Revolutionary regulations are a challenge for everyone. The creation of the New Restructuring Law and profound changes in the Bankruptcy Law indicate a long-standing need to implement changes for entrepreneurs, both those who are insolvent and those who are only threatened with insolvency. The regulations coming into force on 1 January 2016 are groundbreaking, and for Polish legal conditions, downright revolutionary. Nevertheless, the success of the new regulations depends primarily on the participants in the restructuring processes....

Under the New Restructuring Law, entrepreneurs who are at risk of insolvency will be able to use tools that protect them from aggressive debt collection and further loss of liquidity. How can companies be helped in practice, explains restructuring advisor Maciej Roch Pietrzak. The Restructuring Law introduces new regulations on ways to get out of debt. How to choose the optimal solution? The new act simplifies restructuring procedures and introduces effective tools...