Services<\/p><\/div>
Restructuring including liquidation arrangement<\/h1><\/div><\/div><\/div><\/div><\/div>There are currently four restructuring proceedings available in Poland, of which the arrangement approval proceedings<\/strong> is by far the most popular. According to data as of the end of 2023, it accounts for approximately 92% of all restructurings opened in our country in 2023
\n(source: https:\/\/www.mgbi.pl\/raporty\/postepowania-upadlosciowe-i-restrukturyzacyjne-raport-2024\/<\/a><\/u>).<\/p>\nEach of the restructuring proceedings has its own specificities, advantages and disadvantages, which is why we believe that the choice of one of them should be preceded by a prior analysis of the company in question, taking into account the Client’s business objectives.<\/p>\n
We know from experience that the wrong choice of an appropriate procedure may be difficult to rectify at a later stage, which is why we do not always recommend the currently most popular arrangement approval procedure as the best solution to the Client’s problems. In some cases, it will be in the Client’s interest to initiate a more formalised and longer judicial restructuring procedure or to carry out a completely out-of-court restructuring.<\/p>\n
The following is a brief description of each of the four restructuring proceedings currently available.<\/p>\n<\/div><\/div><\/div><\/div><\/div>
<\/i>Arrangement approval proceedings<\/strong><\/h3><\/div>The arrangement approval proceedings (also abbreviated as AAP<\/strong>) is the simplest, quickest and most efficient restructuring procedure. It is initiated and almost entirely conducted by the supervisor of the arrangement (chosen by the debtor himself). Only at the final stage does it require the involvement of the court approving the arrangement.<\/p>\nAAP is available to an entity both insolvent and just at risk of insolvency. It can be initiated practically overnight, without having to wait for a long time for a court decision, as is the case with other, judicial restructuring proceedings.<\/p>\n
In these proceedings, it is possible to obtain full protection from enforcement (stay of enforcement)<\/strong> and the termination by creditors of key contracts for the running of the business.<\/p>\nThe AAP course and framework can be illustrated by the diagram below:<\/p>\n<\/div>
![](\"https:\/\/tatara.com.pl\/wp-content\/uploads\/2024\/05\/image-17-1.jpg\" "\\"image")
<\/span><\/div>Below is a brief introduction to AAP in an accessible video format:<\/p>\n<\/div>
There are currently four restructuring proceedings available in Poland, of which the arrangement approval proceedings<\/strong> is by far the most popular. According to data as of the end of 2023, it accounts for approximately 92% of all restructurings opened in our country in 2023 Each of the restructuring proceedings has its own specificities, advantages and disadvantages, which is why we believe that the choice of one of them should be preceded by a prior analysis of the company in question, taking into account the Client’s business objectives.<\/p>\n We know from experience that the wrong choice of an appropriate procedure may be difficult to rectify at a later stage, which is why we do not always recommend the currently most popular arrangement approval procedure as the best solution to the Client’s problems. In some cases, it will be in the Client’s interest to initiate a more formalised and longer judicial restructuring procedure or to carry out a completely out-of-court restructuring.<\/p>\n The following is a brief description of each of the four restructuring proceedings currently available.<\/p>\n<\/div><\/div><\/div><\/div><\/div> The arrangement approval proceedings (also abbreviated as AAP<\/strong>) is the simplest, quickest and most efficient restructuring procedure. It is initiated and almost entirely conducted by the supervisor of the arrangement (chosen by the debtor himself). Only at the final stage does it require the involvement of the court approving the arrangement.<\/p>\n AAP is available to an entity both insolvent and just at risk of insolvency. It can be initiated practically overnight, without having to wait for a long time for a court decision, as is the case with other, judicial restructuring proceedings.<\/p>\n In these proceedings, it is possible to obtain full protection from enforcement (stay of enforcement)<\/strong> and the termination by creditors of key contracts for the running of the business.<\/p>\n The AAP course and framework can be illustrated by the diagram below:<\/p>\n<\/div> Below is a brief introduction to AAP in an accessible video format:<\/p>\n<\/div>
\n(source: https:\/\/www.mgbi.pl\/raporty\/postepowania-upadlosciowe-i-restrukturyzacyjne-raport-2024\/<\/a><\/u>).<\/p>\nArrangement approval proceedings<\/strong><\/h3><\/div>
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