Firms To Watch: Restructuring and insolvency

Drawing on the strength of CMS Cameron McKenna Nabarro Olswang Posniak i Bejm sp.k.'s established banking and finance practice, the restructuring and insolvency team expertly advises on the gamut of restructuring issues. Michał Meżykowski is the key contact.
August 2022 marked a period of significant expansion for restructuring and insolvency boutique RESIST Law Firm. As well as the internal promotions of Tomasz Romanowski and Piotr Kieloch, this month saw the firm merge with Kancelaria Tomasz Uljasz, bringing on board Tomasz Uljasz and his entire team. Oskar Sitek and Piotr Rezanko continue to oversee much of the work.

Restructuring and insolvency in Poland

Allen & Overy, A. Pedzich sp. k.

Best known for its creditor-side expertise, the team at Allen & Overy, A. Pedzich sp. k. draws on the strength of the firm’s banking and finance practice to expertly handle cross-border restructurings; Arkadiusz Pędzich and Tomasz Kawczyński, in particular, embody this cross-departmental approach. Although the group is especially focused on reaching out-of-court settlements, many of the practitioners also have significant contentious experience. Practice head Bartosz Merczyński is the key judicial insolvency specialist, while counsel Jerzy Zdrojewski takes the lead on much of the transactional and non-litigious work.

Responsables de la pratique:

Bartosz Merczyński

Autres avocats clés:

Arkadiusz Pędzich; Tomasz Kawczyński; Jerzy Zdrojewski; Paweł Bartosiewicz

Les références

‘Professional and dedicated.’

‘Excellent communication.’

Principaux clients

Polski Fundusz Rozwoju (Polish Development Fund)

Liberty House Group

Samsung Electronics Polska


PKO Bank Polski

DZ Bank

Bank Pekao

Alior Bank


Principaux dossiers

  • Advised the Polish Development Fund on the implementation of a contractual and regulatory framework concerning the Polish national development plan, to be completed within the EU Recovery and Resilience Facility.
  • Advised the sponsor and shareholder of Polcom Modular, a Polish construction company, on the conclusion of a partial arrangement with a consortium of lenders through court restructuring proceedings.
  • Advised Liberty Steel Group, as the buyer, on the successful acquisition of the Polish steel mill Huta Czestochowa, which was completed out of bankruptcy under a formal, multi-stage, in-court tender procedure.

Clifford Chance

At Clifford Chance, the client roster spans Polish and international lenders, bondholders and trustees, insurance providers, listed companies, and servicers of distressed assets. The team is equally proficient in both out-of-court and contentious mandates, with Bartosz Krużewski providing the dispute resolution expertise, while Miłosz Gołąb and Andrzej Stosio bring their extensive banking and finance knowledge to the group. Cross-border refinancings and restructurings are mainstays of the department. Krużewski and Gołąb jointly head up the practice.

Responsables de la pratique:

Miłosz Gołąb; Bartosz Krużewski

Autres avocats clés:

Andrzej Stosio; Michał Jadwisiak

Principaux clients

mBank S.A.

PKO BP S.A. BGK, BOŚ S.A., Pekao S.A., ARP

OT Logistics S.A.


AT Capital Fund


Dentons fields an experienced multi-disciplinary team of restructuring experts and litigators. Practice head Anna Pukszto is singled out by one client for her ability to ‘find common win-win solutions in complex extra-judicial restructuring cases seemingly doomed to failure‘; cross-border bankruptcies and distressed asset acquisitions are her particular areas of expertise. Tomasz Trocki oversees the consensual restructuring offering, regularly advising on changes to credit facilities, bonds and derivatives. In February 2022, Stanisław Sołtysik, whose workload spans both contentious and out-of-court mandates, was promoted to managing counsel.

Responsables de la pratique:

Anna Pukszto

Autres avocats clés:

Tomasz Trocki; Stanisław Sołtysik

Les références

‘Dedicated and goal-oriented.’

‘Excellent communication and case handling.’

