GENERAL DESCRIPTION OF THE MECHANISMS OF PROTECTION OF THE RIGHTS OF CREDITORS OF THE REORGANIZED LEGAL ENTITY

One of the main issues in the reorganization of legal entities is the protection of the rights and interests of its creditors.This is due to the fact that the reorganization of a legal entity mainly affects the interests of creditors and jeopardizes the exercise of their rights.For this reason, it is important to set clear deadlines for notifying the creditor before the reorganization process begins. In addition, it is necessary to reconsider the usual procedure for informing the creditor about these processes, to increase the creditor’s interest in informing about the beginning of the reorganization, and to introduce a public procedure for notifying.It is possible for a legal entity that has been notified in time of the reorganization process to file a claim against the legal entity that owes it and to maintain a legal relationship with the reorganized legal entity. This is an important tool in the legislation to protect the rights of creditors.

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