Konrad Grotowski
“News from Poland—Business & Law” Episode 2: Simplified restructuring proceeding
The programme is a synthesis (up to 10 minutes) of important current events in the Polish economy and changes to Polish law, especially those that may concern management board members and affect the risk of serving on boards.
New video series: “News from Poland—Business & Law”
The programme is a synthesis (up to 10 minutes) of important current events in the Polish economy and changes to Polish law, especially those that may concern management board members and affect the risk of serving on boards.
Reservation of title to sold goods
Reservation in the sales contract of ownership of the goods until full payment of the purchase price by the buyer increases the security of a supplier of raw materials and semi-finished products to a customer threatened with insolvency.
Negative equity—the balance-sheet test—as grounds for bankruptcy
A company whose obligations exceed its assets should file a bankruptcy petition. If it does not, the creditors may file a petition and then seek to hold the members of the debtor’s management board liable for their claims. A rule that generates lots of practical problems remains in force in Polish bankruptcy law.
Shareholder’s liability for creditor’s loss resulting from subsidiary’s failure to file a bankruptcy petition
The degree to which a company’s creditors are satisfied may depend in large measure on timely filing of a bankruptcy petition. But sometimes the dominant shareholder will pressure the members of the management board to refrain from filing for bankruptcy.
The creditor's dilemma: Join forces or go it alone?
When assets are being removed from a debtor threatened with insolvency, the creditors face a choice of seeking to set aside such transactions independently, or filing a bankruptcy petition and relying on the actions of the bankruptcy trustee.
Konrad Grotowski: The owners of a company threatened by bankruptcy sometimes give in to the temptation to remove assets from the company
An interview with Konrad Grotowski from the Bankruptcy and Restructuring practices at Wardyński & Partners on how creditors can protect themselves against actions by a dishonest debtor.
Wardyński & Partners represents Law Debenture Trust in settlement with Elektrim
On 14–15 December 2010 the English company The Law Debenture Trust Corporation p.l.c. concluded a settlement with Elektrim S.A. for payment of a significant amount of over EUR 185 million in claims.