‘The team of Dentons professionals not only follows changes in restructuring and insolvency law in Poland, but also takes part in supporting public consultations on regulations prior to their adoption. This results in knowledge of the intentions of lawmakers and legislators, which knowledge is used to create and motivate legal strategies in complex restructuring processes.’

Principaux clients

Bank Millennium S.A.

BNP Paribas Bank Polska S.A.

Citi Handlowy S.A.

DZ Bank AG Deutsche Zentral-Genossenschaftsbank

Ergo Hestia S.A.

Fives Cail société par actions simplifiée à associé unique

FMC Agro Polska Sp. z o.o.

Haitong Bank S.A.

Generali S.A.

Gordon Brothers

GSS III Wolverine B.V. (Morgan Stanley Group)

ING Bank N.V.

InterRisk Towarzystwo Ubezpieczeń S.A. Vienna Insurance Group

mBank S.A.

PKO Bank Polski S.A.


Santander Bank Polska S.A.

Uniqa S.A.

Principaux dossiers

  • Representing Indumet in the bankruptcy proceedings of Huta Czestochowa.
  • Advising ING Bank Śląski on issues relating to the insolvency of ONICO.
  • Advising an infrastructure company on a debt restructuring which involves two groups of creditors and a new investor.

Baker McKenzie Krzyzowski i Wspólnicy Sp.k.

Since the arrival of ‘notable practitionerKarol Czepukojć to oversee the department in 2020, Baker McKenzie Krzyzowski i Wspólnicy Sp.k. has been steadily growing its restructuring and insolvency offering to become ‘one of the most innovative and competent on the market‘. Out-of-court workouts, contentious restructurings, bankruptcies, distressed asset transactions, and debt recoveries all form part of the group’s regular workload. The firm is best known for representing creditors and investors, including large financial institutions and private equity funds.

Responsables de la pratique:

Karol Czepukojć

Les références

‘Great team with excellent market understanding. They are flexible and available, can work on tight deadlines and deliver perfect quality of work.’

‘Karol Czepukojć is a notable practitioner. He perfectly understands intricacies of different types of proceedings and tools available to creditors and debtors to address their needs. He can think out of the box and deliver tailored solutions.’

‘I am dealing with Karol Czepukojć, who is very good at providing full and clear answers, understandable to anyone without a legal degree.’

Principaux clients

Polindus-Laktopol Capital Group

Google Ireland Ltd.

Google Poland sp. z o.o.

Santander Bank Polska S.A.

Principaux dossiers

  • Advising Polindus-Laktopol Capital Group on the acquisition of Bielmlek Dairy Cooperative’s assets from the bankruptcy trustee.
  • Represented a creditor in the court restructuring of Newind.
  • Representing a multi-national technology company in the bankruptcy proceedings of its various customers.

DLA Piper Giziński Kycia sp.

DLA Piper Giziński Kycia sp. is instructed by leading names from a wide range of sectors, including energy, infrastructure, manufacturing, retail, media, healthcare and pharmaceutical. Mariusz Hyla leads on the finance and restructuring side, utilising his banking and M&A expertise to advise on a wide range of out-of-court solutions. Highly regarded litigator Krzysztof Kycia oversees the contentious mandates, ably supported by recommended senior associate Magdalena Dec. The team is particularly praised by one client for its ability to ‘use theoretical knowledge in a practical way’.

Responsables de la pratique:

Mariusz Hyla; Krzysztof Kycia

Autres avocats clés:

Artur Sobol; Magdalena Dec

Les références

‘I evaluate the work at very high level; substantive competencies, unconventional solutions, skilful negotiation.’

‘Business oriented, quick reply times, concise answers.’

‘Honest approach, reliability, diligence, insight.’

Principaux clients




Hyatt International Corporation

METRO Properties (METRO Group)

PFR (Polish Development Fund)

Philips Polska

PKP Energetyka

Springer Nature

Trakcja Group

Principaux dossiers

  • Advising Trakcja Group, as borrower, and its subsidiaries on a €280m financial restructuring.
  • Advising a consortium of contractors – comprising Nokia, Herkules, Wasko and Pozbud – on the performance of a contract for the design and construction of a GSM-R/ERMTS network to be laid down along the Polish railway network.
  • Advising Aerotunel on the acquisition of a wind tunnel project in the Wrocław region, as part of pre-packaged bankruptcy proceedings.

Domanski Zakrzewski Palinka

Domanski Zakrzewski Palinka provides a cradle to grave service, spanning out-of-court restructurings, insolvency proceedings on behalf of both creditors and debtors, and investment advice concerning distressed assets. The team has particular expertise in the regulated sectors, and is frequently instructed by banking, consumer health and aviation clients to assist with solvent transformation projects. The group is also able to leverage the energy and infrastructure expertise of the wider firm to provide insight into restructuring issues relating to those fields. Bartosz Marcinkowski and Michał Cecerko are the key senior contacts.

Responsables de la pratique:

Michał Cecerko; Bartosz Marcinkowski

Autres avocats clés:

Sylwia Kuca

Les références

‘The team is well known for its engagement in big projects.’

‘Michał Cecerko is a team leader with a strong academic background, but also is very fluent in providing advice to non-legal people.’

Principaux clients

Idea Bank S.A.

Idea Money S.A.

Tax Care S.A.

Fenice Poland sp. z o.o.

The Municipality of Gdynia

Waste to Energy (Keszczow) Company Ltd

Wydawnictwo Bauer

Principaux dossiers

  • Assisted Idea Bank with its restructuring and advised the client’s management and supervisory board members on the bank’s handover to the resolution authority.
  • Advised Wydawnictwo Bauer, a Polish publishing house, on the restructuring of Garmond Press.
  • Representing Getin Noble Bank in the insolvency of Open Finance.

Kochanski & Partners

Kochanski & Partners is highly regarded by clients for its concerted focus on non-contentious restructurings; the team is well versed in sale and leaseback transactions, mezzanine financings, renegotiation of commercial contracts, tax reorganisation and distressed M&A. Practice head Rafal Rapala‘s extensive corporate experience further serves to cement the group’s proficiency in resolving insolvency issues out of court. Pawel Cholewinski is particularly noted for his knowledge of the real estate sector. On the litigious side, Mateusz Ostrowski – whose experience spans both civil and criminal cases – takes the lead.

Responsables de la pratique:

Rafal Rapala

Autres avocats clés:

Pawel Cholewinski; Mateusz Ostrowski; Karol Połosak; Aneta Serowik

Principaux clients

State Street Global Advisors

Ringier Axel Springer Poland

Chrysler Poland

Proservice Finteco

BU Media


Betomax (subsidiary of INDUS Holding AG)

Groupe Beneteau

Banner Ltd

Principaux dossiers

  • Advised State Street Global Advisors on setting up and running investment and brokerage activities in Poland.
  • Representing Ringier Axel Springer Poland in restructuring proceedings relating to press distributor RUCH, the debtor in the case.
  • Advising Chrysler Poland on the liquidation process of its Polish subsidiary.

Rymarz Zdort Maruta

Effective and supportiveMagdalena Pyzik-Walag oversees the offering at Rymarz Zdort Maruta. The firm’s workload is equally split between domestic and cross-border insolvency mandates. Advising on credit extensions, representing clients in contentious bankruptcies, and assisting with distressed M&A are all areas of proficiency. In a recent highlight, the group advised Bank Pekao in connection with the high-profile restructuring of Idea Bank; this was the first instance of resolution instruments being applied with regard to a Polish commercial bank.

Responsables de la pratique:

Magdalena Pyzik-Walag

Les références

‘Very good team, strong communication skills, informative.’

‘Magdalena Pyzik-Waląg is effective and supportive.’

Principaux clients

Bank Pekao

Polcom Group

Polcom Group and Volumetric Building Companies

Emilia Invest

Emilia Development


Bank Millennium S.A.

Principaux dossiers

  • Advised Bank Pekao on the restructuring of the liabilities of Idea Bank, a Polish commercial bank listed on the Warsaw Stock Exchange.
  • Assisted Polcom Group with the conclusion of a partial arrangement scheme with a consortium of lenders, including four major banks.
  • Advised Polcom Group on a post-restructuring merger with Volumetric Building Companies.

Wardynski & Partners

Clients from the financial sector - including many leading Polish banks - regard Wardynski & Partners as a go-to advisor for the range of debt restructurings and distressed transactions. International bankruptcy proceedings, particularly those with links to either the EU or US, are another area of expertise; the firm is often instructed to assist foreign insolvency office holders in such cases. Seasoned litigator Konrad Grotowski heads up the practice, with support from corporate expert Krzysztof Libiszewski and Łukasz Szegda, who primarily focuses on out-of-court solutions.

Responsables de la pratique:

Konrad Grotowski

Autres avocats clés:

Krzysztof Libiszewski; Łukasz Szegda

Les références

‘Great co-operation and contact.’

‘Skilled and professional.’

‘Always ready to help.’

Principaux clients

Santander Bank Polska S.A.

Bank Pekao S.A.

BNP Paribas Bank Polska S.A.

Agencja Rozwoju Przemysłu S.A. (Industrial Development Agency)

Principaux dossiers

  • Advising a syndicate of banks – BNP Paribas, Millennium Bank, Santander Bank, PKO – on the restructuring of GI Group Poland’s debt, and also advised on the successful completion of a scheme of arrangement.
  • Advising a club of banks – Bank Polska Kasa Opieki, ING Bank Śląski, Credit Agricole Bank Polska and Bank Millennium – on the out-of-court debt restructuring of Grupa Bruno Tassi.
  • Advising the main bondholders of OT Logistics – Allianz and Metlife – on its out-of-court debt restructuring.

WKB Wiercinski, Kwiecinski, Baehr

WKB Wiercinski, Kwiecinski, Baehr is singled out by one client as ‘the firm which always delivers results even within challenging deadlines‘; the team’s expertise spans contentious insolvency proceedings, out-of-court restructurings, and other pre-bankruptcy arrangements, as well as assistance with distressed transactions. Andrzej Wierciński and Jakub Jedrzejak are the key names at leadership level; the latter also acts as one of the co-heads of the M&A department. Marcin Smolarek, who oversees the banking and finance group, is another active senior group member. Counsel Piotr Grabarczyk is noted as a ‘great strategic thinker‘.

Responsables de la pratique:

Andrzej Wierciński; Jakub Jedrzejak

Autres avocats clés:

Marcin Smolarek; Piotr Grabarczyk; Klaudia Frątczak-Kospin; Wiktor Danielak

Les références

‘It is the firm which always delivers results even within challenging deadlines. They are very pragmatic in solving clients’ problems.’

‘I would like to particulary mention Piotr Grabarczyk who is a great strategic thinker and always keeps a cool head even in very stressful situations. He also knows how to bridge negotiation deadlocks bringing deals to successful closing.’

‘Dedicated, hard working, ready to help.’

Principaux clients

BNP Paribas Bank Polska S.A.

Powszechna Kasa Oszczędności Bank Polski S.A.

CVI Dom Maklerski S.A.

UNIQA Towarzystwo Ubezpieczeń S.A.

Davidson Kempner Capital Management S.A.

Zetland Capital

Schur Flexibles


Nowe Jaworzno Grupa TAURON sp. z o.o.

Polskie Sieci Elektroenergetyczne S.A.

Barter S.A. and a group of commercial creditors of BM Kobylin sp. z o.o.

Port Lotniczy Gdańsk sp. z o.o.

Court receiver of Elsen S.A.

Teren Operations Poland sp. z o. o.

