Polish Bankruptcy Law definition

Polish Bankruptcy Law means the Polish Act of 28 February 2003 Bankruptcy law (Ustawa z dnia 28 lutego 2003 r. Prawo upadłościowe);
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Polish Bankruptcy Law means the Bankruptcy Law of 28 February 2003 (consolidated text, Journal of Law of 2022 item 1520, as amended).
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Polish Bankruptcy Law as defined in Section 7.14(d)(i)(A).
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Examples of Polish Bankruptcy Law in a sentence

  • However, the Parties confirm that according to Polish Bankruptcy Law, automatic transfer (exercising) of Collateral triggered by (a) filling a motion for bankruptcy or (b) bankruptcy of the Borrower is legally inadmissible what limits the possibility of transferring (exercising) the Collateral.

  • Consumer Insolvency Proceedings under the Amended Polish Bankruptcy Law.

  • The auditors will be at the November Board Meeting to discuss the audit.

  • When it comes to insolvency of a party to arbitration agreement, we may refer to two situations: (i) formal bankruptcy declared under the Polish Bankruptcy Law; and (ii) factual insolvency (lack of funds for initiating arbitral proceedings).

  • The obligations of each Acceding Debtor incorporated in Poland are limited to the extent that they do not result in its insolvency within the meaning of Article 11 Section 2 of the Polish Bankruptcy Law dated 28 February 2003, as amended (unified text Journal of Laws of 2019 item 498).

  • In this case, as the case above, the arbitral tribunal heard a similar objection relying on the Polish Bankruptcy Law to invalidate the arbitration agreement due to lack of capacity.

  • Under Polish Bankruptcy Law, particular transactions (or broaden: acts in law), are - by operation of law – ineffective with respect to the bankruptcy estate or may be ineffective with respect to the bankruptcy estate based on the Judge – Commissioner’s decision.

  • Please note that, under the Polish Bankruptcy Law, the filing of an application for bankruptcy or a declaration of bankruptcy of an entity cannot constitute the basis for the compulsory amend- ment or termination of an agreement to which this entity is party.

  • The obligations and liabilities of any Guaranteeing Party incorporated in Poland (a “Polish Guarantor”) under the Indenture shall, in all circumstances, not include any liability to the extent it would result in its insolvency in the meaning of article 11 section 2 of the Polish Bankruptcy Law of 28 February 2003 (Journal of Laws of 2015, item 233, as amended) (the “Polish Bankruptcy Law”) and shall be subject to all limitations set out in article 11 section 2-5 of the Polish Bankruptcy Law.


More Definitions of Polish Bankruptcy Law

Polish Bankruptcy Law means the Polish Act of 28 February 2003 – the Bankruptcy Law (ustawa z
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Related to Polish Bankruptcy Law

  • Bankruptcy Law means Title 11, U.S. Code or any similar federal or state law for the relief of debtors.

  • Bankruptcy Laws has the meaning specified in Section 10.9.

  • Insolvency Law means the Bankruptcy Code and all other applicable liquidation, conservatorship, bankruptcy, moratorium, rearrangement, receivership, insolvency, reorganization, suspension of payments and similar debtor relief laws from time to time in effect affecting the rights of creditors generally.

  • Spanish Insolvency Law means the restated text of the Spanish Insolvency Law (Ley Concursal) approved by the Royal Decree-Legislative 1/2020, of 5 May, as amended from time to time.

  • Insolvency Laws The Bankruptcy Code and all other applicable liquidation, conservatorship, bankruptcy, moratorium, rearrangement, receivership, insolvency, reorganization, suspension of payments, or similar debtor relief laws from time to time in effect affecting the rights of creditors generally.

  • U.S. Bankruptcy Code means Title 11 of the United States Code, as amended, or any similar federal or state law for the relief of debtors.

