Jakub Kokowski
News from Poland—Business & Law, Episode 38: procedure to approve an arrangement
06.09.2023
News from Poland
In the newest episode Jakub Kokowski discusses the most common type of restructuring procedure in Poland, that is the procedure to approve an arrangement.
Simplified restructuring procedure: A new tool for businesses in crisis
25.06.2020
already in force, insolvency and restructuring
On 24 June 2020, a new restructuring procedure entered into force, enabling businesses to carry out debt relief smoothly without undue judicial interference. Potential risks and doubts may arise on the part of creditors on how to counteract the negative effects of opening these proceedings. Simplified restructuring is a hybrid of solutions provided for in other restructuring procedures, allowing the debtor to enter into an arrangement with creditors while ensuring extensive protection against enforcement and termination of key contracts.
Court restructuring in practice
16.01.2020
insolvency and restructuring
For nearly four years, Polish businesses have been in a possession of an important tool to restructure their debt and return to economically sustainable operations. Our experience since the Restructuring Law has been in force shows that with proper selection and cooperation with creditors, the new court procedures have many advantages and can lead to effective debt reduction. At the same time, we see room for improvement in the current regulations, which cannot be corrected through the practice of the authorities and participants in the restructuring process alone.