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 S.A. (dalej ,,Spółka”) podaje do publicznej wiadomości, że w dniu 26 października 2016 r. Zarządca uzyskał informację o wydaniu w dniu 24 października 2016 roku przez Sędziego Komisarza, ustanowionego w postępowaniu sanacyjnym Spółki, postanowienia o uchyleniu uchwał Rady Wierzycieli z dnia 21 września 2016 roku tj.: – uchwały nr 1/09/2016 dotyczącej odwołania dotychczasowego Zarządcy Spółki i powołania do pełnienia funkcji Zarządcy Spółki, spółki pod firmą PMR Restrukturyzacje S.A....

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...

HAWE SA (hereinafter referred to as the "Company") hereby announces that it has been informed that on 21 September 2016, the Board of Creditors established in the Company's restructuring proceedings adopted a resolution on the dismissal of the previous Administrator, Mr Wojciech Makucia, and the appointment of a company under the name of PMR Restrukturyzacje SA with its registered office in Warsaw to perform the function of the Administrator of HAWE SA, as well as a resolution on the justification for continuing the Company's restructuring proceedings. In accordance with Article 136 Section 2 and Article 455 Section 2 of the Act...

Restructuring advisors from PMR Restrukturyzacje SA inform about the doubts of public companies in making decisions on restructuring. This concerns the obligation to publish information about the submission of a restructuring application to the court in the event of a threat of insolvency. The problem concerns many companies in Poland. When a public company makes a decision on restructuring, it must immediately publish this information in accordance with the information obligation of companies listed on the WSE. The court, adopting...

Since tax fraudsters are elusive to tax offices, all those operating in the same industry become suspects. Now, it is Piotr Bieliński, whose company Action is to pay PLN 90 million. Are we in for a new Optimus case? When Piotr Bieliński first withdrew Action's earnings forecast over a year ago, investors did not expect such a tragedy. Action was a giant in electronics distribution, the most profitable company in the industry, with 5...