On 5-7 May 2021 a session of V Working Group of Insolvency Law (UNICITRAL) will take place. Once again, the Partner of the Law Office, advocate Bartosz Groele will be among the delegates from the Ministry of Development, Labor and Technology. Although it is New York that will host the event this year, due to the pandemic the deliberations will be held predominantly online. This session will be operated from Vienna where delegates will be able to attend in person. The work on the draft text concerning the simplification of the bankruptcy system will be continued, with the aim of presenting the final draft to the Commission. You can read the meeting’s agenda at the link below: https://undocs.org/en/A/CN.9/WG.V/WP.171
We are pleased to announce that on 20 April 2021 the District Court for the Capital City of Warsaw in Warsaw, after more than two years of proceedings regarding the prohibition to operate business activity pursuant to Article 373 of Bankruptcy Law, decided to dismiss the application filed against our client, who was a former member of the management board of a large listed company which was part of a capital group providing comprehensive operator services within their fiber-optic infrastructure throughout the country.
It should be noted that he is the second member of the management board of this company to instruct in a similar case advocate Bartosz Groele and advocate Kamil Strus. The previous case has already been legally decided in favour of our client. We are very pleased that we have had the opportunity to effectively secure our clients’ interests in advanced economic proceedings
We are pleased to announce that on 14 April 2021 the District Court for Kraków Śródmieście, VIII Commercial Division, approved the arrangement in the accelerated arrangement proceedings of our client operating in the meat industry. The proceedings were handled by the team of the Law Office, with advocate Barosz Groele and advocate Bartosz Magnowski at the helm. The sum of the claims covered by the arrangement is over PLN 12 million. It is worth emphasizing that the required 90% of support for the agreement was obtained thanks to the professionally conducted negotiations.
TGA Law Office focuses on the highest quality of customer service by enhancing its expertise in selected areas of law. Over the last years of development, the Law office has gained a reputation among the best specialists in Poland in the field of restructuring, bankruptcy and broadly understood commercial law. Currently, the team of the Law Office focuses on the issues related to the so called ‘Paulian complaint’, restructuring of capital groups, cross-border restructuring processes or support for capital market transactions.
The Law Office currently cooperates with over 20 people with many years of experience in this area of expertise. To name but a few, we cooperate on a permanent basis with two distinguished experts: prof. dr hab. Dariusz Wędzki and Dr. Marek Porzycki who are of counsel to the services we render.
Thank you for your trust and we invite you to cooperation!
On March 24-25, 2021, the Partners of the Law Office, advocate Bartosz Groele together with advocate Bartosz Magnowski and attorney-at-law Wojciech Młock had the pleasure to conduct an online training for the staff of the Agency for Restructuring and Modernization of Agriculture. These workshops covered the issues connected with restructuring and bankruptcy law. This is another training conducted recently by the experts from the Law Office.
TGP law firm partner, advocate Bartosz Groele, an expert in restructuring law, gave an interview to the news service for the shopping center market and retail sales professionals in Poland – retailnet.pl. Accompanied by Joanna Smolarczyk – a specialist in building business models – together they discussed the restructuring options which may be beneficial not only for the tenants but also for the landlords. In the interview, Mr. Groele referred to the difficult situation of the shopping centers caused by the pandemic and described the restructuring procedure and its basis in the legal regulations.
Feel free to read the interview at: https://retailnet.pl/2021/03/15/83804-wywiad-j-smolarczyk-varsedge-ib-groele-kancelaria-tomasik-groele-i-partnerzy-restrukturyzacja-moze-byc -profitable-not-only-for-tenants-but-and-landlords /
An article by advocate Bartosz Groele and trainee attorney-at-law Dominika Koss, entitled “The rules and regulations of the creditors’ council in restructuring proceedings 2.0”, was published in the latest issue of the Doradca Restrukturyzacyjny quarterly. The authors of the article raise important issues, regarding the necessity to hold meetings of the creditors’ council and to vote remotely at such meetings. Based on the authors’ own experience and on the earlier publication of Mr. Groele, a new model of rules and regulations of the creditors’ council has been proposed, which would include the issues of conducting remote meetings. We encourage you to read the article.
Another edition of postgraduate studies in the field of restructuring, bankruptcy and financial law, organized by the Department of Economic Policy of the Jagiellonian University in Krakow, has just started. The practical dimension of the studies is guaranteed by the lecturers, who are scientists dealing with bankruptcy and restructuring issues, as well as outstanding practitioners. So we are pleased to announce that in this year’s edition of the studies, advocate Bartosz Groele, a partner at the TGP law firm, has joined an impressive group of lecturers. He will conduct not only workshops, but also give lectures. The study program is extremely interesting and practical. The aim of the studies is to provide basic information in the field of accounting, methodology of expert work, economics and understanding of the economic processes against which bankruptcy occurs. In addition to the broadly understood issues in the field of restructuring and bankruptcy, special attention should be paid to, i.a., topics related to actio pauliana or mediation.
A detailed study program along with the speakers at specific classes is available at https://www.law.uj.edu.pl/~kpg/studia-podyawodowe-i-kursy/2564-2/
We are delighted to inform you that the team of the Law Office headed by Partner Bartosz Groele, attorney-at-law, with Mateusz Grzeszczyk, the trainee, and Ewa Tkaczuk, attorney-at-law, at its initial stage, successfully carried out the prepared liquidation procedure under the so-called consumer bankruptcy procedure.
On December 28, 2020, the 5th Commercial Division of the District Court in Opole announced consumer bankruptcy, at the same time approving the conditions for the sale of the debtor’s property of significant value. The case is a precedent because until recently it was not clear whether it was permissible to use the institution of pre-pack in consumer bankruptcy proceedings. Thanks to the amendment to bankruptcy law of March 2020, the possibility of submitting such an application was explicitly allowed. The decision of the court in Opole may be considered one of the first in this matter.
Recruitment has started for open postgraduate studies on “Restructuring and Bankruptcy Law”, which will be conducted from January until the end of September 2021 at the Jagiellonian University. The recruitment lasts until October 25 this year, and the order of applications decides on its results. Please enrol via the website. The qualification form can be found at the link below
In principle, classes will be held on Saturdays and Sundays, twice a month, with a holiday break in July and August, with the possibility of switching to remote classes, depending on the current epidemiological situation. The lectures are aimed at providing comprehensive information in the field of economics, accounting, methodology of expert work and in-depth understanding of the economic processes against which bankruptcy or insolvency occur. Moreover, you will be furnished with an up-to-date expert knowledge in the field of restructuring and insolvency law as well as in the field of other branches of law, such as criminal, civil and financial law. The studies last two semesters and finish with a final exam.
The speakers at this postgraduate program will be both people conducting research in the area of bankruptcy and restructuring issues, as well as outstanding practitioners, among others: judges of administrative courts, common courts, the Supreme Court, advocates, attorneys-at-law and court experts. We encourage you to read the detailed program of the studies at the link below