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Information on bankruptcy and restructuring procedures moved to another year

New obligations of companies in 2021 extended to submit applications to the KRS only electronically.

New obligations of companies in 2021 extended to submit applications to the KRS only electronically.

What else awaits us with the digitisation of procedures?

Entry into force of the amendments by the President Act dated 13 February 2020 amending the Act – Code of Civil Procedure and some other...

New obligations of companies in 2021 extended to submit applications to the KRS only electronically. What else awaits us with the digitisation of procedures?

Entry into force of the amendments by the President Act dated 13 February 2020 amending the Act – The Code of Civil Procedure and some other laws has been moved to 2021. We'll be applying in eKRS from March, but not this, just another - 2021.

one The National Debt Register (PRC) is also to be new. It will replace the practically useless register of insolvent KRS debtors and marginalise the role of Judicial and Economic Monitor (MSiG)

The purpose of the CRS is to:

  • • creating better conditions for the exit of economic operators from difficult economic situations;
  • • to prevent the paralysis of restructuring and bankruptcy courts linked to the increase in the number of cases pending;
  • • improving the functioning of restructuring and bankruptcy courts;
  • • improving restructuring and bankruptcy proceedings;
  • • allow access to bankruptcy and restructuring information to creditors, courts and other interested persons residing or established in other EU Member States;
  • • creation one a register for all entities that are insolvent or in difficulty.

The new system will publish information on the submission of a restructuring application or an application for bankruptcy; lists and lists of receivables, condition and composition of the bankruptcy, as well as on-going information on the stage at which the proceedings are conducted.

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Legal updates

Obligations of traders to provide non-cash payments

As part of the amendment package under the noisy name Polish Deal, which most of the solutions entered into force at the beginning of January 2022, to stimulate a new impetus for the gradually growing trend in the market for non-cash payments, and at the same time to counter and combat the gray...

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Deduction – what is involved and when possible

Deduction is a legal institution regulated in Article 498-505 KC.

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Business secrecy in the context of changes to the Public Finance Act - comment

From 1 July 2022 information on all contracts exceeding the value 500 PLN, which from the beginning of this year have been concluded by public authorities (including JST), will be public and will be entered in the register kept by the Minister of Finance.