Principaux dossiers

  • Represented Barter and a group of commercial creditors of BM Kobylin in proceedings relating to the amendment of an arrangement.
  • Successfully represented the court receiver of Elsen in litigation concerning certain fraudulent actions made to the benefit of a leading investment company prior to the opening of the remedial proceedings of Elsen.
  • Advised Teren Operations Poland, a Polish subsidiary of Forever 21 group, on a bankruptcy filing and subsequently represented the client in bankruptcy proceedings.

Zimmerman Sierakowski and Partners

Practitioners at boutique firm Zimmerman Sierakowski and Partners are highly regarded for their ability to ‘see the bigger picture and apply tailor-made solutions‘. The team runs the gamut of bankruptcy, restructuring and enforcement mandates, representing the interests of both debtors and creditors, and regularly advising official receivers in complicated insolvency estate cases. ‘Remarkable negotiator‘ Piotr Zimmerman and ‘real championBartosz Sierakowski are the group’s key senior names. Norbert Frosztęga – whose client base is focused on entrepreneurs – also plays a core part in the practice’s management.

Responsables de la pratique:

Piotr Zimmerman; Bartosz Sierakowski; Norbert Frosztęga

Les références

‘They can see the bigger picture and apply tailor-made solutions. At the same time they are very thorough and keep an eye on details.’

‘Piotr Zimmerman knows bankruptcy and restructuring law inside out and is excellent at finding practical solutions to every problem. He is also a remarkable negotiator.’

‘Bartosz Sierakowski – real champion in legal arguments. If there is a piece of legal article or court judgment that can help win the case, he will find it.’

Principaux clients

Go Sport sp. z o.o.

Idea Money sp. z o.o.


Neckermann Polska Biuro Podróży

Europoles sp. z o.o.

Top Secret sp. z o.o.

Nextbike Polska S.A.

Szpital Powiatowy we Wrześni sp. z o.o.

P1 sp. z o.o.

Pale Fire Capital SE

Ascot Finance S.A.

Inteliclinic sp. z o.o.

Klub Wakacyjny sp. z o.o.

Principaux dossiers

  • Advising Go Sport Poland on its bankruptcy, following the entry of the client onto a list of entities subject to sanctions in connection with Russia’s aggression against Ukraine.

Eversheds Sutherland Poland

A strong contentious focus differentiates the team at Eversheds Sutherland Poland; creditors’ claims, bankruptcy litigation and judicial reorganisation proceedings are all part of the firm’s regular workload. The firm also has a successful track record representing businesses which have had their operations suspended due to a violation of insolvency law. Michał Miąskiewicz leads on the group’s most complex mandates, with support from key names in the dispute resolution department, including Maciej Jóźwiak.

Responsables de la pratique:

Maciej Jóźwiak

Autres avocats clés:

Michał Miąskiewicz; Paweł Adamczyk

Les références

‘Eversheds is a reliable firm. We are informed about all necessary steps and available solutions in the appropriate time. We receive responses almost immediately. The contact with them is very easy.’

‘They come back with solutions and answers very fast.’

‘Eversheds Sutherland Poland offer comprehensive legal solutions based on a unique combination of expertise, skills, and knowledge of various fields.’

Principaux clients

State Treasury of the Republic of Poland – General Directorate for National Roads and Motorways (GDDKiA)

Emerson Process Management

Parker Hannifin

Pomorska Investments

Principaux dossiers

  • Representing the General Directorate for National Roads and Motorways in the cross-border insolvency proceedings of Alpine-Bau.
  • Representing Emerson Process Management in a multi-dimensional dispute against the investor, as a result of the restructuring of the general constructor.
  • Representing Parker Hannifin in several debt collection cases.

EY Law

According to one client, the team at EY Law is 'made for the most challenging and complicated projects'; acting on behalf of a diverse roster - from struggling companies to creditors and investors, as well as state and supranational institutions - the group regularly achieves successful outcomes in both bankruptcy proceedings and solvent restructurings. Policy reform is also a key part of the firm's practice; the group has twice been instructed by the European Commission and Polish ministries to evaluate regulations. 'Great supervisor' Magdalena Kasiarz oversees the department, ably assisted by senior associate Piotr Podsiadło.

Responsables de la pratique:

Magdalena Kasiarz

Autres avocats clés:

Piotr Podsiadło

Les références

‘EY always met the deadlines and they were very well organised and systematic. I found EY to have deep knowledge in the restructuring and insolvency field, including cross-jurisdiction restructurings.’

‘The team is composed of renowed experts. EY is my first choice in case of projects requiring close co-operation with lawyers from different jurisdictions. Team has excellent capacity in preparing valuable benchmark analysis.’

‘Piotr Podsiadło is a restructuring expert with extensive knowledge, totally dedicated to the project. He is very responsive and always finds time to discuss arising issues.’

Principaux clients

European Commission, in cooperation with the Ministry of Economic Development and Technology

European Commission, in cooperation with the Ministry of Justice

JSW Koks

Action S.A.

The SPAR Group Ltd

Green Factory

Chantiers de l’Atlantique

Instituto de Credito Oficial

JT Electric

Hawe Telecom

Golub Gethouse

Principaux dossiers

  • Conducted a strategic review of the consequences of client JSW Koks’ zł447m agreement with Rafako concerning the construction of a power plant, in light of Rafako’s completed restructuring proceeding.
  • Conducting an analysis of the Polish aid system dedicated to entrepreneurs in financial distress on behalf of the European Commission.
  • Advising the SPAR Group on a strategic distressed asset investment in Poland.

Greenberg Traurig Nowakowska-Zimoch Wysokinski Sp. k

Greenberg Traurig Nowakowska-Zimoch Wysokinski Sp. k‘s team leverages the firm’s cross-departmental contentious and transactional expertise to assist clients with issues arising at all stages of the insolvency cycle, from initial crisis management, to court applications and subsequent workouts. On the non-contentious side specifically, the group specialises in assisting distressed companies with the implementation of recovery plans.  Andrzej Wysokinski heads up the practice, which also fields experienced senior practitioners Aleksander Janiszewski and Michał Bobrzyński.

Responsables de la pratique:

Andrzej Wysokiński

Autres avocats clés:

Aleksander Janiszewski; Michał Bobrzyński

Principaux clients

Bank Pekao S.A.


Principaux dossiers

  • Advising Bank Pekao, as creditor to PBG, on various matters relating to the restructuring of PBG.
  • Advises Bank Pekao, as creditor to Hydrobudowa Polska, on various matters relating to the bankruptcy proceedings of Hydrobudowa.
  • Advising Logicor and its affiliate Inverkip, on various matters relating to the restructuring of Nowakowski Piekarnie.

KKLW Legal Kurzynski Wierzbicki sp.k.

KKLW Legal Kurzynski Wierzbicki sp.k. fields a dedicated bankruptcy and restructuring team, experienced in acting on behalf of both creditors and debtors. Practice head Przemysław Wierzbicki brings more than 20 years of litigation expertise to the group, and regularly leads on the firm’s most complex insolvency cases. Advising on pre-pack liquidations is one of the group’s specialties, and forms a core part of the regular workload.

Responsables de la pratique:

Przemysław Wierzbicki

Autres avocats clés:

Edyta Wróblewska; Marcelina Serocka

Les références

‘Key strength of KKLW is the unique ability to understand business point of view, rather than giving just plain information about the law.’

‘Przemysław Wierzbicki is clearly standing out from the competitors. He always is pro-active, and aware of all current industry issues and needs.’

‘Communicativeness, punctuality, high quality.’

Principaux clients

Green Systems sp. z o. o.

Adrenaline Park Ventures Poland 1 spółka z ograniczoną|odpowiedzialnością

Rank Recycling Energy Spółka z ograniczoną odpowiedzialnością in restructuring

PKP Polskie Linie Kolejowe S.A.

DEVELOPMENT SYSTEM spółka z ograniczoną odpowiedzialnością

Principaux dossiers

  • Advised Green Systems, an entrepreneur operating in the renewable energy sector, on its restructuring.
  • Representing both the Vice President of the management board of a special-purpose entity declared bankrupt, and the President of the management board of that special-purpose entity’s main creditor, in bankruptcy proceedings.
  • Advising Asian Trade Finance Fund 2, as creditor, on a restructuring.

LSW Bieńkowski, Laskowski, Leśnodorski, Melzacki and Partners sp.k.

Complex restructuring mandates form the cornerstone of the practice at LSW Bieńkowski, Laskowski, Leśnodorski, Melzacki and Partners sp.k.; the team is highly regarded by both local and international clients for its successful track record carrying out such work. The firm is also known for receiving instruction from a large group of bankruptcy trustees, and for advising such clients on an ongoing basis. Władysław Bieńkowski heads up the practice. At senior associate level, Bartosz Nowicki and Magdalena Frąckowiak are the key contacts.

Responsables de la pratique:

Władysław Bieńkowski

Autres avocats clés:

Bartosz Nowicki; Magdalena Frąckowiak; Kinga Rochalska; Paweł Baran

Les références

‘LSW is a worldwide practice. Thanks to this, I can work with them in both Russian and English. They are always helpful and able to find their way around the situation.’

‘At LSW, I like the honest and partnership approach to the client and full professionalism.’

‘Władysław Bieńkowski as the head of the practice is very professional and helpful. I can turn to him with any problem.’

Principaux clients

Sunningwell International Polska Sp. z o.o.

Marquard Media Polska Sp. z o.o.

Principaux dossiers

  • Represented Marquard Media Polska in remedial proceedings, eventually leading to a declaration of bankruptcy.
  • Assisting Sunningwell International Polska with its restructuring.

Norton Rose Fulbright

Restructuring is the key focus at Norton Rose Fulbright; the team is particularly well regarded for assisting entities operating in the banking sector, as well as domestic and cross-border financial institutions, with such work. Key senior practitioners Grzegorz Dyczkowski and Tomasz Rogalski – who was recently promoted to special counsel – are both experts in the financing sphere. Rogalski is also recommended for his extensive knowledge of the energy and infrastructure industries.

Responsables de la pratique:

Grzegorz Dyczkowski; Tomasz Rogalski

Autres avocats clés:

Marta Kawecka; Jacek Smardzewski; Daniel Popek

Principaux clients

Bank Polska Kasa Opieki S.A.

European Bank for Reconstruction and Development


Alior Bank S.A.

Bank Ochrony Środowiska S.A.

BNP Paribas Bank Polska


ING Bank Śląski S.A.

Mezzanine Management

Obotritia Capital

Principaux dossiers

  • Advised the lenders and hedge counterparties, led by ING Bank, on the restructuring of trade finance facilities, and subsequently, represented the clients in bankruptcy proceedings initiated with respect to Hermes Energy Group.
  • Advising Bank Polska Kasa Opieki (as agent, security agent and lender), European Bank for Reconstruction and Development (as lender) and Bankia (as lender) on amendments to finance documents relating to the financing of the 38MW Golice wind farm in Western Poland operated by Acciona Energia.
  • Advising Alior Bank on amendments to finance documents relating to the financing of the 25.3MW Jóźwin wind farm in Poland operated by Max Bogl and Vortex to reflect restructuring arrangements agreed between the parties.

SSW Pragmatic Solutions

With a client base ranging from international corporations to mid-sized local businesses, SSW Pragmatic Solutions is well placed to handle the gamut of restructuring and insolvency matters, from pre-pack transactions to Supreme Court bankruptcy cases. Janusz Mazurek and Łukasz Grenda co-head the group - both are experienced in advising not only creditors and debtors, but also investors. On the contentious side, Łukasz Cudny is another key name to note.

