Restrukturyzacja pozasądowa
Out-of-court restructuring

Summary/Abstract: The article deals with the issue of the so-called out-of-court restructuring, which is a proposal for further improvements to be introduced to the restructuring proceedings system. Out-ofcourt restructuring conducted with omitting the stage of judicial approval of the arrangement is currently unknown to Polish law, but it has been provided as an option by the European legislator in the pending implementation of the Directive (EU) 2019/1023 of the European Parliament and of the Council of 20 June 2019 on preventive restructuring frameworks, on discharge of debt and disqualification measures to increase the efficiency of procedures concerning restructuring, insolvency and discharge of debt, and amending Directive (EU) 2017/1132. The main objective of this paper is to attempt to assess the legitimacy of introducing solutions concerning out-of-court restructuring into domestic law. The research thesis is that this kind of restructuring is an effective instrument that allows for the acceleration of the proceedings, however, a significant obstacle to its effective implementation in practice is the lack of interpersonal confidence, which is characteristic of business relations in Poland. To achieve the main aim and verify research thesis, dogmatic and comparative methods were used. Moreover, an analysis of statistical data on the assessment of social capital in Poland was carried out, referring to the welfare index developed by the Legatum Institute.

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