Such a positive example is the company 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 banks financing the company - ING Bank Śląski and mBank. It signed two agreements with them - for a revolving credit in the amount of PLN 3 million and a working capital credit in the amount of PLN 500 thousand. - Concluding an agreement with the banks and obtaining further financing...

New confiscation laws coming into effect this week will allow the state to seize companies used to scam or hide the proceeds of crime. However, owners of such companies could lose control of them long before a final conviction for fraud – as soon as the investigation begins. It will all depend on the prosecutor. If he is convinced that the case will end in a conviction and there is a good chance of a verdict...

More and more people want to declare consumer bankruptcy. You can do so if you have incurred debts, for example, due to illness or accident, and not by taking out a loan on credit. In the first quarter of this year, district courts that handle consumer bankruptcy cases (in our region, Bydgoszcz and Toruń) issued 69 such decisions. In the whole of 2016, there were 404 of them. "The purpose of consumer bankruptcy is to discharge a person's debts, and satisfying creditors is secondary," emphasizes Małgorzata Anisimowicz, president of the law firm...

Contrary to popular belief, consumer bankruptcy is not something to be afraid of. For a debtor who is unable to repay the loans they have taken out, harassed by enforcement and fending off bailiffs, this is the only chance to escape the debt spiral. However, before filing for bankruptcy in court, it is worth knowing how to prepare for it in order to avoid mistakes and unpleasant legal consequences. - The purpose of consumer bankruptcy is to discharge the consumer's debt, and the satisfaction of creditors is relegated to the background. And this...

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...