A long and difficult birth

The first draft of this kind of regulation in Poland was already prepared ten years ago by a team made up of myself and Professor Fryderyk Zoll of the Polish-German Centre of Banking Law at the Jagiellonian University in Kraków. Since 2003, further drafts have been prepared by the Foundation of Mortgage Credit. One by one, parliament wasted its opportunities and never got past the stage of inter-ministerial consultation. It was felt that there was no need to introduce such regulations as the market would regulate itself.Decades ago a number of countries in Western Europe already understood the problem and introduced the legal regulations necessary to help minimise the risk for the purchaser of losing money. In 1954 France was the first to introduce such protective regulations. In the 70s the legal situation of the developer-customer relationship was regulated in Belgium and Germany, then in Austria, Spain and Luxembourg. There are various types of protection, such as acquisition of ow