Advisors will speed up corporate restructuring – there will be new regulations
9 July 2025 • Autor: Kancelaria Brysiewicz Bokina i Wspólnicy
Restructuring consultants will soon take over some of the duties of bankruptcy courts. The goal is to speed up the restructuring path for companies experiencing liquidity problems resulting from an epidemic situation.
It will now be particularly important to facilitate the initiation of proceedings for approval of the arrangement, which is a kind of contract. The arrangement can also include the employees of the restructured company, but this can only be done with their consent, as it involves, for example, a temporary reduction in salary. Wojciech Bokina, restructuring advisor and legal counsel, comments the legal changes for Puls Biznesu:
Thus, initiating restructuring proceedings and freezing payments until the proceedings are opened and agreeing with employees that they will agree to reduce their salaries may be a way for some companies, or even industries, to wait out a hard time of revenue shortfalls or significant reductions.
Entire text available on pb.pl
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