Abstract

The new regulation on bankruptcy and restructuring of real estate developers, introduced by the Restructuring Act, protects buyers of apartments or single family houses basing on the right to separate satisfaction. This construct requires clarification of certain issues relating to both the property law and the insolvency law, in particular as regards priority in case the rights of buyers overlap with mortgage; regulations ensuring factual entry of the rights of buyers in the land and mortgage register; as well as consolidating protection arising from entry of personal rights or claims in the land and mortgage register. The article outlines the purposes and grounds of the amendments.