Regional news: Poland
Europe column: independent territorial insolvency proceedings under the recast EIR
Bob Wessels picks up where he left off last April on the topic of what happens when a territorial insolvency proceeding is opened prior to any main insolvency proceedings.
17 February 2023
CJEU case on tradability of personal data may create “significant” insolvency hurdles
Insolvency lawyers have raised concerns over a recent European Court of Justice referral from Poland, which could influence the debate over the tradability of data as an asset in distressed situations.
24 January 2023
Hogan Lovells leads on €4.5 billion restructuring of French hotel operator
A long list of law and advisory firms have helped international hotel operator AccorInvest Group secure additional financing and complete a multi-jurisdictional restructuring of its €4.5 billion debt pile.
07 April 2021
Baker McKenzie launches Polish restructuring practice
Baker McKenzie has brought in lawyers from Clifford Chance and local firm Wardyński & Partners to lead its new restructuring practice in Poland.
16 October 2020
Nortel’s Polish arm to end decade-long administration
The joint administrators of Nortel Networks Polska have secured termination and discharge orders from the High Court in London to bring an end to its 11-year administration in England.
26 August 2020
Financial services employee declared bankrupt after absconding with nearly US$3 million
A former employee of a New Zealand foreign exchange and payments services company who fled to Singapore after transferring its funds to accounts he controlled, has been declared bankrupt in a case that has already sparked asset-recovery proceedings in New Zealand, Singapore, Belgium Lithuania and South Africa.
18 June 2019
New Look gets go ahead to convene scheme meetings
Global fashion retailer New Look has been given the green light to convene meetings for its creditors to vote on two schemes of arrangement that aim to deal with a £1.44 billion (US$1.88 billion) debt pile.
02 April 2019
Pre-insolvency Column: Corporate restructuring landscape in Poland – new regulations in place
Piotr Bieniasz, finance director at Automatic Systems Engineering in Gdansk, discusses recent changes to Polish pre-insolvency law and the take-up of four new, specially tailored processes in the first year of their application, in our column produced in association with TMA Europe.
28 June 2017
Community roundup: New appointments at Pepper Hamilton, Gardere Wynne Sewell and CMS
Pepper Hamilton, Gardere Wynne Sewell and CMS Cameron McKenna Nabarro have all witnessed lateral partner hires and promotions over the past few weeks, while consultancies announced changes at the top in England, Scotland and Canada.
22 May 2017
Cyprus defeats bank bailout claim
Cyprus has prevailed in the first of several investment treaty arbitrations arising from its debt crisis, after a tribunal at the Stockholm Chamber of Commerce ruled that a haircut imposed on deposits at the Bank of Cyprus did not amount to unlawful expropriation.
28 February 2017