Terms & Disclosures

Important information

This website is published and operated by Hawk Thorne ("Hawk Thorne", "we" or "us"). By accessing, browsing or using this website you confirm that you have read, understood and agree to be bound by these terms. If you do not agree, you should not use this website.

The content of this website is published for general information only and is freely available to the public. It is not directed at any person in any jurisdiction where such distribution or use would be contrary to local law or regulation.

No investment advice: do your own research

The information, analysis and opinions published on this website are provided for general information only. They do not constitute, and must not be construed as, investment advice, a personal recommendation, or an offer, inducement or solicitation to buy, sell, subscribe for or otherwise transact in any security, financial instrument or strategy. This remains general information even where a note names a specific instrument, price level or scenario: nothing published here is a personal recommendation to any reader.

Nothing on this website takes into account the particular investment objectives, financial situation, tax position or needs of any individual recipient. You alone are responsible for any decision you make. Before acting on any information published here, you should conduct your own research and obtain independent financial, legal and tax advice appropriate to your circumstances.

Any views expressed reflect Hawk Thorne's judgement as at the date of publication and are subject to change without notice. Forward-looking statements are inherently uncertain and actual outcomes may differ materially.

Risk warning

The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not recover the amount originally invested. Past performance is not a reliable indicator of future results, and simulated or hypothetical performance carries its own significant limitations.

Movements in exchange rates may cause the value of investments to fluctuate. Investments in less developed markets, illiquid instruments or instruments employing leverage or derivatives may carry a higher degree of risk and may be subject to sudden and large falls in value.

No reliance and accuracy of information

While the information on this website has been prepared with reasonable care and is believed to be accurate at the time of publication, Hawk Thorne makes no representation or warranty, express or implied, as to its accuracy, completeness, timeliness or fitness for any particular purpose, and accepts no responsibility to update any information after publication.

Certain information may be obtained from third-party sources believed to be reliable. Hawk Thorne has not independently verified such information and accepts no liability for it.

Limitation of liability

To the fullest extent permitted by law, Hawk Thorne and those involved in preparing this website shall not be liable for any direct, indirect, incidental, consequential or other loss or damage of any kind arising from or in connection with the use of, or reliance upon, this website or its content, including any loss of profit or investment loss.

Nothing in these terms excludes or limits any liability that cannot be excluded or limited under applicable law.

Intellectual property

All content on this website, including text, analysis, graphics, logos and the Hawk Thorne name and marks, is the property of Hawk Thorne or its licensors and is protected by copyright and other intellectual property laws. You may view and retain a copy of pages for your own personal, non-commercial reference. You may not otherwise reproduce, distribute, republish or exploit any content without Hawk Thorne's prior written consent.

Regulatory status

Hawk Thorne publishes independent market research and commentary. It is not authorised or regulated as an investment firm and does not provide regulated investment services, portfolio management or personal investment advice. The availability of the information and materials on this website is subject to applicable law and may be restricted in certain jurisdictions.

Privacy and cookies

We process personal data, including any email address you provide when subscribing to our briefings, in accordance with applicable data-protection law. We use a limited set of cookies necessary for the operation of this website and, with your consent, analytics cookies to understand how it is used. You may withdraw your consent or unsubscribe from any briefing at any time.

Full details are set out in our separate Privacy Notice and Cookies Notice.

Governing law and jurisdiction

These terms, and any non-contractual obligations arising out of or in connection with them, are governed by Polish law, and the Polish courts have jurisdiction over any dispute. Nothing in these terms affects your mandatory rights as a consumer: if you are a consumer resident in the EU, you keep the protection of the mandatory consumer-protection law of your country of residence and any right you have to bring proceedings in your local courts.