Market analysis shows that even every fifth operating company may require deep restructuring. With a quick response to emerging problems with the company's financial liquidity, it can be saved. Everyone benefits from restructuring: companies continue to operate, and creditors recover more than in bankruptcy. In the current proceedings that we are dealing with, it turns out that companies are quite well managed, but they need money. Restructuring, even implemented...

The PMR Restrukturyzacje SA team informs that on 24 May 2016, the District Court for Kraków-Śródmieście in Kraków, the 8th Commercial Division for Bankruptcy and Restructuring Cases, changed the administrator in the restructuring proceedings of Dayli Polska sp. z o.o. On 1 February 2016, the District Court for Kraków-Śródmieście in Kraków, the 8th Commercial Division for Bankruptcy and Restructuring Cases, opened the restructuring proceedings of Dayli Polska sp. z o.o. After considering the case...

PMR Restrukturyzacje SA Law Firm as the Administrator in the restructuring proceedings of Hawe Telekom Sp. z oo in restructuring - in reference to the announcement of Mediatel SA (RB-27/2016) explains that the Restructuring Plan of Hawe Telekom submitted to the Court - contains all information required by the provisions of the restructuring law (Art. 10 of the Restructuring Law) and does not refer to the restructuring plan of the entire capital group for objective reasons, i.e. due to the failure to submit such a plan to the Court...

Specialists from the Polish company PMR Restrukturyzacje SA have analyzed the situation in the American oil industry. They estimate that the record for bankruptcies will soon be reached and exceeded, despite the rising price of oil worldwide. The previous record was 68 bankruptcies in 2002/2003 in the telecommunications sector. - To understand why American companies file for bankruptcy, you need to know what it means for them. Declaring bankruptcy in Poland is commonly associated with the end of...

Only 7% of entrepreneurs in Poland know that the trustee as a profession has not existed since the beginning of the year. This is the result of a nationwide survey conducted by OBOAK. In Poland, until the end of 2015, the provisions of the Bankruptcy and Restructuring Law were in force, which gave modest opportunities both for survival to companies struggling with financial liquidity and for their creditors to recover their debts. As statistics show, almost 85% of conducted bankruptcy proceedings ended with liquidation...

Despite the new law, the commission-based remuneration system for bailiffs and other debt collectors leads to absurd situations and the bankruptcy of companies that could successfully continue to provide work for hundreds or thousands of people, informs PMR Restrukturyzacje SA. "This is in direct conflict with the spirit of the law, and especially with the spirit of the Restructuring Law, which came into force at the beginning of 2016 and implements the government's second chance policy," the law firm emphasizes. The new...

PMR Restrukturyzacje, the current administrator of Kerdos and Dayli, filed a statement with the court in which it requests the withdrawal of the motion to discontinue the reorganization proceedings opened in relation to Dayli. The previous administrator of Dayli, Zimmerman Filipiak Restrukturyzacja, sought to discontinue the reorganization proceedings. The law firm explained that it had not received money from the owner of Kerdos, which in its opinion was necessary for the continued operation of the Dayli drugstore. PMR Restrukturyzacje has a different approach to...

According to the court's decision, the new administrator in the Dayli restructuring proceedings will be PMR Restrukturyzacje. The law firm performs the same function in the restructuring proceedings conducted in Kerdos. PMR Restrukturyzacje will replace Zimmerman Filipiak Restrukturyzacja, which itself applied for a change of administrator. The court is still considering the application to discontinue the restructuring proceedings against Dayli, filed by the previous administrator, who argued that Dayli, contrary to assurances...

The court has appointed a manager for the restructuring proceedings for the owner of the Dayli drugstore. Now, temporary managers are to get to work. Things are not good, and the ambiguities are only growing, but at least the impasse is ending. This is the situation in Kerdos (formerly Hygienica), the listed operator of the Dayli drugstore chain. On Wednesday, the court appointed a manager for the restructuring proceedings in the company, which is not paying its debts and is closing stores, but is trying to save itself from liquidation. The law firm PMR Restrukturyzacje,...

On May 11, a court hearing will be held in Krakow to appoint a trustee for the Kerdosa injunction proceedings. It is likely that it will be PMR Restrukturyzacje. The company's main shareholder and Monika Nowakowska, who works with him, want the same law firm to formally take over the role of trustee in Dayli and allow managers brought in by RDM Partners to operate. Romuald Kalyciok is in conflict with Zimmerman Filipiak Restrukturyzacja, which was...