Majority of debt claims filed in restructuring proceedings are expressed in Polish zloty; yet, there are also some expressed in foreign currencies. If such is the case, how shall we proceed? If a debt claim is expressed in a foreign currency, the amount claimed needs…
A new Act amending some legal regulations came into force and effect on 7 April 2017. The Act is aimed to facilitate debt recovery by introducing many procedures to the advantage of the creditors. Apart from the Registry of Public Debt, which shall register the…
One of the articles previously published on this blog has already presented new amendments to the Act on wildlife conservation and the Act on forest conservation. The amendments removed a number of restrictions concerning tree and shrub clearance. After long term protests in Poland, on…
Set-off is a procedural defence regulated by the Civil Code. A question, however, arises how the provisions of the Civil Code correlate with the provisions of the restructuring law. Firstly, it needs to be stated that there are no limitations to the debt claims set-off…
In Article 126 of the Real Estate Management Act of 21 August 1997, the legislator provided for an option of temporary seizure of real property in a force majeure event or in an immediate need of serious damage prevention. In such events, a county administrator…
A debt claim acquired during restructuring proceedings will not automatically mean acquisition of the right to vote at creditors’ meetings. Such a voting right will depend on the manner of a debt claim acquisition. A debt claim can be acquired by way of singular succession,…
This headline is a paraphrase of the advertising slogan of a well-known whisky brand coined after the National Bank of Switzerland „freed” the exchange rate of Swiss franc on January 15, 2015. This date has been noted as another „Black Thursday”. As a result of…
On 1 January 2017 new amendments to the Act on wildlife conservation and the Act on forest conservation came into force and effect. The amendments introduce major changes in the tree and shrub clearance rules providing for new exemptions from the permission requirement. Previous regulations…
A new amendment to the Civil Code on a commercial proxy came into force and effect on 1 January 2017. The amendment pertains to the so-called joint irregular proxy. The aforementioned proxy has been known and used in practice by the entrepreneurs for many years,…
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