company voluntary arrangement (or company voluntary arrangement moratorium)

Polish translation: dobrowolny układ spółki z wierzycielami (lub moratorium [na długi] przed zawarciem układu z wierzycielami)

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:company voluntary arrangement (or company voluntary arrangement moratorium)
Polish translation:dobrowolny układ spółki z wierzycielami (lub moratorium [na długi] przed zawarciem układu z wierzycielami)
Entered by: mike23

16:37 Nov 13, 2020
English to Polish translations [PRO]
Law/Patents - Business/Commerce (general)
English term or phrase: company voluntary arrangement (or company voluntary arrangement moratorium)
As far as the Registrar is aware, the company is not currently subject to one or more of the following: liquidation, company voluntary arrangement (or company voluntary arrangement moratorium), administration, moratorium or has a receiver or manager appointed.
Joanna Machnica
United Kingdom
Local time: 10:39
dobrowolny układ spółki z wierzycielami (lub moratorium na długi przed zawarciem układu spółki z wie
Explanation:
dobrowolny układ spółki z wierzycielami - company voluntary arrangement
(lub moratorium [na długi] przed zawarciem/w oczekiwaniu zawarcia przez spółkę układu z wierzycielami) - (or company voluntary arrangement moratorium)
---

The Reforms of the Act
Optional Moratorium

Under the reforms introduced by the Act, an eligible company wishing to propose a Company Voluntary Arrangement will be able to benefit from a 28 day moratorium, while it puts together the CVA. Many of the features of the moratorium are similar to those which apply while a company is in administration. With creditor consent the moratorium can be extended by up to two more months.

Eligible Companies
The moratorium is only available to small companies as defined by section 247(3) of the Companies Act.

Section 247(3) defines a small company as a company which satisfies two or more of the following criteria:

turnover of not more than £2.8m;
balance sheet asset total of not more than £1.4m; or
not more than 50 employees.

Note that the definition looks at the company’s historic accounts. It may be that a newly formed company with no previous accounts may constitute a small company.
https://www.gibsonhewitt.co.uk/moratorium-guidelines/
https://library.croneri.co.uk/cch_uk/col/ca85-co-s-247

Company Voluntary Arrangement Moratorium

A CVA moratorium protects companies from any legal action being taken against them by creditors. This allows the company’s director’s time to prepare a CVA proposal and hold a creditor’s meeting so that creditors can vote to accept or decline the rescue plan.

A moratorium will only be granted if the company can prove that it has a realistic expectation of being able to put a CVA or other rescue package in place. The moratorium is intended to provide breathing space so the company can implement the rescue plan. This process is rarely used.
https://www.wilsonfield.co.uk/glossary/

--------------------------------------------------
Note added at 1 day 22 hrs (2020-11-15 14:38:00 GMT)
--------------------------------------------------

Druga część pytania: (or company voluntary arrangement moratorium)
(lub moratorium [na długi] przed zawarciem/w oczekiwaniu zawarcia przez spółkę układu z wierzycielami)

--------------------------------------------------
Note added at 148 days (2021-04-11 14:10:21 GMT)
--------------------------------------------------

Układ w upadłości/restrukturyzacji
http://www.adwokat-swiader.pl/restrukturyzacja-prawnik/uklad...
http://doradcarestrukturyzacyjny.info/uklad-w-upadlosci/
https://sip.lex.pl/akty-prawne/dzu-dziennik-ustaw/prawo-rest...
https://sip.lex.pl/akty-prawne/dzu-dziennik-ustaw/prawo-upad...
Selected response from:

mike23
Poland
Local time: 11:39
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +1dobrowolne porozumienie firmy (ang. CVA)
Frank Szmulowicz, Ph. D.
2 +2dobrowolny układ spółki z wierzycielami (lub moratorium na długi przed zawarciem układu spółki z wie
mike23


Discussion entries: 4





  

Answers


2 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
dobrowolne porozumienie firmy (ang. CVA)


Explanation:
CVA (dobrowolne porozumienie firmy) jest to procedura, która pozwala firmie na uregulowanie długów poprzez spłatę tylko części kwoty, którą jest winien wierzycielom. CVA jest prawnie wiążącą umową między firmą a jej wierzycielami regulowana prawem z roku 1986.

