{"id":432,"date":"2018-12-21T14:00:00","date_gmt":"2018-12-21T13:00:00","guid":{"rendered":"http:\/\/pmr-restrukturyzacje.local\/pmr\/ustawa-naprawcza-dziala\/"},"modified":"2018-12-21T14:00:00","modified_gmt":"2018-12-21T13:00:00","slug":"the-recovery-act-is-in-effect","status":"publish","type":"post","link":"https:\/\/pmr-restrukturyzacje.pl\/en\/the-recovery-act-is-in-effect\/","title":{"rendered":"The Restorative Law is working"},"content":{"rendered":"

Although it is difficult to find a spectacular example of a successful restructuring, according to experts the new legislation is having an effect. At the end of December it will have been two years since the new restructuring law came into force. There were, are and will be many objections to it. Despite this, the law, although not quite working as expected, is fulfilling its role.<\/p>\n

Failures and successes<\/b><\/p>\n

The most spectacular failures of the new law were witnessed in 2017. It was then that the restructuring proceedings<\/a> the Matras bookstore chain, Alma delicatessen or the W\u0142odarzewska developer.<\/p>\n

\u2013 The failures in these cases, as well as in the majority of restructurings discontinued in 2018, were caused by the late commencement of the procedure and the inability to obtain new financing \u2013 says Piotr Zimmerman, legal counsel and restructuring advisor at Zimmerman Filipiak Restructuring<\/a>.\n<\/div>\n

This year, sanction proceedings were discontinued for, among others, pharmaceutical wholesaler Intra and large Kielce-based property developer Dorbud.<\/p>\n

\n- Both court decisions are not yet final, but the mere fact that they have been made indicates a problem with effective sanitation, says Piotr Zimmerman.\n<\/div>\n

Fewer bankruptcies<\/b><\/p>\n

It is difficult for experts to name even one example where the restructuring was successful<\/a>.<\/p>\n

The non-standard solution applied by DGA Centrum Sanacji in the case of Mennica Metale Szlachetne can be considered as such, by first lending money to the rescued company money for the company<\/a> for survival, and then selling the production plant in Radzymin to an investor.<\/p>\n

Piotr Zimmerman, on the other hand, points out that thanks to the proceedings such large companies are still operating in the restructuring process<\/a> such as Ruch, Action or the retail chain Piotr i Pawe\u0142.<\/p>\n

Maciej Roch Pietrzak, proxy at PMR Restructuring Company<\/a>, who believes that restructuring law is an opportunity to effectively help companies.<\/p>\n

\n- Accelerated arrangement proceedings are particularly popular, although in practice they are not quick at all. Undoubtedly, the Act still requires some clarification in a few places, but this is a need for fine-tuning rather than revolutionary changes, believes Maciej Roch Pietrzak.\n<\/div>\n

Overburdened courts<\/b><\/p>\n

One of the the biggest problems of restructured companies<\/a> is the lack of possibility of obtaining financing.<\/p>\n

\n- Even if a trading company with weakened liquidity will enter restructuring on time<\/a>, without supplementing liquidity it will not rebuild turnover and will not generate appropriate profits. This is the biggest problem causing the failure of restructuring proceedings to date - says Maciej Roch Pietrzak.\n<\/div>\n

The length of court procedures is also a problem.<\/p>\n

- The courts are very busy the number of consumer bankruptcies<\/a>. This problem was signaled from the beginning, but the arguments for consumer cases of individuals to go to civil courts, not commercial ones, did not find recognition in the eyes of the legislator. Currently, this causes significant delays in conducting proceedings restructuring companies<\/a> \u2013 explains Maciej Roch Pietrzak.\n<\/div>\n
\nThe material appeared in the newspaper Puls Biznesu:
\n<\/b>
\n21 December 2018:
\n\" Restorative Law works<\/a>\n<\/div>","protected":false},"excerpt":{"rendered":"

