Licensed to provide restructuring consulting

In 2016, a new Restructuring Law and an amendment of the Bankruptcy Law came into force

The new regulations have significantly expanded the room to manoeuvre for organizations in difficult situations, including the ability to avail themselves of a range of new types of procedures. The legislative changes have also given creditors greater ability to influence processes which they are a party to. 

At the same time, the provisions currently in force give creditors and debtors the ability to influence the choice of restructuring advisor, acting as supervisor, administrator, or general receiver in the proceedings. 

 


The general principle introduced by the new regulations is the "second chance" policy, giving a preference to restructuring proceedings over bankruptcy.   

The new regulations significantly change and expand the scope of duties for entities acting as general receivers, supervisors or administrators in restructuring and bankruptcy proceedings.  

That means that aside from legal competence, restructuring advisors also increasingly need to bring to bear knowledge in the fields of finance, management, and optimizing operational activity. The right sectoral experience is also becoming increasingly relevant. 

 


 

Restructuring procedures may offer a way of coping with a company's current liquidity problems or financial trouble. If taken early enough, such measures may protect a company from decreased profitability of operations, and in extreme cases from insolvency or bankruptcy. 

 

Are you a creditor?

  • Is your debtor insolvent or at risk of insolvency?
  • Is your debtor planning to file for restructuring or bankruptcy?
  • Are you involved in a restructuring procedure as a creditor?
  • Are you wondering about the possible options available for taking action from the creditor's perspective?

Do you represent a company experiencing a crisis or one at risk of insolvency?

  • Are you worried about your company's financial situation?
  • Is your business in danger of insolvency?
  • Are you afraid that your company's condition will further worsen if remedial measures are not taken?
  • Are you wondering about the optimal path of action to successfully navigate through a crisis?




What can we do?

Depending on your needs, we:

  • analyse the company's situation analyse the company's situation
  • devise an optional restructuring solution devise an optional restructuring solution
  • work out a restructuring plan and debt reorganization proposals work out a restructuring plan and debt reorganization proposals
  • assist in the process of working out the terms of a debt reorganization agreement and putting it into effect assist in the process of working out the terms of a debt reorganization agreement and putting it into effect.


 

"As a licenced restructuring advisor we have the ability to act as supervisor, administrator, or general receiver in restructuring or bankruptcy proceedings. With our wide range of competence, we combine the functions of business advisor, financial advisor, and legal advisor, while at the same time being able to bring broad sectoral knowledge to bear."

Borys Drajczyk, Senior manager, Licensed Restructuring Advisor

 

 

Contact us

Paweł Dżurak

Partner, PwC Poland

Tel: +48 502 184 697

Cezary Żelaźnicki

PwC Legal Partner, Attorney-at-law, PwC Poland

Tel: +48 519 507 081

Aleksandra Bańkowska

Counsel, Advocate, PwC Poland

Tel: +48 519 507 324

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