Have a personal or library account? Click to login
Simplified restructuring proceedings in Poland as an example of anti – crisis regulation due to the COVID-19 pandemic Cover

Simplified restructuring proceedings in Poland as an example of anti – crisis regulation due to the COVID-19 pandemic

By: Rafał Adamus  
Open Access
|Oct 2020

Abstract

The study discusses new legislative anti – crisis solutions adopted in Poland in connection with the COVID – 19 pandemic. The Polish legislator decided to introduce the so-called simplified restructuring procedure. This happened in the face of the expectations of both the jurisprudence of law and practice. On the one hand, the simplified restructuring procedure (the fifth independent type of restructuring procedure for an entrepreneur in Poland) allows for a quick, cheap and simplified conclusion of an arrangement with creditors outside the court, then approved by the court. On the other hand, the opening of such proceedings gives the debtor protection against enforcement at the creditor‘s request and against bankruptcy at the creditor‘s request. This procedure can be a testing ground for the concept of informalisation and acceleration of restructuring procedures.

DOI: https://doi.org/10.2478/iclr-2020-0014 | Journal eISSN: 2464-6601 | Journal ISSN: 12138770
Language: English
Page range: 293 - 303
Published on: Oct 14, 2020
Published by: Palacký University Olomouc
In partnership with: Paradigm Publishing Services
Publication frequency: 2 issues per year

© 2020 Rafał Adamus, published by Palacký University Olomouc
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.