{"id":5894,"date":"2020-08-27T08:01:58","date_gmt":"2020-08-27T06:01:58","guid":{"rendered":"http:\/\/pmr-restrukturyzacje.local\/pmr\/branza-turystyczna-i-estradowa-szukaja-ratunku-w-uproszczonej-restrukturyzacji\/"},"modified":"2020-08-27T08:01:58","modified_gmt":"2020-08-27T06:01:58","slug":"the-tourism-and-entertainment-industry-is-seeking-salvation-in-a-simplified-restructuring","status":"publish","type":"post","link":"https:\/\/pmrsa.pl\/en\/the-tourism-and-entertainment-industry-is-seeking-salvation-in-a-simplified-restructuring\/","title":{"rendered":"Tour and stage industry seeks rescue in simplified restructuring"},"content":{"rendered":"

The sector, which employs 800,000 people in more than 13,000 companies and is worth close to PLN 55 billion, hinges its future on the development of the pandemic, as well as the entry into force of the Tourism Shield Act. The next parliamentary work in relation to the new legislation is scheduled for 10 September this year. According to PMR Restructuring experts, a simplified restructuring procedure may prove to be a helpful solution for many companies in a crisis situation.<\/p>\n

\u2013 In order to get back on track and compensate for the losses incurred, in July and August companies from tourism industry<\/a> would have to significantly increase the planned profits and maintain a high level of revenues in the coming months. The coming autumn is, however, completely unpredictable and due to fear of the announced another wave<\/a> illnesses, most of us decide to take a vacation now. In September and October, we can therefore expect another slowdown in the industry, which the budgets of many companies may no longer withstand <\/i>\u2013 explains Ma\u0142gorzata Anisimowicz, President of the Management Board of PMR Restructuring<\/a> and a qualified restructuring advisor, and adds that in the near future, the second huge challenge for entrepreneurs from this sector will be the expiring deadline for paying reservation refunds. <\/a>It is therefore all the more crucial to implement aid mechanisms to cushion the effects of the loss of financial liquidity, including the temporary exemption of entrepreneurs from ZUS contributions, payment of downtime benefits, as well as the establishment of the Tourist Refund Fund, which will help maintain liquidity despite the need for companies to pay funds for cancelled tourist events.<\/p>\n

Simplified restructuring<\/a> a chance to survive<\/b><\/p>\n

Representatives of the tourism industry who do not manage or will not have the opportunity to take advantage of the solutions provided for in the anti-crisis shield may therefore prove to be a significant 'beneficiary' of the new tool for entrepreneurs, in the form of simplified restructuring proceedings.<\/p>\n

\u2013 In comparison to the classic restructuring procedure, its a simplified version brings for the company<\/a> several indisputable advantages. First of all, it is the extrajudicial nature, which speeds up the decision-making process and allows for an almost immediate stay of enforcement. The simplified procedure also takes much less time than other repair procedures, allows for remote voting on the arrangement and facilitates the protection of key contracts<\/i> - explains Ma\u0142gorzata Anisimowicz. The new legal regulations provide, among other things, for the inability of landlords to terminate reciprocal agreements, such as agreements for the lease of premises or real estate on which a business is run, as well as leasing agreements.<\/p>\n

Article originally appeared on CEO Business in Practice<\/b>:25 August 2020. We invite you to read the full version:\" Tour and stage industry seeks rescue in simplified restructuring<\/a><\/div>","protected":false},"excerpt":{"rendered":"

Sektor zatrudniaj\u0105cy 800 tysi\u0119cy os\u00f3b w ponad 13 tysi\u0105cach firm i wart blisko 55 mld z\u0142, swoj\u0105 przysz\u0142o\u015b\u0107 uzale\u017cnia od […]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[19],"tags":[],"ppma_author":[30],"class_list":["post-5894","post","type-post","status-publish","format-standard","hentry","category-blog"],"authors":[{"term_id":30,"user_id":12,"is_guest":0,"slug":"teampmr-restructuring-pl","display_name":"Zesp\u00f3\u0142 PMR","avatar_url":{"url":"https:\/\/pmrsa.pl\/wp-content\/uploads\/2024\/10\/logo2-e1729926426335.png","url2x":"https:\/\/pmrsa.pl\/wp-content\/uploads\/2024\/10\/logo2-e1729926426335.png"},"author_category":"","first_name":"Zesp\u00f3\u0142 PMR","last_name":"","user_url":"","job_title":"","description":""}],"_links":{"self":[{"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/posts\/5894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/comments?post=5894"}],"version-history":[{"count":0,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/posts\/5894\/revisions"}],"wp:attachment":[{"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/media?parent=5894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/categories?post=5894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/tags?post=5894"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/ppma_author?post=5894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}