Poland: Dynamics, participants, statistics and the future by Dr Patryk Filipiak

The Polish Restructuring Law of 2015 allows for the conclusion of an arrangement with creditors in out-of-court proceedings (“arrangement approval proceedings”).

It is one of four proceedings under the Law. Creditors’ votes are collected by the debtor under the supervision of an arrangement supervisor. Having obtained the majority of two thirds of the value of claims, the arrangement is approved by the court.