Other proceedings

Contact Us:

lzmo@zfrsa.pl

Proceedings

LZMO S.A.

Status: Pending
Sąd: District Court in Zielona Gora, 5th Commercial Division, Bankruptcy and Restructuring Section

Dear Sirs,

Pursuant to the Decision of the District Court in Zielona Gora, 5th Commercial Division, Bankruptcy and Restructuring Division, of 25 August 2016, a sanation proceeding for the debtor LZMO S.A. with its seat in Lubsko was opened.

As of the date on which the above decision was rendered by the Court, the Company retained its right to manage the entire enterprise to the extent that does not exceed ordinary management. The opening of the sanation proceeding does not adversely affect the operations of LZMO S.A. As of 25 August 2016, the Company will continue to conduct its business, perform contracts and enter into new contracts. Pursuant to Articles 230 and 313.1 of the Restructuring Law, within 30 days as of the opening of the sanation proceeding, the administrator will submit a record of claims and a restructuring scheme to the judge-commissioner.

At the same time, the Administrator points out that all claims for the period before 25 August 2016 (taking the statutory exclusions into consideration) will be satisfied under the terms and condition of the arrangement through a vote by the creditors on the arrangement in the sanation proceeding.

In any matters pertaining to the course of the restructuring proceeding, the administrator contacts the creditors via e-mail. Please send any correspondence to the following address: lzmo@zfrsa.pl.

Contact:

lzmo@zfrsa.pl