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Jakub Kokowski

News from Poland—Business & Law, Episode 38: procedure to approve an arrangement
In the newest episode Jakub Kokowski discusses the most common type of restructuring procedure in Poland, that is the procedure to approve an arrangement.
News from Poland—Business & Law, Episode 38: procedure to approve an arrangement
Simplified restructuring procedure: A new tool for businesses in crisis
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.
Simplified restructuring procedure: A new tool for businesses in crisis
Court restructuring in practice
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.
Court restructuring in practice