The Management Board of the PMR Restrukturyzacje SA law firm informs that the Creditors' Council of Hawe Telekom Sp. z oo in restructuring on 3 April 2017 adopted a resolution on the dismissal of the administrator in the person of PMR Restrukturyzacje and appointed in his place a restructuring advisor in the person of Wiesław Ostrowski. The administrator, referring to the justification of the decision of the Creditors' Council, which has not been presented to the administrator so far, but has appeared in the media, indicates that the restructuring proceedings...

Today, the commercial court in Warsaw will decide whether to declare the telecommunications company Hawe Telekom bankrupt. Such a motion was filed by its largest creditor, the Industrial Development Agency, which is seeking a liquidation sale. The company's restructuring administrator, the PMR Restrukturyzacje SA law firm, does not share this position. It believes that increasing the company's value and refinancing the debt is faster and more beneficial for everyone. In recent days, the Internet and regional press have published...

The Management Board of the PMR Restrukturyzacje SA law firm informs that the Creditors' Council of Hawe Telekom Sp. z oo in restructuring on 3 April 2017 adopted a resolution on the dismissal of the administrator in the person of PMR Restrukturyzacje and appointed in his place a restructuring advisor in the person of Wiesław Ostrowski. The administrator, referring to the justification of the decision of the Creditors' Council, which has not been presented to the administrator so far, but has appeared in the media, indicates that the restructuring proceedings...

Lack of trust in companies "under repair" is not conducive to their rescue, say advisors. Many restructurings initiated last year have ended in failure. This is despite the new restructuring law introduced in January 2016, which gives priority to repair actions aimed at saving companies from bankruptcy. Companies undergoing restructuring can apply for public aid, participate in tenders, and banks can no longer terminate previously concluded contracts...

Hawe Telekom, a company from the Mediatel SA group, has concluded an agreement for the delivery, installation, launch and 5-year service of the new DWDM transmission system of the Huawei concern. The investment is an element of the restructuring plan implemented by the company and will enable a significant improvement in financial results at the level of the entire capital group. The implemented system will increase the capacity of the Hawe Telekom transmission network to 8Tbps. It is currently the most modern technological solution in the world in the field of construction of long-distance...

The state will be able to support a failing small or medium-sized company when it loses more than half of its capital due to losses in its operations. This is, in short, the condition after which of the facilities contained in the Restructuring Law will be available to entrepreneurs from the SME sector. It is to be introduced to it by an amendment, the draft of which has already been sent for inter-ministerial consultations and agreements. It has been proposed that after adoption, the amendment enter into force 14 days after publication...

The Hawe Telekom Management Board, in connection with the stabilization of the company's business activity, has submitted a modification of the initial arrangement proposals to the restructuring court in Warsaw. They are an update of the application to open restructuring proceedings from last year. The proposal provides for the repayment of 100% of the principal debt to all creditors. The proposals are particularly attractive for smaller creditors, who in the case of a debt of up to PLN 10,000 would be repaid in full only in the form of...

Action announces that this month it should be known how many objections there are and to which receivables, which will pave the way for the next stage of the restructuring proceedings, which began in the summer of 2016. "We have money to settle our liabilities and run the business," emphasizes CEO Piotr Bieliński. He adds that now much depends on the creditors. Do they want to reach an agreement? "They approach us like a hedgehog," complains the CEO. In his opinion, the creditors do not yet know...

More and more companies, important for the German economy, are struggling with financial problems. Last year, losses due to insolvency were 48% higher than in the same period of previous years. As experts from PMR Restrukturyzacje SA warn, the German crisis may have a negative impact on Polish companies. Losses due to insolvency of companies in Germany have particularly affected the production, trade, construction, finance and transport sectors. However, the problems of companies with...

Many debtors agree to a very unfavourable calculation of the amount of the obligation in bankruptcy proceedings. If they divided the debt relief into two parts, some could save even several hundred thousand złoty. Let's imagine that a person who took out a loan indexed in Swiss francs intends to declare consumer bankruptcy. The bank reports a claim of PLN 250 thousand on the list being prepared. The amount results from the fact that the financial institution terminated the loan and calculated...