A new EU directive on restructuring law has been approved by the European Parliament and is expected to be adopted by the Council of the European Union as early as June. It will become applicable in all EU countries later this year. The new directive on the legal framework for precautionary restructuring is expected to harmonise the rules on the recovery of companies in all EU countries.
Member states will have two years to implement the new rules into their national legislation, but may ask the European Commission for an additional year to do so.
In my opinion company restructuring advisors Poland has nothing to be ashamed of and our regulations are among the most modern in Europe.
Polish regulations ahead of the directive
Among the solutions that business transformation experts consider beneficial for companies are the preference for restructuring before its bankruptcy.
Enforcement is not the solution
The situation is similar with bailiffs' enforcement against the company in during restructuring. In some EU countries, there is no way to stop them, because the goal is to protect the rights of creditors. Does this actually protect lenders? Experts disagree.
In my opinion restructuring adviser Many years of practice show that the degree of satisfaction of creditors in bankruptcy proceedings is low.
27 May 2019:
" Soon to be amended legislation on company restructuring
English 
Polish 
Ukrainian