The company has filed a motion to change the restructuring administrator and to appoint the PMR Restrukturyzacje law firm, which already serves as the restructuring administrator in Hawe Telekom, to this function. According to the Hawe management board, appointing the same administrator for the restructuring proceedings in both companies will allow for a quick and effective restructuring to the benefit of creditors. The material was published on the website: on 30 March 2016: » Hawe – motion to change the restructuring administrator

In the United States, about 2 million small and medium-sized enterprises go bankrupt every year, and in the European Union – several hundred thousand. In Poland, on the other hand, the number of bankruptcies is systematically decreasing. Last year, courts declared 750 entities bankrupt – that is 10 percent less than in 2014. However, the ratio of companies going bankrupt to those that managed to recover after the collapse is very unfavourable for our country. What is the reason for this? (...) – It is a matter of changing the attitude – says Maciej Pietrzak,...

In anticipation of the information, the price of the fiber-optic group soared. Even a 56% return on investment could be achieved by buying Hawe shares on Wednesday for 73 groszy and selling them on Friday morning at the top for PLN 1.14 per share. The price of the fiber-optic group undergoing restructuring under the supervision of the court grew the most on Thursday – by over 30%. First, before midnight on Thursday, Hawe announced that the Cypriot vehicle Trinitybay Investments had disposed of all shares in February (in the shareholder's...

A Warsaw court has issued two decisions in quick succession, opening restructuring proceedings first in Hawe Telekom, an operating company of the Hawe group that owns the fiber-optic network, and then in the parent company. There are opinions that the content of the court's decision will make it difficult to efficiently restructure the group. The Hawe Telekom administrator believes that under certain conditions it is possible. After the recent court decisions, restructuring the Hawe group may be difficult, according to...

Lawyers indicate that following recent court decisions, restructuring the Hawe group may be difficult. The listed company first announced the decision of the Warsaw court to open restructuring proceedings in the subsidiary Hawe Telekom, and on Tuesday, a similar decision for the listed company itself. The lawyers are concerned about the fact that each company received a different set of people responsible for asset management and supervision. In Hawe Telekom, the administrator was PMR Restrukturyzacje. in...

The restructuring regulations that have been in force recently, in addition to their many advantages, also have several disadvantages. If they are not quickly fixed, the groundbreaking reform may end in failure. Restructuring instead of bankruptcy, and bankruptcy only as a last resort - the new restructuring law is to be a revolution in saving companies standing on the edge of the abyss. However, it is not without its disadvantages, which may limit its beneficial impact. District courts will not cope The biggest problem is the inheritance of bankruptcy proceedings...

Bankruptcy may soon become a rarely used term in Poland. Since the beginning of the year, a new restructuring law has been in force, which has also changed bankruptcy law. According to its rules, almost every company will be given a second chance, and entrepreneurs will only go bankrupt as a last resort. There are more interesting solutions. Restructuring culture Generally, the new law changes the approach to problems in a company. - It is a change from a culture of liquidation to a culture of restructuring - says Maciej...

The new restructuring law, which came into force on 1 January 2016, is intended to streamline, accelerate and increase the effectiveness of procedures aimed at saving enterprises. However, this does not mean that these are easy and simple regulations – for independent application. Restructuring advisors will help in their effective use. In the event of a loss of financial liquidity or another crisis that strongly affects the company's condition, entrepreneurs and managers most often try to cope on their own...

The conference organized by the Ministry of Development was devoted to business culture in Poland in the context of the government program New Chance Policy (PNS). It is a development program that comprehensively addresses the issues of managing a company in a crisis situation and issues related to the liquidation of companies. The main goals of PNS are: preventing crisis situations in companies by launching early warning systems, reducing the risk of liquidation...

The subject of the new law is still stirring up discussions among specialists in various fields. Many people and their opinions will probably strengthen the discourse, which I consider a very good sign. It indicates how much changes are needed in the restructuring of Polish enterprises. The New Restructuring Law, which comes into force on 1 January 2016, is a milestone in the approach to saving companies from the crisis. It provides new repair procedures, changing the culture of liquidation to the forefront of restructuring. And although the change...