Restructuring is a process that requires certain effort on part of the debtor, who needs to draft reasonable and coherent composition proposals and then convince creditors and the court as to their merits. Professional legal assistance and careful elaboration of composition proposals often play a key role in the success of the whole case.
Zimmerman & Partners lawyers have frequently advised creditors in the course of composition bankruptcy procedure, replaced under new legislation by the aforementioned restructuring law. Our team has participated in voting at creditors’ meetings, assisted in negotiating composition terms, supported debtors and creditors in negotiations aimed at rescuing an enterprise and ensuring greater satisfaction of creditors.
In 2015, partners from our law firm contributed to the establishment of a separate company dedicated to restructuring of enterprises. The company was incorporated under the name of Zimmerman Filipiak Restrukturyzacja S.A. and is authorised to provide restructuring advisory services and to act as administrator, receiver or composition supervisor in restructuring proceedings, or as official receiver in bankruptcy proceedings.