Skip to main content

The Role of a Court Expert in Determining the Sale Price of an Enterprise or Individual Assets in the Polish Bankruptcy Law—Selected Legal Aspects

  • Conference paper
  • First Online:
  • 851 Accesses

Part of the book series: Springer Proceedings in Business and Economics ((SPBE))

Abstract

The study refers to cases in which an investor decides to purchase an enterprise, its organized part or individual assets constituting the bankruptcy estate. In this situation, apart from economic aspects, the legal conditions referring to the role of the court expert in determining the sale price of an enterprise or assets are of particular importance, both as part of the pre-pack solution and in the case of bankruptcy proceedings conducted on general terms. Resolutions of the bankruptcy proceedings issued on the basis of the expert opinion regarding this price are decisive in determining the conditions of purchase of the above-mentioned components of the bankruptcy estate.

This is a preview of subscription content, log in via an institution.

Buying options

Chapter
USD   29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD   129.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD   169.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD   169.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Learn about institutional subscriptions

References

  1. Zimmerman, P.: Prawo upadłościowe. Prawo restrukturyzacyjne. Komentarz. C.H. Beck, Warsaw (2018)

    Google Scholar 

  2. Judgment of the Court Appeal in Łódź of 29 March 2017, I ACa 1260/16, Legalis (2017)

    Google Scholar 

  3. Judgment of the Court of Appeal in Łódź of 30 June 2017, I ACa 1698/16, Legalis (2017)

    Google Scholar 

  4. Judgment of the Supreme Court of 2 March 2017, II KK 358/16, Legalis (2017)

    Google Scholar 

  5. Judgment of the Court of Appeal in Szczecin of 20 June 2017, III AUa 645/16, Legalis (2017)

    Google Scholar 

  6. Decision of the Supreme Court of 10 August 2017, I CSK 328/17, Legalis (2017)

    Google Scholar 

  7. Judgment of the Supreme Court of 20 January 2015, V CSK 254/14, Legalis (2015)

    Google Scholar 

  8. Judgment of the Court of Appeal in Cracow of 5 December 2014, I ACa 1090/14, LEX (2014)

    Google Scholar 

  9. Judgment of the Court of Appeal in Katowice of 7 July 2017, V ACa 640/16, Legalis (2017)

    Google Scholar 

  10. Judgment of the Court of Appeal in Warsaw of 10 January 2018, VII AGa 39/18, Legalis (2018)

    Google Scholar 

  11. Klich, A.: Dowód z opinii biegłego w postępowaniu cywilnym. C.H. Beck, Warsaw, Biegły lekarz (2016)

    Google Scholar 

  12. McCormack, G.: National report for England. In: Faber, D., Vermunt, N., Kilborn, J., Richter, T. (eds.) Commencement of insolvency proceedings, oxford international and comparative law series, pp. 234–283. Oxford University Press, Oxford (2012)

    Google Scholar 

  13. Witosz, A.J.: Przygotowana likwidacja w postępowaniu upadłościowym—wybrane uwagi. In: Studia Ekonomiczne. Zeszyty Naukowe Uniwersytetu Ekonomicznego w Katowicach, No 329 (2017)

    Google Scholar 

  14. Daubert v. Merrell Dow Pharmaceuticals, Inc., 509 U.S. 579, 509 U.S., pp. 593–94 (1993)

    Google Scholar 

  15. Judgment of the Supreme Court of 8 June 2001, I PKN 468/00, OSNAPiUS No 8, item 197 (2003)

    Google Scholar 

  16. Judgment of the Supreme Court of 11 June 1974, II CR 260/74, Legalis (2015)

    Google Scholar 

  17. Nicklisch, F.: Der Teshnische Sachverständige im Prozess. In: Habscheid W.J. (ed.), Effektiver Rechtsschutz und verfassungsmässige Ordnung. Generalberichtezum VII. International Kongress für Prozessrecht, Gieseking Verlag, Würzburg (1983)

    Google Scholar 

  18. Hrycaj A.: Komentarz do art. 56a Prawa upadłościowego. In: Hrycaj A., Jakubecki A., Witosz A. (eds.), Prawo restrukturyzacyjne i upadłościowe, System Prawa Handlowego, vol. 6, C.H. Beck, Warsaw (2016)

    Google Scholar 

  19. Harris, Ch. R., Baker, H.G.: Practice pointers for working with expert witnesses in bankruptcy Court. New York Law Journal, 16 April 2012, p. 3 (2012)

    Google Scholar 

  20. Litwińska-Werner, M.: Wartość przedsiębiorstwa. In: Włodyka, S. (ed.), Prawo handlowe—część ogólna. System Prawa Handlowego. Tom 1, C.H. Beck, Warsaw (2009)

    Google Scholar 

  21. Reilly, R.F.: Valuation analyst guidelines related to bankruptcy expert reports and expert testimony. Dispute Resolut. Insights J. 7, 48 (2010)

    Google Scholar 

  22. Gottwald, P.: The culture and science of gathering information and proof-taking. In: Gilles P., Pfeiffer Th. (eds.), Prozeßrecht und Rechtskulturen, Baden-Baden (2004)

    Google Scholar 

  23. Judgment of the Supreme Court of 17 Match 2017, III CSK 84/16, LEX (2017)

    Google Scholar 

  24. Daub, S.: Die Tatsachenerhebungdurch den Sachverständigen. Peter Lang Frankfurt/M, Berlin, Bern, New York, Paris, Wien (1997)

    Google Scholar 

  25. Gurgul, S.: Prawo upadłościowe. Prawo restrukturyzacyjne. Komentarz. C.H. Beck, Warsaw (2018)

    Google Scholar 

  26. Mayr, D.: In: Bayerlein, W. (ed.) Praxishandbuch Sachverständigenrecht, München (2008)

    Google Scholar 

  27. Judgment of the Court of Appeal in Cracow of 7 May 2015, II AKa 64/15, Legalis (2015)

    Google Scholar 

  28. Judgment of the Supreme Court of 29 June 2007, SNO 39/07, Legalis (2007)

    Google Scholar 

  29. Trilsch, J.: Die Stellung des Sachverständigen gegenüber dem Gericht im deutschen und englischen Zivilprozessrecht. Shaker Verlag GmbH, Aachen (1994)

    Google Scholar 

  30. Ayotte, K., Morrison, E.R.: Valuation Disputes in Corporate Bankruptcy (January 19, 2018). University of Pennsylvania Law Review (2018)

    Google Scholar 

  31. Stewart, A.: The Value of Expert Evidence. In: The American Law Register and Review vol. 41, no 6 (1893)

    Article  Google Scholar 

  32. Decision of the Supreme Court of 5 June 2007, IV KK 53/07, Legalis (2007)

    Google Scholar 

  33. Judgment of the Court of Appeal in Warsaw of 28 June 2017, 28.06.2017, I ACa 561/16, Legalis (2017)

    Google Scholar 

  34. Decision of the Supreme Court of 10 January 2017, III SPP 66/16, Legalis (2017)

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Kinga Flaga-Gieruszyńska .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2019 Springer Nature Switzerland AG

About this paper

Check for updates. Verify currency and authenticity via CrossMark

Cite this paper

Flaga-Gieruszyńska, K. (2019). The Role of a Court Expert in Determining the Sale Price of an Enterprise or Individual Assets in the Polish Bankruptcy Law—Selected Legal Aspects. In: Tarczyński, W., Nermend, K. (eds) Effective Investments on Capital Markets. Springer Proceedings in Business and Economics. Springer, Cham. https://doi.org/10.1007/978-3-030-21274-2_6

Download citation

Publish with us

Policies and ethics