Let’s come to some sort of an arrangement...

Restructuring, bankruptcy, a trustee in the reorganisation – these are words that engender mixed feelings and negative connotations in Poland. Real estate companies are no exception, because they are often in a worse legal and financial situation than those in other sectors. The new ‘Restructuring Law’ act will introduce entirely new restructuring institutions, partly based on practices from other markets. Of course, there are certain gaps in the new law, as the market representatives participating at our event agreed. The lively discussion was attended by lawyers, representatives of banks, developers, investors, consultancies, trustees in reorganisation and financiers, as well as people who advised legislators on the new bankruptcy law. “The old law mostly ended up in the liquidation of an enterprise, whereas it was possible to avoid this in the majority of cases. Hence the need to change the law to make life easier for companies,&