Abstract

The article outlines how the parties to the bankruptcy proceedings, such as the creditors’ council and the receiver, are appointed, function and interact, with special attention being given to the amendments in force as of 1 January 2016, introduced by the Restructuring Law Act of 15 May 2015. Special emphasis has been given to the issue of powers vested in the creditors’ council in relation to the receiver, including receiver’s actions requiring approval of the creditors’ council and actions which the receiver may perform autonomously.