Bankruptcy law
Polish bankruptcy law
Insolvency proceeding is a procedure that at first glance may have only a local and geographically limited influence. Such an assumption can, however, be deceptive and ignore international trade without borders which obviously is the case when it comes to European Union. This statement is particularly important today; and not only because international entrepreneurs are investing in Poland, but because of the membership in the European Union, which has made the exchange of goods and capital easier than ever before.
Polish bankruptcy law can be important for clients mainly for two main reasons:
- the Polish subsidiary has got into financial difficulties and the foreign parent company has to separate from its Polish branch;
- the Polish contracting party has filed for bankruptcy and the foreign creditor has to submit his claims to register with the insolvency administrator in Poland and participate in the bankruptcy proceedings.
Both scenarios have already been part of the legal practice of the KOZLOWSKI law firm several times. Our lawyers have successfully defended the parent company from claims from Poland and asserted the rights of creditors from the bankruptcy assets.
International insolvency proceedings with a view to Poland
Insolvency proceedings - a procedure that at first glance may have a local and geographically limited influence. Such an assumption can, however, be deceptive and ignore international trade without borders. This statement is particularly important today; And not only because German entrepreneurs are among the largest exporters to Poland, but because our countries belong to the European Union, which has made the exchange of goods and capital easier than ever before.
You can find the entire article on international insolvency law here: