Restructuring gains more and more attention

Last year in Poland, there were almost 1,650 notifications about the opening of a simplified restructuring procedure. Although district courts have incomplete data, experts have no doubts as to the scale of its dissemination. They believe that it was less formalized than the currently amended procedure for approval of the arrangement. The amendment entered into force on December 1, 2021, together with the National Register of Debtors. And thanks to it, creditors gain transparency of activities.