{"id":1119,"date":"2023-02-27T13:57:05","date_gmt":"2023-02-27T12:57:05","guid":{"rendered":"https:\/\/cmwlegal.pl\/?p=1119"},"modified":"2023-02-27T13:57:29","modified_gmt":"2023-02-27T12:57:29","slug":"a-second-chance-directive-new-restructuring-proceedings-in-poland","status":"publish","type":"post","link":"https:\/\/cmwlegal.pl\/en\/a-second-chance-directive-new-restructuring-proceedings-in-poland\/","title":{"rendered":"A “Second Chance Directive” – new restructuring proceedings in Poland?"},"content":{"rendered":"

Legislative work is ongoing on the implementation in Poland of the Directive (EU) 2019\/1023 of the European Parliament and of the Council of 20 June 2019 on preventive restructuring frameworks, on discharge of debt and disqualifications, and on measures to increase the efficiency of procedures concerning restructuring, insolvency and discharge of debt, and amending Directive (EU) 2017\/1132 (Directive on restructuring and insolvency).<\/p>\n

After the amendment, the following 3 main types of proceedings will be available: (i) insolvency proceedings for insolvent debtors, leading to liquidation of the company; (ii) remedial restructuring for insolvent debtors, the purpose of which will remain to enable the debtor to carry out remedial measures and conclude an arrangement; (iii) preventive restructuring, the purpose of which will be to restore the company’s condition and avoid bankruptcy.<\/p>\n

The draft provides for a vacatio legis of as much as 18 months, so the deadline for transposition will be far off.<\/p>\n

Should you have any questions, please contact:<\/p>\n

\"\"<\/a><\/p>\n

MARCIN BOROWSKI<\/strong>
\nAttorney at law
\nmborowski@cmwlegal.pl<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Legislative work is ongoing on the implementation in Poland of the Directive (EU) 2019\/1023 of the European Parliament and of the Council of 20 June 2019 on preventive restructuring frameworks, on discharge of debt and disqualifications, and on measures to increase the efficiency of procedures concerning restructuring, insolvency and discharge of debt, and amending Directive<\/p>\n","protected":false},"author":5,"featured_media":1117,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"yoast_head":"\nA "Second Chance Directive" - new restructuring proceedings in Poland? - CMW Legal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cmwlegal.pl\/en\/a-second-chance-directive-new-restructuring-proceedings-in-poland\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A "Second Chance Directive" - new restructuring proceedings in Poland? - CMW Legal\" \/>\n<meta property=\"og:description\" content=\"Legislative work is ongoing on the implementation in Poland of the Directive (EU) 2019\/1023 of the European Parliament and of the Council of 20 June 2019 on preventive restructuring frameworks, on discharge of debt and disqualifications, and on measures to increase the efficiency of procedures concerning restructuring, insolvency and discharge of debt, and amending Directive\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cmwlegal.pl\/en\/a-second-chance-directive-new-restructuring-proceedings-in-poland\/\" \/>\n<meta property=\"og:site_name\" content=\"CMW Legal\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cmwlegal\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-27T12:57:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-27T12:57:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cmwlegal.pl\/wp-content\/uploads\/2023\/02\/14.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1800\" \/>\n\t<meta property=\"og:image:height\" content=\"1200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Piotr\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Piotr\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cmwlegal.pl\/en\/a-second-chance-directive-new-restructuring-proceedings-in-poland\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cmwlegal.pl\/en\/a-second-chance-directive-new-restructuring-proceedings-in-poland\/\"},\"author\":{\"name\":\"Piotr\",\"@id\":\"https:\/\/cmwlegal.pl\/#\/schema\/person\/0116b56ba94e43dfc719303337b7b43a\"},\"headline\":\"A “Second Chance Directive” – new restructuring proceedings in Poland?\",\"datePublished\":\"2023-02-27T12:57:05+00:00\",\"dateModified\":\"2023-02-27T12:57:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cmwlegal.pl\/en\/a-second-chance-directive-new-restructuring-proceedings-in-poland\/\"},\"wordCount\":170,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cmwlegal.pl\/#organization\"},\"image\":{\"@id\":\"https:\/\/cmwlegal.pl\/en\/a-second-chance-directive-new-restructuring-proceedings-in-poland\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cmwlegal.pl\/wp-content\/uploads\/2023\/02\/14.png\",\"articleSection\":[\"Alert\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/cmwlegal.pl\/en\/a-second-chance-directive-new-restructuring-proceedings-in-poland\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cmwlegal.pl\/en\/a-second-chance-directive-new-restructuring-proceedings-in-poland\/\",\"url\":\"https:\/\/cmwlegal.pl\/en\/a-second-chance-directive-new-restructuring-proceedings-in-poland\/\",\"name\":\"A \\\"Second Chance Directive\\\" - new restructuring proceedings in Poland? 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