On January 23, 2009 the Sejm adopted an act amending the act: Bankruptcy and Reorganisation Law, the act on National Court Register and the act on Bank Guarantee Fund. The purpose of the act is i.a. to make bankruptcy procedure of banks more efficient. In the case that a bank does not have means to conduct bankruptcy proceedings, the costs will be borne by the Bank Guarantee Fund.

The Senate is now working on the act and it should report suggested amendments within 30 days.

Contact person: Lech Gniady,

lg@pnplaw.pl