Restructuring law has been saving Polish companies for a year

Fewer laid-off employees, fewer creditors without money, less drama and greater stability in the economy - these are the objectives of the Restructuring and Insolvency Law, which came into force on 1 January 2016.

Today, almost a year after the introduction of the new law, it can be said that the operation was successful and the patient survived. But, as experts note, he still has a long rehabilitation ahead of him, comments PMR Restructuring.

Since 2003, i.e. since the introduction of rehabilitation regulations in insolvency law (as a kind of intervention procedure) until the end of 2015, insolvency proceedings were declared against almost 8,000 companies. During the same period, resolution proceedings were initiated against only 58 entities. This is a huge waste of economic potential and a classic symbol of a dead law.

Przepisy obowiązującego od stycznia 2016 r. prawa restrukturyzacyjnego zmierzają do ochrony przedsiębiorców i umożliwiają skorzystanie z możliwości restrukturyzacji już w początkowej fazie kryzysu. Nowe prawo ma realizować tzw. politykę nowej szansy, czyli gospodarczej strategii państwa ukierunkowanej na ochronę przedsiębiorstw, miejsc pracy, kapitału intelektualnego i know-how.

The material appeared on the Niezalezna.pl website:

20 December 2016:
" Restructuring law saves Polish companies for a year