enforcement of claims
Anna Zielińska from the Dispute Resolution and Arbitration practice group at Wardyński & Partners explains how to pursue undisputed monetary claims against foreign debtors.
A registered pledge lapses when the pledgee submits a statement releasing the pledge, explains Dr Jarosław Grykiel from the Transactions group at Wardyński & Partners. Deletion of the pledge from the register is merely a declarative act.
It may be possible to obtain quicker, cheaper payment of debts secured by a bank guarantee, insurance guarantee, bank letter of credit or bank surety.
Sometimes creditors put off commencing an action to enforce a claim when it could worsen the debtor’s financial position. As a result, they must wait until the bankruptcy proceeding is over before filing suit.