Frank Szmulowicz, Ph. D.
United States
Local time: 06:39
Specializes in field
Native speaker of: Native in EnglishEnglish, Native in PolishPolish
PRO pts in category: 958

Peer comments on this answer (and responses from the answerer)
agree  mike23: Jasne. To co w nawiasie właściwie powinno być w innym pytaniu.
1 day 19 hrs
  -> Dziękuję Michale. Tak, to powinno być osobnym pytaniem.

neutral  KORNELIA ZWIÓR-HOŁENKO: "spółki", nie "firmy"
148 days
  -> Dziękuję Kornelio. Masz rację.
Login to enter a peer comment (or grade)

1 day 21 hrs   confidence: Answerer confidence 2/5Answerer confidence 2/5 peer agreement (net): +2
dobrowolny układ spółki z wierzycielami (lub moratorium na długi przed zawarciem układu spółki z wie


Explanation:
dobrowolny układ spółki z wierzycielami - company voluntary arrangement
(lub moratorium [na długi] przed zawarciem/w oczekiwaniu zawarcia przez spółkę układu z wierzycielami) - (or company voluntary arrangement moratorium)
---

The Reforms of the Act
Optional Moratorium

Under the reforms introduced by the Act, an eligible company wishing to propose a Company Voluntary Arrangement will be able to benefit from a 28 day moratorium, while it puts together the CVA. Many of the features of the moratorium are similar to those which apply while a company is in administration. With creditor consent the moratorium can be extended by up to two more months.

Eligible Companies
The moratorium is only available to small companies as defined by section 247(3) of the Companies Act.

Section 247(3) defines a small company as a company which satisfies two or more of the following criteria:

turnover of not more than £2.8m;
balance sheet asset total of not more than £1.4m; or
not more than 50 employees.

Note that the definition looks at the company’s historic accounts. It may be that a newly formed company with no previous accounts may constitute a small company.
https://www.gibsonhewitt.co.uk/moratorium-guidelines/
https://library.croneri.co.uk/cch_uk/col/ca85-co-s-247

Company Voluntary Arrangement Moratorium

A CVA moratorium protects companies from any legal action being taken against them by creditors. This allows the company’s director’s time to prepare a CVA proposal and hold a creditor’s meeting so that creditors can vote to accept or decline the rescue plan.

A moratorium will only be granted if the company can prove that it has a realistic expectation of being able to put a CVA or other rescue package in place. The moratorium is intended to provide breathing space so the company can implement the rescue plan. This process is rarely used.
https://www.wilsonfield.co.uk/glossary/

--------------------------------------------------
Note added at 1 day 22 hrs (2020-11-15 14:38:00 GMT)
--------------------------------------------------

Druga część pytania: (or company voluntary arrangement moratorium)
(lub moratorium [na długi] przed zawarciem/w oczekiwaniu zawarcia przez spółkę układu z wierzycielami)

--------------------------------------------------
Note added at 148 days (2021-04-11 14:10:21 GMT)
--------------------------------------------------

Układ w upadłości/restrukturyzacji
http://www.adwokat-swiader.pl/restrukturyzacja-prawnik/uklad...
http://doradcarestrukturyzacyjny.info/uklad-w-upadlosci/
https://sip.lex.pl/akty-prawne/dzu-dziennik-ustaw/prawo-rest...
https://sip.lex.pl/akty-prawne/dzu-dziennik-ustaw/prawo-upad...


mike23
Poland
Local time: 11:39
Specializes in field
Native speaker of: Native in PolishPolish
PRO pts in category: 674
Grading comment
Selected automatically based on peer agreement.

Peer comments on this answer (and responses from the answerer)
agree  Frank Szmulowicz, Ph. D.: Dobra robota.
8 mins
  -> Dziękuję Frank. Pozdrawiam.

agree  KORNELIA ZWIÓR-HOŁENKO: układ (na stronach sądów i portalach prawniczych jest układ, choć w guglu ilościowo lekko przeważa porozumienie)
146 days
  -> W przepisach np. prawo restrukturyzacyjne czy prawo upadłościowe, mówią o układzie, który można zawarzeć. Dziękuję za wsparcie.
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