Search results for "Debtor"
showing 10 items of 34 documents
Liquidation of the Bankruptcy Estate in Poland
2020
The purpose of this study is to present the general principles and general issues of liquidation of the bankruptcy estate under Polish law. It should be stressed that liquidation of the bankruptcy estate is intended to satisfy the creditors of the insolvent debtor. Therefore, the manner of liquidation of the bankruptcy estate has an obvious impact on the final bankruptcy dividend for the creditors. The rules governing the liquidation of the bankrupt’s assets are of the key-importance for the theory of law and the practice. The article defines the directional principles of liquidation of the bankruptcy estate, procedure of liquidation of the bankruptcy estate. The subject of this paper there…
La Suprema Corte limita il privilegio processuale in favore del credito fondiario
2019
Lo scritto esamina una recente pronuncia della Corte di Cassazione, che ha ristretto la possibilità per i creditori fondiari di partecipare alla distribuzione del ricavato della espropriazione individuale proseguita ai sensi dell’art. 41, 2° comma, TUB (D.Lgs. 1° settembre 1993, n. 385). L’A., dopo avere ripercorso la disciplina positiva che regola i rapporti tra credito fondiario e fallimento, espone alcune considerazioni critiche sulla decisione. A recent judgment of the Supreme Court narrows the rights of banks, as mortgagee creditors, to seize the assets of the debtor notwithstanding bankruptcy proceedings, according to paragraph 41, subsection 2, of the Italian Consolidated Law on Bank…
Bezskuteczność i zaskarżanie czynności dłużnika w postępowaniu sanacyjnym
2016
Miarkowanie kary umownej w ramach powództwa o jej zwrot – glosa do wyroku Sądu Okręgowego w Olsztynie z 5.12.2018 r., IX Ca 758/18
2023
Komentowane orzeczenie dotyczy możliwości miarkowania kary umownej po tym, jak została ona zapłacona przez dłużnika z zastrzeżeniem zwrotu. Główny problem w sprawie stanowiło to, czy powód może skutecznie wystąpić z odrębnym powództwem o zwrot części zapłaconej już pozwanemu kary. Istota postępowania sprowadzała się do określenia formy i momentu wystąpienia przez dłużnika z żądaniem miarkowania kary umownej. Sąd zgodził się z tezą, że do miarkowania może dojść na skutek powództwa wytoczonego przez dłużnika. Natomiast przyjął kontrowersyjne stanowisko, które zostało poddane w niniejszej glosie krytyce, że do miarkowania nie może dojść po tym, jak kara została zapłacona
Bankruptcy and restructuring law in Poland
2019
The aim of this study is to present general description of the bankruptcy and restructuring law in Poland. The insolvency law is of fundamental importance to business transactions and investment security. The law on bankruptcy and entrepreneurs’ restructuring is increasingly perceived as an important factor in encouraging economic development and investment as well as a factor favouring entrepreneurs’ activity and preservation of jobs. Substantive condition of the bankruptcy and restructuring law has a very real impact on the economy.
Contingent Convertible Bonds for Sovereign Debt Risk Management
2018
Abstract We consider convertible bonds that contractually stipulate payment standstill, contingent on a market indicator of a sovereign’s credit worthiness breaching a distress threshold. This financial innovation limits ex ante the likelihood of debt crises and imposes ex post risk sharing between creditors and the debtor. Drawing from literature on contingent contracts, neglected risks, and bank CoCo, we extend prevailing arguments in favor of sovereign CoCo (S-CoCo). We discuss issues relating to their design: which market trigger, market discipline and sovereign incentives, and errors of false alarms or missed crises, and provide supporting evidence with eurozone data and a simple simul…
Überschuldung und Zuzahlungen im deutschen Gesundheitssystem – Benachteiligung bei Ausgabenarmut
2009
Aim of the study In the past few years, the number of over-indebted private households in Germany has steadily increased and is currently estimated to have reached 3.13 million. Financial difficulties culminating in private insolvencies of the persons concerned may lead to a restrained usage of health-care services that require additional payment. For the first time ever this study has examined whether over-indebted individuals refrain from seeking medical treatment or from buying prescribed medicine because of their financial situation. Methods The cross-sectional study covered over-indebted persons in Rhineland-Palatinate and was conducted between July 2006 and March 2007. In cooperation …
Ineffectiveness of the Payment of Debt under the Polish Law
2019
Claims secured by a registered pledge in sanation proceedings
2019
This study concerns the legal situation of a receivable secured by a registered pledge in a debtor’s sanation (restructuring) proceedings. The registered pledgee has a special position in the course of such proceedings. The study discusses the rules of subjecting the receivable secured by the arrangement, the rules of preparing and contesting the list of receivables, and finally the rules of satisfying the pledgee.