  • Bankruptcy means, with respect to any Person, if such Person (i) makes an assignment for the benefit of creditors, (ii) files a voluntary petition in bankruptcy, (iii) is adjudged a bankrupt or insolvent, or has entered against it an order for relief, in any bankruptcy or insolvency proceedings, (iv) files a petition or answer seeking for itself any reorganization, arrangement, composition, readjustment, liquidation or similar relief under any statute, law or regulation, (v) files an answer or other pleading admitting or failing to contest the material allegations of a petition filed against it in any proceeding of this nature, (vi) seeks, consents to or acquiesces in the appointment of a trustee, receiver or liquidator of the Person or of all or any substantial part of its properties, or (vii) if 120 days after the commencement of any proceeding against the Person seeking reorganization, arrangement, composition, readjustment, liquidation or similar relief under any statute, law or regulation, if the proceeding has not been dismissed, or if within 90 days after the appointment without such Person’s consent or acquiescence of a trustee, receiver or liquidator of such Person or of all or any substantial part of its properties, the appointment is not vacated or stayed, or within 90 days after the expiration of any such stay, the appointment is not vacated. The foregoing definition of “Bankruptcy” is intended to replace and shall supersede and replace the definition of “Bankruptcy” set forth in Sections 18-101(1) and 18-304 of the Act.

  • Insolvency Act means the Insolvency Xxx 0000;

  • Insolvency with respect to any Multiemployer Plan, the condition that such Plan is insolvent within the meaning of Section 4245 of ERISA.

  • Insolvency or Liquidation Proceeding means, with respect to any Person, any liquidation, dissolution or winding up of such Person, or any bankruptcy, reorganization, insolvency, receivership or similar proceeding with respect to such Person, whether voluntary or involuntary.

  • Involuntary Bankruptcy means, with respect to any Person, without the consent or acquiescence of such Person, the entering of an order for relief or approving a petition for relief or reorganization or any other petition seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution or other similar relief under any present or future bankruptcy, insolvency or similar statute, law or regulation or the filing of any such petition against such Person which order or petition shall not be dismissed within 90 days or, without the consent or acquiescence of such Person, the entering of an order appointing a trustee, custodian, receiver or liquidator of such Person or of all or any substantial part of the property of such Person which order shall not be dismissed within 90 days.

  • Bankruptcy Code means Title 11 of the United States Code.

  • Bankruptcy Proceeding means any case, action or proceeding before any court or other Governmental Authority relating to any Bankruptcy Event.

  • Bankruptcy Act means the Bankruptcy Act or Title 11 of the United States Code.

  • Federal Bankruptcy Code means the Bankruptcy Act of Title 11 of the United States Code, as amended from time to time.

  • Applicable Insolvency Laws means all Applicable Laws governing bankruptcy, reorganization, arrangement, adjustment of debts, relief of debtors, dissolution, insolvency, fraudulent transfers or conveyances or other similar laws (including, without limitation, 11 U.S.C. Sections 544, 547, 548 and 550 and other “avoidance” provisions of Title 11 of the United States Code, as amended or supplemented).

  • Debtor Relief Law means the Bankruptcy Code of the United States, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally.

  • Insolvency Action With respect to any Person, the taking by such Person of any action resulting in an Insolvency Event, other than solely under clause (g) of the definition thereof.

  • Insolvency Proceedings means, with respect to any Person, any case or proceeding with respect to such Person under U.S. federal bankruptcy laws or any other state, federal or foreign bankruptcy, insolvency, reorganization, liquidation, receivership or other similar laws, or the appointment, whether at common law, in equity or otherwise, of any trustee, custodian, receiver, liquidator or the like for all or any material portion of the property of such Person.

  • Bankruptcy Proceedings has the meaning set forth in clause (b) of paragraph 9 hereof.

  • Insolvency Regulation means the Regulation EU 2015/848 of the European Parliament and of the Council of 20 May 2015 on insolvency proceedings (recast).

  • United States Bankruptcy Code means the Bankruptcy Reform Act of 1978, as amended and as codified in Title 11 of the United States Code, as amended from time to time hereafter, or any successor federal bankruptcy law.

  • Insolvency Proceeding means any proceeding commenced by or against any Person under any provision of the Bankruptcy Code or under any other state or federal bankruptcy or insolvency law, assignments for the benefit of creditors, formal or informal moratoria, compositions, extensions generally with creditors, or proceedings seeking reorganization, arrangement, or other similar relief.

  • Bankruptcy Custodian means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law.

  • Voluntary Bankruptcy has the meaning set forth in the definition of “Bankruptcy.”

  • Debtor in bankruptcy means a person that is the subject of: