postępowanie sanacyjne
English translation: remedial proceedings
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| 18:40 Feb 18, 2022 |
| Polish to English translations [PRO] Law/Patents - Law (general) / upadłość | |||||||
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|  Selected response from: Frank Szmulowicz, Ph. D. United States Local time: 21:11 | ||||||
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| Summary of answers provided | ||||
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| 5 | restructuring proceedings |
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| 2 +1 | remedial proceedings |
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| 3 | rehabilitation proceedings |
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| Discussion entries: 4 | |
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Answers
10 mins confidence: 
peer agreement (net): +1
peer agreement (net): +1remedial proceedings Explanation: Remedial (“sanation”) proceedings Involves complex reorganization under the strict supervision of the court, allows restructuring tools like conversion of debt to equity or the sale of the debtor’s assets. Ordinary administration by debtor may be permitted with the court’s consent. The Restructuring Law also provides for certain hardening periods which apply in the case of the opening of remedial (sanation) proceedings https://www.clearygottlieb.com/~/media/organize-archive/cgsh... -------------------------------------------------- Note added at 11 mins (2022-02-18 18:51:35 GMT) -------------------------------------------------- Remedial proceedings The remedial proceedings is the type of restructuring proceedings, which are regulated in Act of 15 May 2015 – Restructuring Law. This type of procedure allows protecting interests of both creditors and debtor. The creditors are able to collect their receivables, while the debtor is allowed to conduct its business activity. This type of procedure is applicable when there are chances to avoid bankruptcy and then liquidation proceedings with regard to debtor. However, the provisions of abovementioned Act strictly regulate the procedure. Remedial actions shall include legal and factual actions, which aim to improve the economic situation of debtor and restore its capacity to perform obligations and simultaneously protect it against enforcement proceedings. https://www.dudkowiak.com/debt-collection-in-poland/remedial... |
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Grading comment
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2 hrs confidence:
rehabilitation proceedings Explanation: - -------------------------------------------------- Note added at 2 hrs (2022-02-18 21:16:44 GMT) -------------------------------------------------- https://ndvlaw.com/the-financial-rehabilitation-and-insolven... rehabilitation refers to the restoration of the debtor to a condition of successful operation and solvency -------------------------------------------------- Note added at 15 hrs (2022-02-19 10:33:04 GMT) -------------------------------------------------- https://czasopisma.beck.pl/monitor-prawa-handlowego/artykul/... Pozycja wierzyciela rzeczowego w postępowaniu sanacyjnym – zagadnienia wybrane The status of collateralized creditor in rehabilitation proceedings – selected issues |
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1 day 11 hrs confidence:
restructuring proceedings Explanation: tak Example sentence(s):
https://www.paih.gov.pl/polish_law/bankruptcy_law_and_restructuring_proceedings |
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