The act on the administration of succession introduces a new participant to the Polish legal system – an administrator of the succession, who, upon an entrepreneur’s death, will be in charge of all activities within ordinary management and exceeding ordinary management, subject to the consent of all owners of the inherited enterprise. The administrator of the succession will be entitled to participate in judicial and/or administrative proceedings and to file for bankruptcy.
Administrator of the succession and bankruptcy
17 December 2018 | News