Asset Sales

Alternatives to Bankruptcy, Including Receiverships and ABCs

Seventh Annual ABI Asset Sale of the Year Award Information

Nomination Deadline: February 28, 2025

Criteria

• Completion of a distressed sale (in or outside of court via § 363, a plan, an assignment for benefit of creditors, Article 9, receivership, etc.) that was strategic and provided stakeholders with value (“Sale”);
• A display of excellence across the full spectrum of the Sale process, from the initial targeting through pursuit, structuring and financing, to completion of a transaction;

Drag-Along Clause as a Tool to Sell Assets of the Company

In Poland, the rules for the transfer of shares in a limited liability company (LLC) are specified in the Commercial Companies Code (CCC). According to Article 180 of the CCC, [1] the transfer of a share, or a fraction thereof, must be in writing with notarized signatures. The company agreement may contain additional restrictions on the transfer of shares, such as the need to obtain the company's consent to their sale or the introduction of a preemptive right for other shareholders.

Benchnotes February 2025

Feb 2025

Co-Chairs Corner

As we wrap up another incredible year, we wanted to take a moment to thank all of our members and reflect on our accomplishments together. It's been a year of growth, challenges and successes, and we're excited to share the highlights with you in this final newsletter of 2024. We look forward to the opportunities and adventures the new year will bring and hope to see many of you at future ABI events in 2025.