Restructuring Farm-running Entuties - Legal Aspects

Adam Majchrzak

Abstract

The Act of 9 November 2018 on debt restructuring for farm-running entities introduced, into Polish law, certain instruments aimed at improving the financial liquidity of agricultural enterprises, which are insolvent or threatened with insolvency, and ultimately, enhancing their competitiveness in the EU market. These instruments consist of providing state aid in the form of subsidies to the interest of restructuring loans or loans for financing the repayment of debt arising in connection with conducting agricultural activity, as well as in the National Support Centre for Agriculture (KOWR) providing state aid in the form of guarantees securing the repayment of the restructuring loan, and in KOWR taking over a farm-running entity’s debt arising in connection with conducting agricultural activity in exchange for the transfer of ownership of their property to the State Treasury. The solutions enacted function in parallel to the possibility of making an arrangement with creditors and effecting remedial actions based on the provisions of Restructuring Law. The aim of the article is to evaluate the enacted regulations from the point of view of their consistency with the provisions of Restructuring Law, their compliance with the principles and objectives presented in the justification of the bill, and the expected results. Interpretation of intent and systemic interpretation of legal acts was used, with the application of historical and logical methods. Following the analysis carried out, it was concluded that with the regulations currently in force, the objectives of the act assumed by the legislator and the anticipated results will not be achieved in full.
Author Adam Majchrzak (WE / KPGiS)
Adam Majchrzak,,
- Department of Economic and Local Government Policy
Journal seriesRoczniki Naukowe Stowarzyszenia Ekonomistów Rolnictwa i Agrobiznesu, ISSN 1508-3535, e-ISSN 2450-7296, (N/A 20 pkt)
Issue year2020
Vol22
No1
Pages224-231
Publication size in sheets0.5
Keywords in Polishrestrukturyzacja, gospodarstwa rolne, pomoc publiczna, zadłużenie
Keywords in Englishrestructuring, farms, state aid, debt
DOIDOI:10.5604/01.3001.0013.7814
URL https://rnseria.com/resources/html/article/details?id=197818
Languageen angielski
Score (nominal)20
Score sourcejournalList
ScoreMinisterial score = 20.0, 24-03-2020, ArticleFromJournal
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