Search results for "Solvency"
showing 10 items of 110 documents
Simplified restructuring proceedings in Poland as an example of anti – crisis regulation due to the COVID-19 pandemic
2020
Summary The study discusses new legislative anti – crisis solutions adopted in Poland in connection with the COVID – 19 pandemic. The Polish legislator decided to introduce the so-called simplified restructuring procedure. This happened in the face of the expectations of both the jurisprudence of law and practice. On the one hand, the simplified restructuring procedure (the fifth independent type of restructuring procedure for an entrepreneur in Poland) allows for a quick, cheap and simplified conclusion of an arrangement with creditors outside the court, then approved by the court. On the other hand, the opening of such proceedings gives the debtor protection against enforcement at the cre…
Data as an asset in an insolvency procedure
2021
When a business becomes insolvent, assets that has selling value prevails within the insolvency process. Understanding if personal data can be classified as an asset and whether it can be sold when facing insolvency proceedings is determined in this Thesis. General Data Protection Regulation safeguards personal data of the EU data subjects including processing of such data. This regulation protects the EU data subjects also outside of the EU or EEA. Processing that includes sale of personal data is made possible if full compliance with the Regulation is applied. Legal basis for such processing that is required for the processing to be legal includes legal obligation arising from insolvency.…
Nabycie nieruchomości od podmiotu niewypłacalnego lub zagrożonego niewypłacalnością ‒ zagadnienia dotyczące terminów zaskarżania nabycia nieruchomości
2022
Dłużnik zagrożony niewypłacalnością często zbywa lub obciąża wartościowe składniki swego majątku. W ten sposób może doprowadzić do niemożliwości zaspokojenia wierzycieli. Przy spełnieniu określonych przesłanek wierzyciele mogą zaskarżyć czynności prawne dłużnika z wykorzystaniem skargi pauliańskiej (art. 527 i n. k.c.). W przypadku ogłoszenia upadłości dłużnika prawo zaskarżenia czynności dotyczącej pokrzywdzenia wierzycieli masy upadłości realizuje syndyk masy upadłości. Nabywca nieruchomości winien mieć świadomość ryzyka, jakie wiąże się z nabyciem nieruchomości od podmiotu niewypłacalnego albo zagrożonego niewypłacalnością. Ocena ryzyko winna uwzględniać sankcję bezskuteczności względnej…
Chapter 1. Security Rights under Article 5 of the Insolvency Regulation and Article 8 of the ‘Recast’
2017
This chapter contains an overview of the issues put at stake. In particular, it deals, on the one hand, with the prescriptions on security rights in rem laid down by both EU Regulation 1346/2000 and EU Regulation 2015/848, and, on the on the other hand, with the misalignment that these prescriptions produce at national level.
Spanish banking system restructuring after the crisis and the solvency in financial institutions. Consequences for savings banks
2013
La crisis financiera que ha afectado a todo el mundo ha tenido una incidencia especial en España. Las cajas de ahorros, que llevan más de 100 años desarrollando su gestión financiera, han desaparecido, por lo menos tal como venían desarrollando su actividad. Esta caída ha sido motivada por las políticas marcadas por el Banco de España, el Ministerio de Economía y el Fondo de Reestructuración Ordenada Bancaria (FROB) para salvar el sistema financiero español. El objetivo de estos organismos, según sus recomendaciones y la normativa emitida, era un proceso de bancarización de las cajas de ahorros y que todas las entidades financieras ganaran en tamaño, y de esta forma se deberían poner las ba…
Medidas durante el COVID-19 y Derecho mercantil (Parte II: Derecho concursal).
2020
The crisis generated by the COVID-19 pandemic has forced it to take multiple measures of different kinds to mitigate its effects during the Alarm State. These measures include those that have effects on various commercial law institutions, such as those relating to insolvency issues.
Blockchain Securities, Insolvency Law and the Sandbox Approach
2018
Blockchain is a new technology that is based on an algorithm which allows participants of an IT network to process, store and share data across multiple points without the need for any intermediary, at least in order to ensure the integrity of the data dealt with. This technology is simplifying financial markets—many organizations are launching initial coin offerings to facilitate the financing of new business ventures; moreover, ‘securities’ that are issued in such a digital form can be bought and sold in the secondary market without the intervention of the traditional intermediaries. However, this use of blockchain could give rise to many problems which, in this article, will be analysed …
Social Bricolage as the Path to Social Entrepreneurship
2021
In the present chapter, the concept of social bricolage is applied to the particular case of Dr. Mateo. A contextualization of her environment is exposed, for the reader to understand the intrinsic and extrinsic motivators explained in Part I. These influences represent the starting point of her professional career. Dr. Mateo’s interests have always been placed in advancing local solutions for local problems. In Pilar’s case, the phenomenon of entrepreneurship began as an act of seeking economic solvency and survival through her ingenuity, creativity, and innovation. Similarly, the phenomenon of causation-related bricolage predominates, in which the process of incessant experimentation fost…
Arts. 34-40 EIR
2016
The comments on Arts. 34-40 of EU Regulation 2015/848 deal with opening of secondary insolvency proceedings. These comments systematically tackle the prerequisites required for the opening of secondary insolvency proceedings, the relationship between main and secondary proceedings and the duties of cooperation that are put on the courts and the insolvency practitioners of both main and secondary proceedings. A particular attention is devoted to the introduction of the so-called “Undertaking to Avoid the Opening of Secondary Insolvency Proceedings” (Art. 36).
La nuova composizione negoziale della crisi d'impresa tra procedimento amministrativo e autorità giurisdizionale
2023
The contribution aims to deepen the lines of development of the national discipline that, in the wake of the Insolvency Directive, stabilizes the emergency discipline of negotiated settlement as an instrument and extrajudicial path that fits into the order of competences of the system of Chambers of Commerce, Industry, Crafts and Agriculture. In particular, the reflection aims to investigate the role and usefulness of the 'administrative management' system of the predictive elements of the crisis and insolvency between administrative procedure and consequences in terms of outcomes and possible legal phases.