Receivables of GetBack bondholders will be taken into account in the restructuring process

Receivables of GetBack bondholders will be taken into account in the restructuring process

According to the restructuring law, the bondholders of the restructured GetBack company do not have to report anywhere to be included in the accelerated arrangement procedure. The court supervisor will include them in the register of receivables, indicating the number and series of bonds.

Only after the conclusion of the agreement, the bondholders will have to present a document confirming their rights as creditors in order to obtain satisfaction of their claims from the debtor. In addition, creditors will be required to submit a document proving that they are bondholders if they wish to influence the composition of the board of creditors.

It should also be noted that the rights of bondholders will be represented by a guardian. Therefore, it is the curator, and not the individual bondholders, who will vote in favour of or against the arrangement.

Source: https://www.pb.pl/oto-niuanse-postepowania-ukladowego-getbacku-930029

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