Regional news: Poland

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

New York court approves pre-pack Chapter 11 plan in record time

A New York bankruptcy court has confirmed the pre-packaged Chapter 11 plan of one Eastern Europe’s biggest spirits producers with “unprecedented” speed, after hearing that the stigma of bankruptcy may panic creditors and vendors in the region.

01 February 2017

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