Glatzova & Co has advised the Vitkovice foundries on the negotiation and preparation of the reorganization plan and the approval of the prepackaged reorganization, including the preparation of credit financing to ensure liquidity during insolvency proceedings.
New Remedies for Companies in Financial Distress. Brief Considerations on the Restructuring Agreement
In Romania, even the most optimistic estimates show that only a handful of companies (less than 10%) manage to reorganize through insolvency, as previously regulated by Law 85/2006 and then by Law 84/2014 on insolvency prevention and insolvency proceedings (“Law 85/2014”).
Changes to Taxation Rules for Cross-Border Reorganisations in Poland
The landscape of cross-border reorganisations in Poland has undergone significant changes with the amendments to the Code of Commercial Companies, effective as of 15 September 2023. The revisions introduce a pivotal element – the requirement for a certificate of compliance with Polish law for cross-border reorganisations.
Milena Radulovic Makes Partner at CT Legal
CT Legal has promoted Milena Radulovic to Partner.
Tax Aspects of the Amendment to Poland's Code of Commercial Companies in Domestic Company Reorganisations
The recent amendments to the Code of Commercial Companies (CCC) introduced on September 15, 2023, have prompted a review of the Polish Tax Ordinance System Act, stemming from concerns raised by tax advisers regarding potential discrepancies in the tax laws that may lead to interpretational disputes between taxpayers and authorities.
White & Case Advises EP Group on Lock-up Agreement for Casino Group's Financial Restructuring
White & Case has advised EP Equity Investment III on a lock-up agreement relating to Casino Group's financial restructuring, alongside Fimalac and Attestor, with the Casino Group and some of its main creditors.
Key Amendment to the Code of Commercial Companies in Cross-Border Company Reorganisations
The new provisions of the Code of Commercial Companies, which came into force on 15 September 2023, include a number of changes regarding cross-border and domestic mergers, divisions and conversions of commercial law companies. This is yet another major amendment to the Act, introduced less than a year after a significant amendment specifically concerning the formation and operation of capital groups, as well as changes to the rules of operation of company bodies, came into force.