In New York, the 55th session of the Working Group of the V Insolvency Law UNICITRAL takes place, in which the group of experts representing Poland constantly participates. The partner of our Law Firm, Bartosz Groele, has been in this group for many years as an expert in the field of restructuring and insolvency law.
During the session, final work will be held and discussions on model regulations regarding the insolvency of groups of companies (https://undocs.org/en/A/CN.9/WG.V/WP.165). This topic accompanies the work of experts from many sessions and has been finalized. In the face of the trend related to the optimization of risk of economic undertakings and the lack of national regulation, the works are paving the way for discussion about possible solutions for Poland. Also, the topic of insolvency of micro, small and medium enterprises is taken (https://undocs.org/en/A/CN.9/WG.V/WP.165), which in the face of guidelines dedicated, among others, to Poland in the field of European regulations makes the issue extremely current. We encourage you to read the starting materials for the work, the report and the record of the discussion, which can be found in the following link (https://uncitral.un.org/en/working_groups/5/insolvency_law).