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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.

Editor's Note: On August 3, 2023, SSW Pragmatic Solutions announced that the Erbud versus Bank Millennium case ended, with the firm achieving a final judgment requiring Bank Millennium to reimburse Erbud with PLN 112.3 million.