Galmani S. i K. Kuransp. j.

Manner of representation

In matters not exceeding the scope of the ordinary activities of the partnership, each partner may independently represent the partnership. If, before conducting a matter referred to above, the other partner objects to its conduct, a prior unanimous resolution of the partners is required. In matters exceeding the scope of the ordinary activities of the partnership, the partnership is represented by both partners jointly, or by one partner after obtaining the separate consent of all partners in the form of a resolution of the partners. Matters exceeding the scope of the ordinary activities of the partnership include in particular: 1) incurring liabilities or disposing of a right with a value exceeding PLN 100,000.00 (one hundred thousand zlotys and zero grosz), 2) disposal or acquisition of real property or encumbering it with a right, in particular usufruct, lease, tenancy or easement, for the benefit of a third party, 3) granting and revoking a commercial proxy.