A summary of the final paper from the 2013 Richard Turton Award winner, Advokat Danuta Brzezińska

REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL AND THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE on the application of Council Regulation (EC) No 1346/2000 of 29 May 2000 on insolvency proceedings The European Commission has published its report on the application of the EC Regulation on Insolvency Proceedings, together with proposals for amendments to the Regulation.

Appointment Pursuant to article 157 item 1 of the Bankruptcy and Rehabilitation Law (Journal of Laws, 2009, item 175, no.

This update considers the validity of a transfer agreement under which one party instructs another to transfer funds to a third-party creditor of the instructing party, when the instructing party is declared bankrupt before completion of the transfer. Introduction A 'transfer agreement' is defined in the Civil Code(1) as follows: "Whoever transfers to another party (the transferee) a performance of a third party (the transmittee), he shall authorize thereby the transferee to accept that performance and the transmittee to effect it on the account of the transferor."

Judges who adjudicate in bankruptcy cases admit that, in practice, preparing a petition for bankruptcy within two weeks of the moment at which the company ceases to pay its debts, as the law requires, is extremely difficult.

Welcome to the fifth edition of this publication which has been compiled by the Salans Global Corporate Group comprising experienced lawyers from each of our 22 offices. Previous editions have dealt with: the establishment of companies and partnerships in key jurisdictions; the use of warranties in international acquisitions; the issue and transfer of securities in key jurisdictions;and governmental approvals and third party consents in corporate transactions.

THE INTERNATIONAL SCENE: (citation: Karolina Niemirska-Fido and Richard A. Walawender, Poland’s Revised Bankruptcy, Reorganization Law, XXIX ABI Journal 5, 32-33, 41 June 2010) - Karolina Niemirska-Fido and Richard A. Walawender