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 Polish Bankruptcy Law dated 28 February 2003, 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

  • According to article 142 of the Polish Bankruptcy Law “any arbitration clause concluded by the bankrupt shall lose its legal effect as at the date that bankruptcy is declared and any pending arbitration proceedings shall be discontinued”.

  • 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.

  • Further, the declaration of bankruptcy of VWFS PL would not affect the existence of the Lease Contracts, and this issue is addressed in Article 114 Section 2 of the Polish Bankruptcy Law, which excludes the possibility of withdrawal from that agreement by the receiver (Pol.

  • 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.

  • Risk Factors Related to the Guarantor and the Guarantor's Group Risk connected with the Guarantor's possible bankruptcy or restructuring Pursuant to the Polish Bankruptcy Law a debtor's insolvency is the basis for the declaration of bankruptcy and pursuant to the Polish Restructuring Law, a debtor's insolvency or a threat of the debtor being insolvent is the basis for the debtor's restructuring.

  • 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.

  • There are following ranks regulated by the Polish Bankruptcy Law: (a) the first rank – in general privileged claims.

  • See § 94 German Insolvenzverodnung; Article 58 of the Spanish Insolvency Act; Article 36 of the Hungarian Insolvency Law; Article 93 of the Polish Bankruptcy Law; Regulation 17(1) of the Irish Bankruptcy Act, 1988.

  • With regard to the second amendment, on 1 January 2016, the Act of 5 May 2015 on Restructuring Law came into force to amend 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.

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

  • Bankruptcy Code means Title 11 of the United States Code entitled “Bankruptcy,” as now and hereafter in effect, or any successor statute.

  • 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.

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

  • Insolvency Regulation means the Council Regulation (EC) No.1346/2000 29 May 2000 on Insolvency Proceedings.

  • 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.

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