Restructuring - experts' fears proved true

Corporate and consumer cases are dragging on in the insolvency courts. And it has been proposed that the latter should go to other judicial units.

It will soon be two years since the restructuring law and the amended insolvency law came into force. Already in April, restructuring law experts signalled that the new provisions were not working as expected. It is now apparent that the flaws are serious and - to make matters worse - there is still no real prospect of their removal.

One of the biggest problems is that consumer bankruptcies are handled by the bankruptcy courts, which severely limits their efficiency.

Kolejnym problemem jest to, że wciąż nie ma Centralnego Rejestru Restrukturyzacji i Upadłości, obsługującego sąd i kontakt ze wszystkimi stronami postępowania restrukturyzacyjnego.Co gorsza, nie widać też żadnych perspektyw na jego utworzenie.

Dużym ograniczeniem okazała się także kwestia finansowania podmiotów w restrukturyzacji. — Bardzo trudno jest pozyskać pieniądze na postępowania restrukturyzacyjne. Brak funduszy na bieżącą działalność to standardowa przyczyna umorzenia sanitation proceedings.

And without money, it is difficult for sanitation to succeed.

However, it is important to remember that no one was counting on the rapid, spectacular success of the Restructuring Act. The changes are far-reaching and the whole market needs time to get used to them.

The material appeared on pb.pl:

10 December 2017:
" Restructuring to be urgently revised