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SSW Pragmatic Solutions Successful for Erbud in Dispute with Millennium Bank

SSW Pragmatic Solutions Successful for Erbud in Dispute with Millennium Bank

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On May 29, 2018, SSW Pragmatic Solutions obtained a favorable judgment for Erbud S.A. in its dispute with Millennium Bank before the Court of Appeal in Warsaw.

According to SSW, the dispute "concerned a payment of more than PLN 70 million made by Millennium Bank to Erbud, in connection with the bank having offered and sold unsuitable financial instruments to Erbud, which failed to secure Erbud’s transactions and resulted in millions of PLN worth of loss."

SSW describes the Erbud Group as having been "established in 1990 and [having] extensive experience in completing prestigious construction projects." The group is active in building construction, road-engineering, industrial buildings, engineering, and maintenance services for the industry and power sector. It operates in Poland and other EU countries.

The SSW Pragmatic Solutions team was led by Partner Janusz Mazurek and supported by Counsel Lukasz Cudny and Associate Helena Czechowska.

 

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 2020, Chambers Europe 2020, and The Legal 500 EMEA 2020.

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

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