Glossary entry

Polish term or phrase:

masa sanacyjna

English translation:

remedial estate

Added to glossary by bARBARA Marszalek
Feb 18, 2022 18:41
2 yrs ago
12 viewers *
Polish term

masa sanacyjna

Polish to English Law/Patents Law (general) upadłość
no jeszcze nie upadłości, tylko w postępowaniu sanacyjnym

Proposed translations

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12 mins
Selected

remedial estate

Specific issues regarding the course of proceedings

After the initiation of proceedings, the debtor’s estate becomes a “remedial estate” (“masa sanacyjna”) and the debtor is, in principle, deprived of its managerial powers. Even if the court decides that the debtor should retain the power to manage its assets, the debtor is only entitled to do so within the scope of day-to-day management (ordinary management).

https://cms.law/en/int/expert-guides/cms-expert-guide-to-res...
Peer comment(s):

agree mike23
2 hrs
Dziękuję Michale. Miłego wieczoru.
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4 KudoZ points awarded for this answer. Comment: "thx"
6 hrs

restructuring-based receivership

I am afraid I have no idea what 'remedial (sanation) proceedings' in the second weblink are, but this looks to me something like an involuntary receivership vs. a plain 'asset restructuring'.

Note, in that web ref., 'Protection of the (AmE) bankruptcy estate' might - in England & Wales - be called 'safeguarding of the assets of the company or partnership business in liquidation'.
Example sentence:

A receivership may also occur as a step in a company's restructuring process... For the duration of a receivership, the company's principals (*debtors*) remain in place (but they have little authority over the company).

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1 day 11 hrs

restructuring assets

tak
Example sentence:

Restructuring assets reform, 2013: Impact of operational ability, liquidity, bank capital, profitability and capital on bank credit risk

Distressed Asset Investing and Corporate Restructuring

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