Bankruptcies and restructurings

Insolvency and restructuring law

Our approach

The decision to undergo restructuring or declare insolvency is one of the most challenging moments for a business, which is why we treat each case individually. We take a strategic approach, seeking the most effective business solutions that help our clients regain control over their affairs. 

For whom?

Our restructuring and insolvency advisory services are aimed at three groups: investors interested in acquiring businesses or assets free of encumbrances and liabilities, creditors of insolvent companies, and debtors - companies facing financial difficulties

In a difficult financial situation, quick and well-thought-out action is crucial. Debtors, management, creditors, and investors should know how to protect their interests and leverage the potential of unusual circumstances.

Anna Czornik-SęczkowskaManager, Attorney-at-law
Benefits

We support you in challenging financial situations by combining proactive tools with experience in complex processes. Our interdisciplinary approach allows us to effectively manage risk and achieve strategic business objectives.

monitoring and prevention tools

We develop tailored solutions that effectively help to map risks, allowing us to support businesses proactively. 

Interdisciplinary support

Our restructuring and insolvency advisory offers comprehensive assistance throughout the entire process. We achieve this by combining legal, advisory, litigation, and transactional expertise with the knowledge of financial analysts. 

Experience in complex matters

We advise large entities, including capital groups, for whom we develop strategic solutions. This gives us experience in handling multi-stage, challenging restructuring and insolvency cases —including international and cross-border environments. 

For investors

We divide our restructuring and insolvency advisory services into support for investors, creditors, and entities at risk of insolvency. For the first group, we provide assistance primarily in the following areas:

Acquisition of businesses, organised parts of enterprises, or assets (distressed assets)

We assist clients in acquiring assets of entities in financial distress — both before and during restructuring or insolvency proceedings

Comprehensive legal, tax, and financial due diligence 

We help identify the risks and opportunities associated with the transaction. 

Strategic and legal advisory 

We develop the optimal transaction structure and provide full legal support. We also offer assistance and representation in negotiations, prepare documentation, and participate in tenders. 

Execution of transactions through pre-pack liquidation 

We support businesses (both debtors and investors) in carrying out pre-pack liquidation — a special insolvency procedure that serves as an attractive tool for acquiring businesses in crisis. 

Verification of tax incentives and funding opportunities 

We form interdisciplinary teams to analyze the possibility of using available tax reliefs and incentives (e.g., CIT exemptions under the Polish Investment Zone), as well as public support programs (e.g., grants, subsidies, EU funds).

Cross-border cooperation

We advise on acquisitions in foreign or cross-border proceedings, including those involving EU insolvency law (e.g., Regulation 2015/848). 

For creditors

We support creditors at every stage —from securing claims to their enforcement.

Securing claims

In the event of a counterparty’s insolvency, we help creditors secure claims arising from their contracts

Debt enforcement

We develop effective strategies for debt recovery, assisting in the selection of appropriate instruments that maximize the chances of successful enforcement. 

Representation in insolvency and restructuring proceedings 

We provide services such as filing claims, monitoring the proceedings, and representing clients on creditors’ committees, at creditors’ meetings, and before other procedural bodies. 

For entities
at risk
insolvency

We advise insolvent entities and proactively support those seeking to prevent insolvency.

Monitoring and preventing insolvency 

We help businesses develop internal practices and policies for information and document flow, as well as rules for monitoring the company’s financial liquidity. We assist in mapping potential risks and identifying individuals responsible for specific areas of the company’s operations. These are proactive measures aimed at avoiding insolvency in the future. 

Insolvency assessments and feasibility studies 

We combine legal expertise with the knowledge of experienced analysts from OW Analytics to efficiently conduct analyses and interpret their results. Our restructuring and insolvency advisory includes conducting assessments such as determining the moment of insolvency and feasibility studies, which help evaluate the effectiveness of restructuring actions before they are undertaken. 

Debt restructuring

We provide legal advice on available measures for restructuring debt. We support both standard debt restructuring procedures and complex, multi-stage court restructurings, using all available legal tools. 

Preparing applications for restructuring or bankruptcy proceedings 

Our restructuring and insolvency advisory includes comprehensive legal support for companies both before and after filing such applications. 

Representation in insolvency and restructuring proceedings

We provide full legal support, including negotiating arrangement terms and representing clients at creditors’ meetings and committee sessions. Throughout the process, we monitor the proceedings and represent clients before the relevant authorities. 

Legal services of restructuring advisors

We offer full support in complex restructuring and insolvency proceedings, as well as in the day-to-day operations of businesses. 

Public assistance / private creditor or investor test / satisfaction test

We assist in obtaining public aid for restructuring processes and, together with our analysts, prepare private creditor or investor tests and satisfaction tests. 

Training in bankruptcy and restructuring law

We conduct practical workshops focused on restructuring and insolvency law. Our training includes, among other things, the responsibilities of management boards in the context of these processes. 

Advisory on the liability of management and supervisory board members and company’s employees 

We provide comprehensive advice on the legal, financial, and organizational consequences of bankruptcy declarations. 

Completed projects

TEAM

TEAM

Michał Bogacz

Partner

Attorney-at-law

Anna Czornik-Sęczkowska

Manager

Attorney-at-law | OW Legal

Dominika Koss-Grajdura

Senior Associate

Attorney-at-law | OW Legal

Related services

Mergers and acquisitions
Company law and corporate matters
Dispute resolution
Start working with a team that understands business needs

Together we will find the best solutions for your business