Today, June 10, 2021, Partner of the Law Office, advocate Bartosz Groele participated in a scientific seminar devoted to current problems of bankruptcy and restructuring law, organized by the Department of Commercial Law of the University of Gdańsk and the Fahrenheit University Association. The topic of the lecture was: “Regulating capital groups in restructuring and bankruptcy law – are changes needed?”. The seminar was devoted to issues related to the implementation of Directive 2019/1023 on preventive restructuring frameworks, on discharge of debt and disqualifications, and on measures to increase the efficiency of procedures concerning restructuring, insolvency and discharge of debt. The seminar also concerned the assessment of simplified restructuring proceedings which were introduced by Shield 4.0, which also functions as a pilot solution for the measures provided for in the Directive.
On Saturday, 29 May 2021, Partner of the Law Office advocate Bartosz Groele had a pleasure to hold classes at post-graduate studies at the Jagiellonian University in Cracow. He discussed management of insolvency of a group of companies. In particular, he discussed the issues related to domestic and foreign law.
We are pleased to announce another success of the Law Office. On 24 May 2021 the District Court for the Capital City of Warsaw in Warsaw approved an arrangement in accelerated arrangement proceedings under a partial arrangement for a leading automotive industry company. The sum of the liabilities covered by the arrangement is approximately PLN 8 million and the arrangement was supported by 100% of the creditors. The case was handled by the team of the Law Office under the supervision of advocate Bartosz Groele, advocate Bartosz Magnowski and attorney- at-law Agnieszka Kuciak.
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.