Are Polish distressed assets selling more smoothly?
CAN DISTRESSED ASSETS BE DISPOSED OF MORE QUICKLY DURING THE UPCOMING ECONOMIC DOWNTURN?
On 24 March 2020, amendments to the Polish bankruptcy law came into force, including the amendments regarding pre-packaged sales. The pre-pack sale procedure was highly praised by restructuring practitioners a few years ago, but what are experts saying now?
Lech Giliciński and Joanna Gąsowski, restructuring lawyers of Wolf Theiss Warsaw, comment on yesterday’s amendments to the Polish Bankruptcy Law.
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