On August 1, 2016, the District Court for the Capital City of Warsaw in Warsaw, 10th Commercial Division for Bankruptcy and Restructuring Cases, opened restructuring proceedings against ACTION Spółka Akcyjna with its registered office in Warsaw (KRS 0000214038). The largest Polish distributor of computer equipment – Action SA, is being advised in the restructuring proceedings by Restructuring Advisors from PMR Restrukturyzacje SA with its registered office in Warsaw.

We teach young entrepreneurs how to start a business, but we do not teach how to get out of trouble. When it comes to restructuring proceedings, you need to know that they are diverse and are adapted to different stages of problems. Unfortunately, the awareness of entrepreneurs in Poland in this respect seems to be low. - Elementary knowledge of restructuring procedures should be in the awareness of entrepreneurs. The turning point, when you have to think about initiating restructuring proceedings...

The application to close the restructuring process was filed a month ago by the company's administrator. In June, Wojciech Makuć, the administrator in the Hawe reorganization proceedings, indicated that the debtor's behavior indicated that the arrangement would not be implemented. On Monday, the court granted the application. After the reorganization is discontinued, Hawe's liquidation bankruptcy is becoming increasingly likely. However, as reported by Puls Biznesu, the company intends to file an appeal against the court's decision. However, the...

Bankruptcy proceedings of companies lasted too long, they were connected with the sale of assets, regulation of the legal situation. Restructuring proceedings are planned for a much shorter period and some should end after 2-3 months, they allow to save companies and preserve jobs - says Maciej Pietrzak, president of PMR Restrukturyzacja SA. The material was published on the website: on 5 July 2016: » New solutions to save bankrupt companies

In economies such as Germany or France, which are twice as large as Poland, there are 10-15 thousand bankruptcies – says Maciej Pietrzak, president of the management board of PMR Restrukturyzacja SA, in an interview with MarketNews24 – This means that bankruptcy law was not applied entirely correctly, because declaring bankruptcy is a way for a company to get out of trouble, to avoid the entry of a liquidator and liquidation of the company. The stabilization of the number of bankruptcies, or even its reduction, may now be facilitated by the current...

Since the beginning of the year, the restructuring law has been in force, which has led to changes in bankruptcy law. In the event of bankruptcy, employees are still privileged creditors, but thanks to legal changes, their chances of keeping their jobs and recovering the debt are increasing. - Thanks to legal changes, the chances of continued operation of a threatened enterprise are increasing, which for creditors means a much greater chance of recovering the debt - says the president of the management board of PMR Restrukturyzacja in an interview with MarketNews24...

The company wants a 27% reduction in bond debt and repayment dependent on the schedule of received lease payments. These will not end until 2046. The company's restructuring is to take the form of a partial arrangement, which will cover only the owners of all four series. This concerns series B, C, D and E securities with a total value of PLN 12.2 million. Before the opening of the restructuring proceedings, the first of them was not redeemed, while in the case of the others, interest payments were discontinued. The proposed...

A new act on the restructuring of companies that could be at risk of bankruptcy has been in force since January. Almost 50 companies are already subject to these proceedings – By the end of May, restructuring proceedings were introduced in almost 40 companies, now there are probably almost 50 of them – says Maciej Pietrzak, CEO of PMR Restrukturyzacja SA, in an interview with MarketNews24. The material was published on the website: on 30 June 2016: » Rescue of fifty...

PMR Restrukturyzacje is looking for financing for Dayli, among others, among investment funds. At this stage, it is possible that they will take up shares in the increased capital of Kerdos. If there is good will on the part of creditors and financing for Dayli is found, the Kerdos group will rise from its knees - says Maciej Roch Pietrzak, president of PMR Restrukturyzacje, which is acting as the administrator in the restructuring proceedings against Kerdos and Dayli. The administrator already has a framework plan for exiting...

The PMR Restrukturyzacje SA Team regrets to inform you that on 21 June 2016, Mr. Maciej Roch Pietrzak, for personal reasons, resigned from the position of President of the Management Board of PMR Restrukturyzacje SA On behalf of the Team and Clients, we would like to thank Mr. Maciej Pietrzak for his commitment to the work and development of our law firm, hoping that he will continue to support our activities for the further development of PMR Restrukturyzacje SA to the extent possible.