Cho\u0107 trudno o spektakularny przyk\u0142ad restrukturyzacji, kt\u00f3ra zako\u0144czy\u0142a si\u0119 sukcesem, w ocenie ekspert\u00f3w nowe przepisy przynosz\u0105 efekt. Z ko\u0144cem grudnia min\u0105 dwa lata, odk\u0105d wesz\u0142o w \u017cycie nowe prawo restrukturyzacyjne. Zastrze\u017ce\u0144 do niego by\u0142o, jest i b\u0119dzie wiele. Mimo tego ustawa, cho\u0107 nie do ko\u0144ca dzia\u0142a tak, jak tego oczekiwano, spe\u0142nia swoj\u0105 rol\u0119. Pora\u017cki i sukcesy Z najbardziej spektakularnymi pora\u017ckami nowego prawa mieli\u015bmy do czynienia w 2017r. Wtedy to umorzono post\u0119powania sanacyjne sieci ksi\u0119garni Matras, delikates\u00f3w Alma czy dewelopera W\u0142odarzewska. – O niepowodzeniach w tych przypadkach, podobnie jak wi\u0119kszo\u015bci restrukturyzacji umorzonych w 2018r., zdcydowa\u0142o zbyt p\u00f3\u017ane rozpocz\u0119cie procedury oraz brak mo\u017cliwo\u015bci pozyskania nowego finansowania – m\u00f3wi Piotr Zimmerman, radca prawny i doradca restrukturyzacyjny w sp\u00f3\u0142ce Zimmerman Filipiak Restrukturyzacja. W tym roku umorzono post\u0119powania sanacyjne m.in. hurtowni lek\u00f3w Intra oraz du\u017cego kieleckiego dewelopera Dorbud. – Obie decyzje s\u0105d\u00f3w s\u0105 jeszcze nieprawomocne, ale ju\u017c sam fakt ich podj\u0119cia \u015bwiadczy o problemie ze skuteczn\u0105 sanacj\u0105 – m\u00f3wi Piotr Zimmerman. Mniej bankructw Ekspertom trudno wymieni\u0107 cho\u0107 jeden przyk\u0142ad, kiedy restrukturyzacja zako\u0144czy\u0142a si\u0119 sukcesem. Za takowy mo\u017cna uzna\u0107 niestandardowe rozwi\u0105zanie, kt\u00f3re zastosowa\u0142a sp\u00f3\u0142ka DGA Centrum Sanacji w przypadku Mennicy Metale Szlachetne, najpierw po\u017cyczaj\u0105c ratowanej firmie pieni\u0105dze na pezetrwanie, a potem sprzedaj\u0105c inwestorowi zak\u0142ad produkcyjny w Radzyminie. Natomiast Piotr Zimmerman zwraca uwag\u0119, \u017ce dzi\u0119ki post\u0119powaniom restrukturyzacyjnym wci\u0105\u017c dzia\u0142aj\u0105 tak du\u017ce firmy jak Ruch, Action czy sie\u0107 detaliczna Piotr i Pawe\u0142. Zgadza si\u0119 z nim Maciej Roch Pietrzak, prokurent w sp\u00f3\u0142ce PMR Restrukturyzacje, kt\u00f3ry uwa\u017ca, \u017ce przepisy prawa restrukturyzacyjnego s\u0105 szans\u0105, aby skutecznie pomaga\u0107 firmom. – Szczeg\u00f3lnie popularne s\u0105 przyspieszone post\u0119powania uk\u0142adowe, cho\u0107 w praktyce wcale nie s\u0105 szybkie. Bez w\u0105tpienia ustawa wymaga jeszcze pewnego doprecyzowania w kilku miejscach, ale to raczej potrzeba doszlifowania, a nie rewolucyjnych zmian – uwa\u017ca Maciej Roch Pietrzak. Ob\u0142o\u017cone s\u0105dy Jednym z najwi\u0119kszych problem\u00f3w restrukturyzowanych firm jest brak mo\u017cliwo\u015bci pozyskania finansowania. – Je\u017celi nawet firma handlowa z nadw\u0105tlon\u0105 p\u0142ynno\u015bci\u0105 wejdzie na czas w restrukturyzacje, to bez uzupe\u0142nienia p\u0142ynno\u015bci\u0105 nie odbuduje obrot\u00f3w i nie wygeneruje odpowiednich zysk\u00f3w. To najwi\u0119kszy problem powoduj\u0105cy dotychczasowe niepowodzenia post\u0119powa\u0144 restrukturyzacyjnych – m\u00f3wi Maciej Roch Pietrzak. Problemem jest tak\u017ce d\u0142ugotrwa\u0142o\u015b\u0107 procedur s\u0105dowych. – S\u0105dy s\u0105 ob\u0142o\u017cone du\u017c\u0105 liczb\u0105 upad\u0142o\u015bci konsumenckich. Ten problem by\u0142 od pocz\u0105tku sygnalizowany, lecz argumenty, \u017ceby sprawy konsumenckie os\u00f3b fizycznych trafia\u0142y do s\u0105d\u00f3w cywilnych, a nie gospodarczych, nie znalaz\u0142y uznania w oczach ustawodawcy. Obecnie powoduje to znacz\u0105ce op\u00f3\u017anienia w prowadzeniu post\u0119powa\u0144 restrukturyzacyjnych firm – t\u0142umaczy Maciej Roch Pietrzak. Materia\u0142 ukaza\u0142 si\u0119 w gazecie Puls Biznesu: dnia 21 grudnia 2018: \u00bb Ustawa naprawcza dzia\u0142a<\/p>","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[19],"tags":[],"ppma_author":[30],"class_list":["post-432","post","type-post","status-publish","format-standard","hentry","category-blog"],"authors":[{"term_id":30,"user_id":12,"is_guest":0,"slug":"teampmr-restructuring-pl","display_name":"Zesp\u00f3\u0142 PMR","avatar_url":{"url":"https:\/\/pmr-restrukturyzacje.pl\/wp-content\/uploads\/2024\/10\/logo2-e1729926426335.png","url2x":"https:\/\/pmr-restrukturyzacje.pl\/wp-content\/uploads\/2024\/10\/logo2-e1729926426335.png"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/pmr-restrukturyzacje.pl\/en\/wp-json\/wp\/v2\/posts\/432","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pmr-restrukturyzacje.pl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pmr-restrukturyzacje.pl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pmr-restrukturyzacje.pl\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/pmr-restrukturyzacje.pl\/en\/wp-json\/wp\/v2\/comments?post=432"}],"version-history":[{"count":0,"href":"https:\/\/pmr-restrukturyzacje.pl\/en\/wp-json\/wp\/v2\/posts\/432\/revisions"}],"wp:attachment":[{"href":"https:\/\/pmr-restrukturyzacje.pl\/en\/wp-json\/wp\/v2\/media?parent=432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pmr-restrukturyzacje.pl\/en\/wp-json\/wp\/v2\/categories?post=432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pmr-restrukturyzacje.pl\/en\/wp-json\/wp\/v2\/tags?post=432"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/pmr-restrukturyzacje.pl\/en\/wp-json\/wp\/v2\/ppma_author?post=432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}