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SPCG Advises Mostostal Zabrze on Settlement with Bank Zachodni WBK

Poland
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Studnicki Pleszka Cwiakalski Gorski has advised the Mostostal Zabrze holding company during negotiations and execution of its settlement agreement with Bank Zachodni WBK concerning claims Mostostal Zabrze filed in the bankruptcy proceedings of Reliz.

Mostostal Zabrze’s claims related to its investment in construction of the 69,000 square meter Uni Centrum (now known as the Altus) building in Katowice. The value of Mostostal Zabrze's claim against Reliz was at one point estimated as approximately PLN 46 million (EUR 11.7 million) plus interest, but terms of the settlement were not disclosed.

Reliz was a wholly-owned subsidiary of Poland Kredyt Bank, which merged with Bank Zachodni WBK in January of 2013, creating the third largest bank in Poland by market share.

SPCG Partners Piotr Kaminski and Tomasz Spyra led the firm’s team on the matter.

 

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