Law Firms Join Forces for Business in Times of Crisis

9 July 2025 • Autor: Kancelaria Brysiewicz Bokina i Wspólnicy

The reigning SARS-CoV-2 pandemic and the restrictions associated with the nationwide quarantine are negatively affecting the solvency of many businesses, starting with the travel, transportation, hotel, entertainment or event industries. The economic impact will worsen and, unfortunately, almost all businesses will be affected. Difficult, sometimes uncompromising decisions are needed to find their way in this new reality. No less important is expert assistance to safeguard the company on its way over the precipice. Responding to the current critical situation, two law firms – Nowacka & Górnicki and Brysiewicz & Partners – decided to take advantage of the synergy effect, uniting competencies in restructuring and bankruptcy law in a joint offering.

Knowledge of the possibilities of getting out of problems, thanks to the solutions provided by the restructuring law, as well as awareness of the responsibility of entrepreneurs for failure to file for bankruptcy, is becoming, in the face of increasing difficulties, essential.

Judicial restructuring is a real and tangible help for companies in crisis, provided that bankruptcy and restructuring processes are entrusted to entities that have experience in conducting large and effective proceedings

– says Wojciech Bokina, legal advisor restructuring consultant, partner of Brysiewicz and Partners law firm.

Therefore, at a time of global business “reboot”, we decided to enter into cooperation, creating a “one pit stop”- a center for comprehensive support of the entrepreneur

– Bokina adds.

The key concept today, repeated like a mantra, is insolvency. An entrepreneur who is insolvent is one who has lost the ability to settle mature obligations (debts), and in the case of capital companies, also when the company’s liabilities exceed the value of its assets, and this condition persists for a period exceeding 24 months. In turn, the concept of judicial restructuring includes all the activities related to bringing about the opening of restructuring proceedings by the court against an insolvent debtor, its smooth conduct and completion in the form of a concluded agreement, and the subsequent implementation of its objectives. However, preparing a company for judicial restructuring proceedings and going through the entire procedure without complications requires expertise and practice not only in the field of restructuring law issues.

In view of the government’s announcements regarding the provision of assistance to entrepreneurs, knowledge of public assistance in restructuring, which will be crucial to the effectiveness of many pending proceedings, may prove particularly important in restructuring proceedings opened in the near future. In the field of state aid, Brysiewicz and Partners law firm cooperates with long-time practitioners and, at the same time, academic authorities in this field, i.e.: Rafal Poździk, Ph.D., professor at the Maria Curie-Skłodowska University (UMCS), or Magdalena Porzezynska, Ph.D., lecturer at the University of Warsaw. In turn, the Nowacka & Górnicki law firm’s team consists of experienced restructuring advisors. As receivers, court supervisors or administrators, they have conducted more than 200 bankruptcy and restructuring proceedings, cooperating with bankruptcy and restructuring courts throughout Poland.

The need to create an even stronger and more comprehensive team around the institution of a receiver, supervisor or administrator led to the decision to cooperate our entities to better respond to the needs of Polish entrepreneurs struggling with the “invisible enemy.” This is a combination of the extensive practice of restructuring advisors on the implementation of the various stages of court proceedings with the litigation experience of legal advisors

– assures Michal Górnicki, a licensed restructuring consultant and partner of Nowacka & Górnicki Restructuring Law Firm.

Thanks to the synergies achieved by combining the professionalism of a law firm and a firm of restructuring consultants, companies that are insolvent or at risk of insolvency as a result of the restrictions and loss of revenue that have been put in place have a chance to realistically restructure and avoid bankruptcy without overlooking the interests of creditors.

#OnePitStop