27
Thu, Feb
50 New Articles

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

yoell.pl

Poland
Typography

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.

 

Poland Knowledge Partner

Penteris is a law firm combining in-depth expertise, robust advice, and a pan-regional reach.

We provide full-service business law advice within five sector lines: Energy & natural resources, Financial institutions, Private equity, Real estate, and Retail.

On the market since 2001, we were originally part of a Scandinavian law firm and then a founding office of a pan-Baltic organisation.

Our attorneys will work closely with you, providing you with the hard skills, service-minded know-how, and legal expertise that will keep you secure while you lead the market.

Our skills are at your disposal:

  • Expertise and passion wrapped up in a personal service
  • Close-knit team providing a multidisciplinary approach
  • Ability to listen, understand, and deliver for the tangible benefit of the client.

The team continues to be internationally recognised year on year, most recently by Chambers Global 2019, Chambers Europe 2019, and The Legal 500 EMEA 2019.

Firm's website: https://penteris.com

Our Latest Issue