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Restructuring in restructuring

On 9th September 2014 the Council of Ministers approved the bill of Restructuring Law. One Act will be introduced completely new Act - Restructuring Law and a broad amendment of Bankruptcy and reorganization Law.

New regulation was introduced in order to ensure entrepreneurs and their contractors effective instruments to restructure and at the same time maximization  protection of creditors rights.
At the same time the project guarantee institutional autonomy of restructuring proceedings to remain in isolation from bankruptcy proceedings.

The Council of Ministers also indicates that it is the implementation of a policy "second chance" for entrepreneurs whose business ventures failure results from unfavorable changes in economic conditions.
Discussion of these changes will be devoted part of this year's Congress of Polish Bankruptcy and Reorganization organized by the Institute Allerhanda.

 

 

 

 

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