The Administrator of HAWE SA w restrukturyzacji (in restructuring) with its registered office in Warsaw (the "Issuer") hereby announces to the public that on November 17, 2016, it received information from the Management Board of HAWE SA (in restructuring) in the person of Mr. Paweł Paluchowski that on November 16, 2016, the proxy of the Management Board of the Issuer filed with the District Court for the Capital City of Warsaw in Warsaw, 10th Commercial Division for Bankruptcy and Restructuring (the "Court") an application to dismiss the previous Administrator of the Issuer - Mr. Wojciech Makucia...

More and more people are deciding to use consumer bankruptcy. And the fact that more and more people decide to take such a step in a difficult financial situation is due to the law, which currently allows you to start everything almost from scratch. Over 5 thousand bankruptcies have already been declared this year. This is more than twice as many as last year. According to experts from PMR Restrukturyzacje SA, the constant increase in the number of consumer bankruptcy applications filed in Poland is a natural, normal and desirable trend. In their opinion...

More than 60% companies can increase their profits by at least 5% by pricing products more effectively. Using new technologies, customer data analytics, and pricing based on subjective product value is a huge opportunity for many companies. Companies that understand the value of their products and then develop the appropriate data analytics and pricing skills will become leaders in their industry. The past years of economic slowdown...

PMR Restrukturyzacje SA, acting as the Court Supervisor in the accelerated arrangement proceedings conducted against Property Lease Fund SA in restructuring with its registered office in Poznań, hereby informs that a Meeting of Creditors was held on 14 and 15 November 2016. On 14 November 2016, the Judge Commissioner, pursuant to Article 97 of the Restructuring Law, approved the list of receivables and then conducted a vote, at which the eligible Creditors supported the arrangement proposals by a majority of 2/3 of the votes....

This summer for Action was certainly not easy. On August 1, at the request of the company, restructuring proceedings were opened, which was dictated by the need to protect the rights and interests of the company, its contractors and shareholders. At a meeting organized by the company for the company's partners, they were able to learn about the company's restructuring plan. As was often mentioned during the meeting, Polish restructuring law has only been in force since the beginning of this year. Thus, Action SA is one of the...

HAWE SA (hereinafter referred to as the "Company") hereby announces to the public that on 26 October 2016 the Administrator obtained information about the issuance on 24 October 2016 by the Judge Commissioner, appointed in the Company's restructuring proceedings, of a decision to repeal the resolutions of the Board of Creditors of 21 September 2016, i.e.: - resolution no. 1/09/2016 concerning the dismissal of the previous Administrator of the Company and the appointment of a company under the name of PMR Restrukturyzacje SA to perform the function of Administrator of the Company...

As reported by the Financial Times, in recent months, Chinese bankruptcy judges have begun receiving instructions and case studies so that they know what verdicts to issue to save failing companies. This is the authorities' response to the growing number of unconstructive bankruptcies of companies in which owners do not seek state aid until the end. According to data from the Financial Times, only 1,028 company bankruptcies were registered in China in the first quarter of this year, a 52.5 percent increase...

The new bankruptcy and restructuring law, in force since 1 January 2016, has provided a real opportunity to defend against filing bankruptcy applications by unfair competition or as blackmail. This is a significant change that allows honest companies to more effectively defend themselves against the informational effects of such an application and the loss of a good image. The entry into force of the new Bankruptcy and Restructuring Law at the beginning of this year regulates not only the issues of actual bankruptcies and restructuring...

The best price for products, added value and strong own brands – these are the three main pillars on which Action intends to base the success of the company and partners – informed the company's management at a conference for the distributor's customers, which took place on October 14 in Warsaw. According to the distributor's declaration, the new business strategy is based on "close, honest and innovative cooperation with resellers." – In the face of the accumulation of so many unfavorable factors in the IT industry, the only way...

In reference to the information regarding the opening of the restructuring proceedings against FITEN SA in restructuring (Issuer, Company, Fiten) as part of the process of initiating the restructuring of the Issuer pursuant to the Restructuring Law (current report 08/2016 of 10 August 2016), the Management Board of the Company hereby announces that today, i.e. on 12 October 2016, PMR Restrukturyzacje SA, authorised to act by the administrator, concluded an agreement (Agreement) with ING Bank Śląski SA with its registered office in Katowice...