POLAND
Lithuania
Poland
Belarus
Warsaw
Law and Practice Contributed by: Rafał Celej, Arkadiusz Klejnowski and Karolina Piotrowska-Andryszczyk Kondracki Celej
Ukraine
Czech Republic
Slovakia
Contents 1. Trends p.431
1.1 VC Market p.431 1.2 Key Trends p.432 1.3 Key Industries p.433 2. Venture Capital Funds p.433
2.1 Fund Structure p.433 2.2 Fund Economics p.434 2.3 Fund Regulation p.435 2.4 Particularities p.435 3. Investments in Venture Capital Portfolio Companies p.436 3.1 Due Diligence p.436 3.2 Process p.436 3.3 Investment Structure p.437 3.4 Documentation p.437
3.5 Investor Safeguards p.438 3.6 Corporate Governance p.438 3.7 Contractual Protection p.439 4. Government Inducements p.439 4.1 Subsidy Programmes p.439 4.2 Tax Treatment p.440 4.3 Government Endorsement p.440 5. Employment Incentives p.440 5.1 General p.440 5.2 Securities p.441 5.3 Taxation of Instruments p.442 5.4 Implementation p.442 6. Exits p.442 6.1 Investor Exit Rights p.442 6.2 IPO Exits p.443 6.3 Pre-IPO Liquidity p.443 7. Regulation p.443 7.1 Securities Offerings p.443 7.2 Restrictions p.444
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