Konrad Grotowski
Reservation of title to sold goods
25.05.2017
insolvency and restructuring, protection of contracts, creditor protection
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.
![Reservation of title to sold goods](/upload/thumb/wordpress/2017/03/356_new_auto_800x800.png)
Negative equity—the balance-sheet test—as grounds for bankruptcy
14.05.2015
insolvency and restructuring
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.
![Negative equity—the balance-sheet test—as grounds for bankruptcy](/upload/thumb/wordpress/2017/03/153_new_auto_800x800.png)
Shareholder’s liability for creditor’s loss resulting from subsidiary’s failure to file a bankruptcy petition
29.05.2014
insolvency and restructuring
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.
![Shareholder’s liability for creditor’s loss resulting from subsidiary’s failure to file a bankruptcy petition](/upload/thumb/wordpress/2017/03/21_new_auto_800x800.png)
The creditor's dilemma: Join forces or go it alone?
27.06.2013
creditor protection, corporate, insolvency and restructuring
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.
![The creditor's dilemma: Join forces or go it alone?](/upload/thumb/wordpress/2017/03/330_new_auto_800x800.png)
Konrad Grotowski: The owners of a company threatened by bankruptcy sometimes give in to the temptation to remove assets from the company
23.05.2013
corporate, insolvency and restructuring
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.
![Konrad Grotowski: The owners of a company threatened by bankruptcy sometimes give in to the temptation to remove assets from the company](/upload/thumb/wordpress/2017/03/263_new_auto_800x800.png)
Wardyński & Partners represents Law Debenture Trust in settlement with Elektrim
16.12.2010
litigation, insolvency and restructuring
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.
![Wardyński & Partners represents Law Debenture Trust in settlement with Elektrim](/upload/thumb/wordpress/2017/03/344_new_auto_800x800.png)