In economies such as Germany or France, i.e. twice as big as Poland, there are 10-15 thousand bankruptcies," says Maciej Pietrzak, President of the Management Board of PMR Restrukturyzacja SA, in an interview with MarketNews24. "This means that bankruptcy law has not been applied properly, as declaring bankruptcy is a way for a company to get out of trouble in order to avoid the entry of a liquidator and liquidation of the company.
The stabilisation of the number of insolvencies, or even a reduction, may now be facilitated by the Law on the Restructuring of Companies, in force since January.
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