36 www.lawyer-monthly.com Lawyer Monthly Legal Awards 2024 faced severe financial distress due to overstocking at high prices. We navigated one of Poland’s largest restructurings in this category of proceeding in 2023, securing court approval in the first instance while maintaining the core business and preserving all jobs. The case was particularly complex due to international suppliers and fluctuating markets, but we managed to stabilize the company and it now ranks among the top 100 fertilizer suppliers in Poland. How has the landscape of insolvency and bankruptcy law in Poland evolved in recent years, and what future changes do you anticipate? Poland’s insolvency landscape has undergone significant changes, particularly following the 2016 reforms, which separated restructuring law from bankruptcy law. One key development during the COVID-19 pandemic was the introduction of a simplified restructuring procedure, allowing for out-of-court restructuring. These reforms have given businesses more flexible tools to avoid liquidation, resulting in a marked increase in restructuring cases. Looking ahead, I expect further digitalization of insolvency processes, driven by EU directives, as well as greater emphasis on preventive restructuring. The rise of AI and advancements in digitalization will also accelerate procedures, especially in international contexts, making them more efficient and interconnected. What challenges do companies most commonly face when undergoing restructuring, and how does RBBC help them navigate these challenges? The biggest challenges companies face are securing financing during the restructuring process and managing creditor expectations. Many businesses struggle to convince creditors that restructuring will lead to a better outcome than liquidation. At RBBC, we approach these challenges by crafting detailed financial recovery plans and leveraging our negotiation expertise to build creditor trust. Our multidisciplinary approach, combining legal, financial, and strategic insights, allows us to develop solutions that benefit all parties involved. What trends do you see in the Polish corporate and financial legal sector, and how is RBBC adapting to meet these new demands? We can see increasing demand for cross-border restructuring solutions, particularly as more international companies invest in Poland. Another trend is the digitalization of legal processes, including insolvency proceedings, which has created a need for legal firms to adopt new technologies. At RBBC, we’re embracing these changes by strengthening our international partnerships and integrating digital tools into our practice to ensure that we remain at the forefront of these developments. How do you balance the interests of creditors and debtors in insolvency proceedings, given the legal framework? Balancing the interests of creditors and debtors is a delicate task, but it’s essential for a successful restructuring. Polish law provides a framework that protects the rights of creditors while giving debtors the opportunity to recover. At RBBC, we focus on creating transparent, mutually beneficial arrangements. By presenting a clear, data-driven recovery plan, we can often show creditors that supporting restructuring will lead to a better outcome than liquidation. Open communication and trustbuilding are key to finding common ground. How did your experience working at BlackRock shape your understanding of the international financial environment, and how do you apply that knowledge to your work at RBBC? My time at BlackRock provided invaluable insights into the global financial markets and corporate strategy. I learned how large international corporations navigate financial challenges and develop strategies for growth. This experience equipped me with a global perspective that I now apply at RBBC, especially when dealing with cross-border restructuring cases or international Q Q Q Q Q Contact: Polish: biuro@rbbcenter.com English: office@rbbcenter.com LinkedIn: https://pl.linkedin.com/company/rbbc-poland Facebook: https://www.facebook.com/RBBCPolska/ www.rbbcenter.com
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