Accelerated composition proceedings

Second new restructuring proceeding will be the accelerated composition proceedings. This proceeding, same as the proceedings to approve arrangement, will be dedicated to this indebted entrepreneur, whose the sum of the claims in dispute will not exceed 15 % of the sum of the claims giving the right to vote on arrangement. Its purpose will be to give an entrepreneur possibility to conclude arrangement after the preparation and approval of the list of claims in simplified mode.[...]

Proceedings to approve arrangement

Proceedings to approve arrangement it is one of the fourth restructuring proceedings, which will be provided into polish legal system since 1st January 2016 pursuant to new Restructuring Act. This proceeding will be dedicated to this indebted entrepreneur, whose the sum of the claims in dispute will not exceed 15 % of the sum of the claims giving the right to vote on arrangement. The main advantage of this proceeding will be a right of entrepreneur to collect, with the participation of supervisor of the arrangement, votes from creditors. The role of the court in this proceeding will be limited[...]

Class action In Poland

    •  Beata Maziarz
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In the nearly five years of operation of the Act Group Proceedings, there was loudly about the lawsuits brought against unfair traders by a group of victims. Undeniably, introduction to our legal system the institution of class actions increases the chance of consumers to resist the stronger entrepreneur. About the conditions which should be met to file with a class action and about practical functioning of this institution in the Polish process, says Aneta Masik.

All article here /in Polish only/[...]

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