Cross-Class Cramdown in Poland: Current Legal Framework and Upcoming Changes

Schoenherr experts Daniel Radwański and Hanna Kosińska contributed an article "Cross-Class Cramdown in Poland: Current Legal Framework and Upcoming Changes", to the International Corporate Rescue. 

The article outlines upcoming changes to the Polish legal framework on cross-class cramdown, a tool allowing restructuring plans to bind dissenting creditor groups. Although this mechanism has existed in Poland since 2016, the new legislation aims to align with the EU Directive on preventive restructuring. The reforms will introduce stricter protections for creditors, including priority rules to prevent unfair outcomes.

Read the full article here.

authors: Daniel Radwański, Hanna Kosińska