A Warsaw court has issued two decisions in quick succession, opening restructuring proceedings first in Hawe Telekom, an operating company of the Hawe group that owns the fiber-optic network, and then in the parent company. There are opinions that the content of the court's decision will make it difficult to efficiently restructure the group. The Hawe Telekom administrator believes that under certain conditions it is possible. After the recent court decisions, restructuring the Hawe group may be difficult, according to...

Lawyers indicate that following recent court decisions, restructuring the Hawe group may be difficult. The listed company first announced the decision of the Warsaw court to open restructuring proceedings in the subsidiary Hawe Telekom, and on Tuesday, a similar decision for the listed company itself. The lawyers are concerned about the fact that each company received a different set of people responsible for asset management and supervision. In Hawe Telekom, the administrator was PMR Restrukturyzacje. in...

The restructuring regulations that have been in force recently, in addition to their many advantages, also have several disadvantages. If they are not quickly fixed, the groundbreaking reform may end in failure. Restructuring instead of bankruptcy, and bankruptcy only as a last resort - the new restructuring law is to be a revolution in saving companies standing on the edge of the abyss. However, it is not without its disadvantages, which may limit its beneficial impact. District courts will not cope The biggest problem is the inheritance of bankruptcy proceedings...

Bankruptcy may soon become a rarely used term in Poland. Since the beginning of the year, a new restructuring law has been in force, which has also changed bankruptcy law. According to its rules, almost every company will be given a second chance, and entrepreneurs will only go bankrupt as a last resort. There are more interesting solutions. Restructuring culture Generally, the new law changes the approach to problems in a company. - It is a change from a culture of liquidation to a culture of restructuring - says Maciej...

The new restructuring law, which came into force on 1 January 2016, is intended to streamline, accelerate and increase the effectiveness of procedures aimed at saving enterprises. However, this does not mean that these are easy and simple regulations – for independent application. Restructuring advisors will help in their effective use. In the event of a loss of financial liquidity or another crisis that strongly affects the company's condition, entrepreneurs and managers most often try to cope on their own...

The conference organized by the Ministry of Development was devoted to business culture in Poland in the context of the government program New Chance Policy (PNS). It is a development program that comprehensively addresses the issues of managing a company in a crisis situation and issues related to the liquidation of companies. The main goals of PNS are: preventing crisis situations in companies by launching early warning systems, reducing the risk of liquidation...

The subject of the new law is still stirring up discussions among specialists in various fields. Many people and their opinions will probably strengthen the discourse, which I consider a very good sign. It indicates how much changes are needed in the restructuring of Polish enterprises. The New Restructuring Law, which comes into force on 1 January 2016, is a milestone in the approach to saving companies from the crisis. It provides new repair procedures, changing the culture of liquidation to the forefront of restructuring. And although the change...

Aggressive debt collection activities in many cases lead to the loss of financial liquidity of the indebted company, making it impossible to effectively satisfy all creditors. At the same time, creditors have few tools to motivate debtors to repay their debts. The problem therefore concerns both creditors, tired of waiting for the debtor's good will, but also debtors themselves, who fear radical debt collection procedures from aggressive creditors. The solution...

The problems of the Alfa Star travel agency are another example of a company that has failed to cope with the difficult situation on the tourist services market. However, the company, which until recently was among the top tour operators in Poland, did not go bankrupt overnight. An appropriate response could have saved it. Currently, we know little - Alfa Star has reported a loss of financial liquidity and that it will not fulfill its obligations resulting from tourist services agreements concluded with customers. About the company's bankruptcy...

The adoption of the Restructuring Law and extensive changes to the Bankruptcy Law significantly increase the chances of saving many Polish companies in a difficult financial situation. The changes are fundamental, because the entire procedure for dealing with debtors' applications is subject to reorganization. Nevertheless, it should be remembered that even the best law will not produce positive effects if it is not applied early enough or is applied incorrectly. Undoubtedly, the changes will bring companies in trouble...