Although companies undergoing restructuring are still struggling with the problem of obtaining financing for their operations, there are already the first signs that banks are starting to treat them as equal business partners. A positive example of this is Fiten SA, which has been undergoing restructuring proceedings since August 2016. The company's management board, together with the administrator, the law firm PMR Restrukturyzacje SA, concluded an agreement in mid-April this year with...

The National Revenue Administration was launched at the beginning of March, tasked with closing the tax gap in the state budget. The new customs and tax administration has been given broad powers that are causing concern among entrepreneurs and economic experts. The new customs and tax service will be able to inspect entrepreneurs without warning, both in a company and a private home. Inspectors may demand the disclosure of all company documents, even those covered by confidentiality...

PMR Restrukturyzacje SA acting as the manager of FITEN SA in restructuring concluded a tripartite agreement with the banks financing the company, i.e. ING Bank Śląski and mBank, on 11 April 2017, under which both banks will grant the company revolving loans worth PLN 3 million and PLN 500 thousand on market terms. The loan agreements require the consent of the relevant court, but the agreement can already be called a success. According to the Management Board of the Company, the signing of the agreement and loan agreements is...

The Director of the Fiscal Administration Chamber in Kraków has overturned the decisions of the Director of the Fiscal Control Office in Kraków concerning SFK, a subsidiary of Action. These are decisions specifying tax liabilities and questioning the company's tax deductions in the period from June to September 2015 for a total amount of PLN 2.766 million. The cases have been referred for reconsideration. The Director of the Chamber, justifying such decisions, indicated "the lack of evidence of abuse of tax regulations resulting in...

Mediatel and its subsidiary Hawe Telekom have signed a letter of intent with Huawei Polska regarding cooperation in the field of technological, commercial and financial support. The signing of a detailed agreement is planned for the end of May - Mediatel informed in a press release. The companies announce close cooperation on the Polish market. It assumes, among other things, active support from Huawei in the development of the Hawe group. - "We want to use our unique experience in working with Polish telecommunications companies....

The Management Board of Mediatel S.A. (the "Issuer") hereby announces that on 12 April 2017 Hawe Telekom Sp. z o.o. in restructuring with its registered office in Warsaw (the "Company") filed objections against Resolution No. 1/03/2017 of the Board of Creditors dated 3 April 2017 regarding the dismissal from the position of administrator of PMR Restrukturyzacje S.A. (the "Administrator") and the appointment of restructuring advisor Wiesław Ostrowski in his place (the "Resolution"). The Management Board of Hawe Telekom...

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...