Włodarzewska S. A.
Sąd: District Court for the Capital City of Warsaw in Warsaw
We inform you that, pursuant to the decision of the District Court for the Capital City of Warsaw in Warsaw, 10th Commercial Division for Bankruptcy and Restructuring of 21 September 2016 (case file No. X GR 48/16), a fast-track arrangement proceeding was opened for Włodarzewska S.A. with its seat in Warsaw (hereinafter: the “Company”). Zimmerman Filipiak Restrukturyzacja S.A. was appointed the court-appointed supervisor for the proceeding. Aleksandra Ziółkowska - Majkowska, District Court Judge holds the position of the judge-commissioner and A. Kaftańska holds the position of the deputy judge-commissioner.
The opening of the restructuring proceeding does not adversely affect the operations of Włodarzewska S.A. The Company conducts business activity, performs concluded contracts and may enter into new contracts, as it did before.
The fundamental change is about the protection of the Company against execution proceedings (a prohibition against initiating execution against Włodarzewska S.A.) the fact that any debts which originated before 21 September 2016 will be restructured in line with the principles set forth in the arrangement proposals (the arrangement proposals will be served on each creditor at the address of the creditor's registered office in the next few weeks).
The court-appointed supervisor supervises compliance with the law and the current operations of Włodarzewska S.A. Without the consent of the court-appointed supervisor, the Company may not perform any actions which go beyond the so-called ordinary management.
In any matters pertaining to the course of the restructuring proceeding, the supervisor contacts the creditors via e-mail. Please send any correspondence to the following address: email@example.com.