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The Agency Problem in the Merger of Vistula & Wólczanka Ltd. and W. Kruk Ltd. The article discusses the behavior of company bodies and possible conflicts of interests occurring among them during company takeover. In this context, the insider management model, popular in Poland, is discussed. Its implications have been presented using the example of the merger between Vistula & Wólczanka Ltd. and W. Kruk Ltd.doi:10.2478/v10103-009-0017-4 fatcat:c3mxqhpggzdzlnfcs763saiva4