{"id":12477,"date":"2026-05-19T08:00:00","date_gmt":"2026-05-19T06:00:00","guid":{"rendered":"https:\/\/jklaw.pl\/prawo-pl-przymusowy-wykup-akcji-skutki-wyroku-tk-i-planowanej-ustawy-z-komentarzem-dr-grzegorza-kelera\/"},"modified":"2026-05-31T18:17:36","modified_gmt":"2026-05-31T16:17:36","slug":"prawo-pl-compulsory-share-buy-out-implications-of-the-constitutional-tribunal-ruling-and-the-proposed-legislation-with-commentary-by-grzegorz-keler-phd","status":"publish","type":"post","link":"https:\/\/jklaw.pl\/en\/prawo-pl-compulsory-share-buy-out-implications-of-the-constitutional-tribunal-ruling-and-the-proposed-legislation-with-commentary-by-grzegorz-keler-phd\/","title":{"rendered":"Prawo.pl: Compulsory Share Buy-Out &#8211; Implications of the Constitutional Tribunal Ruling and the Proposed Legislation, with Commentary by Grzegorz Keler, PhD"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Today, Prawo.pl published an article entitled &#8220;Compulsory Share Buy-Out \u2014 Implications of the Constitutional Tribunal Ruling and the Proposed Legislation&#8221;, featuring commentary from the Managing Partner of Jab\u0142o\u0144ski Ko\u017ami\u0144ski &amp; Partners, Dr Grzegorz Keler.<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">On 22 April 2026, the Constitutional Tribunal issued a ruling (SK 99\/23) that may alter the position of thousands of individual investors. The Tribunal called into question the mechanism for determining the price in compulsory share buy-out proceedings &#8211; one based solely on the average quoted market price &#8211; finding that it does not guarantee shareholders receive fair value equivalent for the shares being bought out.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The ruling opens a potential avenue for the reopening of proceedings, though, as our expert cautions, a flood of applications should not be anticipated. What will the draft Act UC137 actually change in practice, and for whom may it already be too late?<br><br><strong>The full article is available\u00a0<a href=\"https:\/\/www.prawo.pl\/biznes\/przymusowy-wykup-akcji-wyrok-tk-a-wznowienie-postepowan,1543128.html\" target=\"_blank\" rel=\"noopener\">at this link<\/a>.<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/jklaw.pl\/wp-content\/uploads\/2026\/05\/JKLAW_19.05-1024x1024.png\" alt=\"\" class=\"wp-image-12391\" srcset=\"https:\/\/jklaw.pl\/wp-content\/uploads\/2026\/05\/JKLAW_19.05-1024x1024.png 1024w, https:\/\/jklaw.pl\/wp-content\/uploads\/2026\/05\/JKLAW_19.05-300x300.png 300w, https:\/\/jklaw.pl\/wp-content\/uploads\/2026\/05\/JKLAW_19.05-150x150.png 150w, https:\/\/jklaw.pl\/wp-content\/uploads\/2026\/05\/JKLAW_19.05-768x768.png 768w, https:\/\/jklaw.pl\/wp-content\/uploads\/2026\/05\/JKLAW_19.05-600x600.png 600w, https:\/\/jklaw.pl\/wp-content\/uploads\/2026\/05\/JKLAW_19.05.png 1080w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Today, Prawo.pl published an article entitled &#8220;Compulsory Share Buy-Out \u2014 Implications of the Constitutional Tribunal Ruling and the Proposed Legislation&#8221;, featuring commentary from the Managing Partner of Jab\u0142o\u0144ski Ko\u017ami\u0144ski &amp; Partners, Dr Grzegorz Keler. On 22 April 2026, the Constitutional Tribunal issued a ruling (SK 99\/23) that may alter the position of thousands of individual&#8230;<\/p>\n","protected":false},"author":1,"featured_media":12394,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[118,121],"tags":[],"obszary-praktyki":[326],"ppma_author":[327],"class_list":["post-12477","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-media-en","obszary-praktyki-corporate-law-and-capital-markets"],"acf":[],"taxonomy_info":{"category":[{"value":118,"label":"News"},{"value":121,"label":"Media"}],"obszary-praktyki":[{"value":326,"label":"Corporate Law and Capital Markets"}]},"featured_image_src_large":["https:\/\/jklaw.pl\/wp-content\/uploads\/2026\/05\/2026-GRAFIKI-JKLAW_blog-68-1024x576.png",1024,576,true],"author_info":{"display_name":"Administrator","author_link":"https:\/\/jklaw.pl\/en\/author\/administrator\/"},"comment_info":0,"category_info":[{"term_id":118,"name":"News","slug":"news","term_group":0,"term_taxonomy_id":118,"taxonomy":"category","description":"","parent":0,"count":286,"filter":"raw","term_order":"0","cat_ID":118,"category_count":286,"category_description":"","cat_name":"News","category_nicename":"news","category_parent":0},{"term_id":121,"name":"Media","slug":"media-en","term_group":0,"term_taxonomy_id":121,"taxonomy":"category","description":"","parent":0,"count":96,"filter":"raw","term_order":"0","cat_ID":121,"category_count":96,"category_description":"","cat_name":"Media","category_nicename":"media-en","category_parent":0}],"tag_info":false,"authors":[{"term_id":327,"user_id":0,"is_guest":1,"slug":"dr-grzegorz-keler-en","display_name":"dr Grzegorz Keler","avatar_url":{"url":"https:\/\/jklaw.pl\/wp-content\/uploads\/2025\/09\/Grzegorz-Keler-800x1200-px_avatar.png","url2x":"https:\/\/jklaw.pl\/wp-content\/uploads\/2025\/09\/Grzegorz-Keler-800x1200-px_avatar.png"},"first_name":"dr Grzegorz","last_name":"Keler","funkcja":"","telefon":"","job_title":"","linkedin":"https:\/\/www.linkedin.com\/in\/grzegorz-keler\/","description":""}],"_links":{"self":[{"href":"https:\/\/jklaw.pl\/en\/wp-json\/wp\/v2\/posts\/12477","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jklaw.pl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jklaw.pl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jklaw.pl\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jklaw.pl\/en\/wp-json\/wp\/v2\/comments?post=12477"}],"version-history":[{"count":1,"href":"https:\/\/jklaw.pl\/en\/wp-json\/wp\/v2\/posts\/12477\/revisions"}],"predecessor-version":[{"id":12479,"href":"https:\/\/jklaw.pl\/en\/wp-json\/wp\/v2\/posts\/12477\/revisions\/12479"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jklaw.pl\/en\/wp-json\/wp\/v2\/media\/12394"}],"wp:attachment":[{"href":"https:\/\/jklaw.pl\/en\/wp-json\/wp\/v2\/media?parent=12477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jklaw.pl\/en\/wp-json\/wp\/v2\/categories?post=12477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jklaw.pl\/en\/wp-json\/wp\/v2\/tags?post=12477"},{"taxonomy":"obszary-praktyki","embeddable":true,"href":"https:\/\/jklaw.pl\/en\/wp-json\/wp\/v2\/obszary-praktyki?post=12477"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/jklaw.pl\/en\/wp-json\/wp\/v2\/ppma_author?post=12477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}