Through the EU Directive on Restructuring and Insolvency of 20 June 2019 (EUR 2019/1023, “Directive”), the European Union has imposed an obligation on its member states to offer a more attractive and flexible restructuring scheme in their respective local law. The initial deadline to do so had been 17 July 2021. Only a handful of countries (most notably Germany and The Netherlands) had implemented the Directive within the initial deadline, whilst the other countries made use of the possibility to ask for a one year extension.
Karol Czepukojć co-heads the Restructuring & Insolvency practice group in Warsaw and also serves as a member of the Mergers & Acquisitions, Dispute Resolution and Arbitration practice groups. He holds an Attorney-at-law's qualification and Restructuring adviser's license. Karol joined Baker McKenzie in August 2020. Before joining the Firm, he was associated with a renowned domestic law firm, Wardyński & Partners, for 13 years. Karol speaks at conferences, trainings and webinars on international and local court restructuring and insolvency matters. He has authored or co-authored a number of publications related to his field. He is also a member of well-known international and local associations of restructuring and insolvency practitioners, and is actively engaged in pro bono activities.