Corporate Restructuring Gdańsk
Corporate restructuring is not merely a legal procedure. In practice, it is a crisis management process in which timing, accurate diagnosis of the situation, and the selection of tools appropriate to the scale of the problem are of critical importance.
In the economic landscape of Gdańsk and the wider Tricity area, businesses often operate within complex financing structures, long-term contractual relationships, and at a significant operational scale. In such conditions, a loss of liquidity does not automatically mean the end of business activity – provided that appropriate measures are taken at the right stage.
Restructuring enables not only the suspension of enforcement proceedings, but above all the reorganisation of relationships with creditors and the creation of conditions for the continued operation of the business. However, its effectivenesslargely dependson the quality of preparation and execution of the entire process.
RBBC has been conducting restructuring proceedings across Poland for over 10 years, including inGdańsk. Our experience covers both standard proceedings andhighly complexprojects requiring a combination of legal, financial, and negotiationexpertise.
Restructuring is a Strategic Decision, Not a Formality
In practice, entrepreneurs often perceive restructuring as a last resort.In reality, itis one of the most important management tools available in times of financial distress.
Restructuringallowsfor:
- the restructuring of debt and modification of repayment terms,
- the reorganisation of relationships with creditors,
- the stabilisation of ongoing business operations,
- the implementation of operational turnaround measures.
The timing of restructuring is critical. In many cases, the difference between a successful restructuring and the necessity to file for bankruptcy comes down to a matter of months.
Therefore, the key question is not whether restructuring is needed, but whether it has beeninitiatedat the right time and with theappropriate tools.
Experience in Large-Scale Restructurings – Gdańsk Case Study
In 2023, the RBBC team conducted one of the largest restructuring processes in Poland under arrangement approval proceedings. The arrangement was approved by the court inGdańskand constituteda highly complexrestructuring process.
The case involved a companyoperatingin the fertiliser industry, cooperating with leading suppliers on both the European and global markets. The scale of operations and the nature of business relationships required consideration of both domestic legal frameworks and cross-border aspects.
The scope of the restructuring included in particular:
- significant levels of financial liabilities,
- a large and diverse group of creditors, including foreign entities,
- the need to coordinate activities across multiplejurisdictions,
- the preparation and implementation of a comprehensive restructuring plan.
Each of these elements required an individual approach and precise coordination on both legal and financial levels. A keycomponentof the process was not only the preparation of arrangement proposals, but also conducting complex, multi-stage negotiations with various groups of creditors.
At RBBC, restructuring is not limited to conducting a formal procedure. We approach it as a management process aimed at restoring business stability and enabling continued operations.
Each case is preceded by a detailed analysis of the company’s situation. This includes both a legal assessment of liabilities and a financial and operational review of the business.
The analysis covers in particular:
- the structure and level of liabilities,
- cash flows and the company’s ability to service its debt,
- the business model and operating costs,
- relationshipswithkeycreditors.
Based on this analysis, we develop a comprehensive strategy that includes the selection of theappropriate restructuringproceedings, as well as the preparation of arrangement proposals and a restructuring plan.
Ourobjectiveis not merely toinitiateproceedings, but to carry them through effectively and achieve a genuine improvement in the company’s financial position.
Selecting the Right Proceedings – A Decision That Determines the Outcome
Polish restructuring law provides for four types of restructuring proceedings, each requiring an individual assessment of the company’s situation.
Choosing the right type of proceedings is critical – an incorrect decision at this stage may significantly limit restructuring options.
Restructuring Begins with the Right Decision
Financial difficulties require a prompt and well-considered response. In practice, the timing of the decisiondeterminesthe further course of events.
A properly conducted analysis allows you to determine:
- whether restructuring is still a viable option,
- which type of proceedings will be most effective,
- what immediate actions should be taken.
At RBBC, each case is analysed individually, combining legal expertise, practical experience, and financial assessment.
Contact us to find out which solution will be most effective in your situation.
