Poland

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Bond restructuring: A completely new legal regulation in Poland

Completely new solutions on bond restructuring will come into force in Poland on 1 July 2015. The change is crucial – so far, in principle, bond restructuring has been impossible, with the issuers having to resort to partial solutions or being unable ...

Resource Article - abi_admin - 07/27/2015 - 12:54 - 0 comments - 1 attachment

Poland Persuades Three Blue-Chip Firms To Help Rescue Coal Sector: Sources

Poland has persuaded at least three major companies to contribute to a bailout of troubled coal miner Kompania Weglowa, despite some executives' misgivings about the commercial logic of getting involved, sources with knowledge of the matter said. Af ...

Daily Headline - global.abi.org - 07/22/2015 - 19:33 - 0 comments

Poland’s Banks Braced For $2.5 Billion Hit On Swiss Franc Mortgages

In a related story, the Financial Times reported that Poland’s banking sector is bracing itself for a $2.5bn hit as the fallout from the Swiss franc’s appreciation continues to hurt the country’s lenders. Seven of the country’s largest banks could se ...

Daily Headline - global.abi.org - 07/20/2015 - 20:36 - 0 comments

DLA Piper - Global Insight Q1 2015 content for Global INSOLvency.com website

In recent months, the US has seen a staggering increase in the number of retailers, both large and small, filing for bankruptcy. Among others, Dots, Alco Stores, Radio Shack, Deb Shops, Wet Seal, and Delia’s have each filed for bankruptcy protection in t ...

Resource Article - twallace@abiwor... - 04/06/2015 - 10:38 - 0 comments - 0 attachments

Bankruptcy Fears For Poland’s Credit Unions

Almost half of Poland’s credit unions are close to bankruptcy, as a collapse in the sector’s financial health strains the country’s banking bailout fund, the Financial Times reported. The industry is a primary source of funds for millions of poor and ...

Daily Headline - global.abi.org - 01/05/2015 - 22:08 - 0 comments

Polish Regulator Seeks Bankruptcy For Credit Union SKOK Wolomin

Poland's financial regulator KNF is seeking court approval for ailing credit union SKOK Wolomin to be declared bankrupt, a step that would allow depositors to get their money back through the country's bank guarantee fund, Reuters reported. SKO ...

Daily Headline - global.abi.org - 12/15/2014 - 00:23 - 0 comments

Actio Pauliana of the bankruptcy receiver within or outside the proceedings?

A summary of the final paper from the 2013 Richard Turton Award winner, Advokat Danuta Brzezińska Attachment Size _actio_pauliana_of_the_bankruptcy_receiver_within_or_outside_the_proceedings_by_danuta_brzezinska.pdf ...

Resource Article - twallace@abiwor... - 03/24/2014 - 17:42 - 0 comments - 1 attachment

Poland Worries About Ukraine Funds

Poland’s prime minister said Tuesday he’s concerned that if given money now Ukraine would use it to pay the debts it owes to Russia rather than to initiate reforms as it seeks to build a new system of government, The Wall Street Journal Emerging Euro ...

Daily Headline - global.abi.org - 02/25/2014 - 22:40 - 0 comments

Poland Seeks to Jolt Economy

Poland will increase its budget gap for this year by nearly half, the government said yesterday, acknowledging the severity of the current slowdown in the economy so far among the most resilient to Europe's financial crisis, the Wall Street Journa ...

Daily Headline - abi_admin - 07/16/2013 - 22:43 - 0 comments

GTI Travel Polska Declares Insolvency

After German travel agency GTI Travel declared bankruptcy on Monday, its Polish unit has decided to suspend sales and declare insolvency, the Warsaw Business Journal reported. The Polish company has said it is looking for new flights for its clients ...

Daily Headline - global.abi.org - 06/05/2013 - 22:15 - 0 comments

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