The paper aims to evaluate the possibilities of using digital technology for transferring participation rights in companies. The authors shall indicate new European legal provisions concerning the transfer of cryptoassets, in particular security tokens. Furthermore, the paper includes the analysis of the admissibility of tokenization of shares in private and public limited companies and other participation rights. Final remarks shall reveal the trend in the amendment of law in domestic legal orders in using digital technology for transferring securities.

This article aims to answer the question whether, due to currently applicable provisions, it is possible to link the rights of partners in partnerships with a digital token appearing in a distributed ledger technology. Therefore, the article refers to issues such as tokenization of the partner's capital share, the admissibility of the construction of a "virtual partner" determined by a token, and the tokenization of shares in limited joint-stock partnerships. The authors make an argument that the Polish legal system allows tokenization of participation rights in partnerships solely to a limited extent. The said tokenization is possible only in relation to material rights, by means of personal tokenization performed by the partner. Pursuant to the regulations in force, tokenization of investments carried out by the partnership would also be allowed.

Due to the amendment to the Act of 29 July 2005 on public offering, conditions governing the introduction of financial instruments to organized trading, and listed companies introduced by the Act of 16 October 2019, a new obligation was imposed in listed companies on the shareholders' meeting to adopt a remuneration policy and the supervisory board to draw up a remuneration report. The first issue to be considered in this paper will be selected aspects concerning the adoption of a remuneration policy by the shareholders' meeting and its implications for the remuneration system of members of the management board and supervisory board, as well as its implications for concluding contracts with management board members. The second issue will concern the remuneration report with respect to liability towards the company.

Due to the amendment to the Polish Commercial Companies Code introduced by the Act of 19 July 2019, a new type of company will be introduced into the Polish legal system, with effect from 1 March 2021: namely, the simple joint-stock company. The simple joint-stock company is innovative through its free choice between a monistic and dualistic management system. This paper aims to consider selected aspects as regards the legal position and competences of the board of directors in the monistic system, including the new provisions covering i.a. the duty of loyalty, flexibility of
the boards' structure and business judgment rule.