After all, the auction is about the best market price. The question is whether comparing all price offers in real time is only the privilege of the auction organizer or the right of all participants. Online sales platforms generate prices because virtual reality allows participants to participate in legal transactions online, eliminating the barrier of locality of a specific event. On the other hand, however, the popularity of online activities generates a number of limitations regarding knowledge about auction increments, which have naturally always existed in conventional live auctions.
On January 1, 2024, there was a sensation in the Polish zloty exchange rate on the currency market in Poland. The popular Google search engine presented data that indicated a significant increase in the value of foreign currencies in relation to the Polish zloty.
Google algorithm error.
The New Year could start very financially for holders of foreign currencies thanks to the current currency rates published by the Google search engine. On Monday, January 1, from 5:30 p.m., Internet users observed a sudden jump in the value of currencies compared to the Polish zloty via the Google search engine. At its highest point, the value of the zloty decreased by over 30%.
Given the current medical standards, the birth of a new medicinal product (drug) can only become a fact as part of a long-term and expensive research and development process. Such a process carries a high risk of failure. Typically, the research and development process takes many years and its effectiveness is low. However, such research is undoubtedly needed.
An important issue in the restructuring process, practical for creditors from the point of view of making decisions in restructuring and bankruptcy proceedings, is the valuation of the assets of the entity subject to restructuring, taking into account individual classes of assets. We may be dealing with a valuation of the entire enterprise or individual components. In Poland, company valuation and the process related to it have not been legally regulated. At the restructuring stage, the bankruptcy trustee or liquidator – depending on the form of proceedings – estimates the components of the bankruptcy estate, and may use experts to that purpose.
