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DZP Client PLL LOT Obtains Approval of Restructuring Plan by European Commission

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Domanski Zakrzewski Palinka has announced that on July 29 the European Commission gave final approval to PLL LOT’s Restructuring Plan, thereby concluding that state aid granted to the company was compliant with EU law. This decision ends formal proceedings against the Polish carrier. 

DZP’s Infrastructure and Energy Practice advised PLL LOT in proceedings for obtaining approval of the Plan from the European Commission. In May 2013 the European Commission approved state aid of PLN 400 million for the airline, finding that aid aimed at rescuing undertakings in economic difficulties was in line with the EU rules. 

According to a DZP press release, Tuesday’s decision will enable the carrier to continue the Plan until October 2015.

The DZP team advising PLL LOT included Partner Marcin Krakowiak, Senior Associates Anna Glapa and Agata Kudelska, and Irena Filipowicz.

 

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