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New law on restructuring insolvency

On January 1, 2016 new Law on Restructuring Insolvency entered into force. It regulates the procedures which aim at protecting the enterprises against insolvency and - as a result - agains bankruptcy. The debtor concludes the agreement with the creditors through which its total debt is restructured (reduced and/or delayed).    

 

Copyright (C) Agata Adamczyk - Kraków 2010
Zdjęcia: Jacek Nosal