase of shares or shares of the company included in the letter, which will be determined by the Council of Ministers.
The application of the Act will be extended to the most important companies in the gas, electricity, chemical, petrochemical and armament sectors.
In the event of a risk to the security and public order listed in the Act, the Minister of the Treasury will be able to oppose the planned acquisition of shares or shares and the property rights of the listed entities.
The Minister of the Treasury will at the same time benefit from the opinion of the Consultative Committee composed of representatives of public authorities competent for public safety and public order when deciding on a submitted declaration of intent to take over dominance over a protected entity or other significant participation in such a entity.
The law will enter into force after the expiry of 30 days after the President signed it.