I PK 272/02 AI generated

Failure to promptly notify employees of rights to acquire shares justifies compensation for lost share entitlement.

Case Number I PK 272/02

Court / Authority Sąd Najwyższy

Jurisdiction

Poland (PL)

Decision Date 2003-08-22

Outcome Dismissed

Open official source Machine-readable Markdown (.md)

Legislator summary

AI generated

The Supreme Court dismissed the plaintiff's claim for shares or damages against the State Treasury and a privatized tobacco company. The court found that the State Minister failed to issue a clear, simple notice to employees within the statutory deadline, constituting improper performance of a legal obligation. Consequently, the court held that this procedural failure caused the plaintiff to lose her right to acquire shares due to the missed deadline.

Legislator headnote

AI generated

§ 3 ust. 1 rozporządzenia Ministra Skarbu Państwa z dnia 3 kwietnia 1997 r. w sprawie szczegółowych zasad podziału uprawnionych pracowników na grupy; art. 354 k.c.: Failure to promptly notify employees of rights to acquire shares via clear, simple notice constitutes improper performance, justifying compensation for lost share entitlement.

Keywords

AI generated

improper performance of obligation share acquisition rights privatization employee notice statutory deadline compliance causation of loss State Treasury liability clear and simple notice

Cited Legislation

AI generated

§ 3 ust. 1 rozporządzenia Ministra Skarbu Państwa z dnia 3 kwietnia 1997 r. w sprawie szczegółowych zasad podziału uprawnionych pracowników na grupy

art. 38 ust. 1 ustawy z dnia 30 sierpnia 1996 r. o komercjalizacji i prywatyzacji

art. 354 k.c.

art. 393 § 1 k.p.c.

art. 108 § 2 k.p.c.

art. 471 k.c

art. 361 § 1 k.c

art. 66 k.c

art. 95 § 1 k.c

art. 734 § 1 k.c

Cited Case Law

AI generated

I PKN 529/00

Employee's declaration to buy shares accepted; company liable for damages due to lack of care.

Failure to promptly notify employees of rights to acquire shares justifies compensation for lost share entitlement.

Legislator summary

Legislator headnote

Keywords

Cited Legislation

Cited Case Law

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