Responsables de la pratique:

Janusz Mazurek; Łukasz Grenda

Autres avocats clés:

Łukasz Cudny; Helena Czechowska

Principaux clients

mBank S.A.

Haitong Bank S.A.

Grupa VOX

Noble Funds TFI S.A.

BNP Paribas SA

Marwit sp. z o.o.

Real Menagement S.A.

Delta Gas Group S.A.


Local Ocean France

Aviation Capital Group

Waimea Holding S.A.

Siemens AG



Zecco Europe

Grupa Azoty Compounding



Firma Drobiarska Sp. z o.o.

Principaux dossiers

  • Advised Real Management on its acquisition of a development lot in pre-pack proceedings.
  • Advised Waimea Holding on its restructuring.
  • Representing Immofinanz in restructuring proceedings.

Tatara & Partners Restructuring & Insolvency Law Firm

The practitioners at Tatara & Partners Restructuring & Insolvency Law Firm  are highly valued for their 'deep understanding of the economic reality in Poland' and 'vast practical experience'. Pre-pack transactions and simplified restructuring proceedings are some of the firm's core specialisms. Managing partner Karol Tatara is singled out as a 'skilled negotiator'. Maciej Knopek and Tadeusz Grzesiak complete the roster of key practitioners at leadership level.

Responsables de la pratique:

Karol Tatara; Maciej Knopek; Tadeusz Grzesiak

Autres avocats clés:

Mateusz Palian; Anna Czarnota

Les références

‘Outstanding experience in restructuring and insolvency law accompanied with any flexibility required for the optimum result.’

‘Individuals were always available with alternatives and took ownership of the project.’

‘Deep knowledge in their specialisation.’

Principaux clients


H. Cegielski-Poznań S.A.

VIVID Games S.A.

CDP sp. z o.o.

Principaux dossiers

  • Representing Ruch, as the debtor, in two simultaneous accelerated arrangement proceedings with partial arrangement.
  • Advising H. Cegielski-Poznań, as the debtor, on its restructuring, including assisting with a debt-to-equity-swap.
  • Advising CDP, a video games distributor, on a bricks and mortar distribution business model.

White & Case M. Studniarek i Wspólnicy - Kancelaria Prawna sp.k.

With Grzegorz Abram at its helm, White & Case M. Studniarek i Wspólnicy - Kancelaria Prawna sp.k. offers clients 'certainty that the recommended solution is the best possible one'. The team's expertise spans the entire distressed continuum, from advising on corporate and financial restructurings, to acting in bankruptcy proceedings, multi-jurisdictional insolvencies, and debtor and creditor-related disputes. The group is particularly noted for assisting distressed asset investors and private equity funds.

Responsables de la pratique:

Grzegorz Abram

Autres avocats clés:

Paweł Zagórski; Kinga Duszyk

Les références

‘Responsive, delivering on time, really dedicated.’

‘Robust experience. Business-oriented approach.’

‘The experience of Grzegorz Abram gives a client certainty that the recommended solution is the best possible one. Combined with the scrupulousness of Kinga Duszyk, this ensures that an outstanding service is provided.’

Principaux clients

Generali Real Estate

Komerční banka, a.s.,

mBank S.A.

PZU S.a.

Principaux dossiers

  • Advised a syndicate of insurers on the restructuring of the zł1bn financial debt of Trakcja PRKiI and its subsidiaries.
  • Advised mBank S.A. on the restructuring of OT Logistics.
  • Advising PZU on the ongoing restructuring of Pojazdy Szynowe PESA Bydgoszcz.

Wolf Theiss

Offering clients an equal focus on financial restructuring, insolvency and distressed investments, Wolf Theiss fields a ‘diverse and responsive group of very practical lawyers‘. The team’s broad workload spans mandates as diverse as acquisition of non-performing loans, adversary proceedings in bankruptcy cases, and rescue financing. Lech Gilicinski  heads up the practice, while counsel Joanna Gąsowski provides valuable litigation expertise.

Responsables de la pratique:

Lech Gilicinski 

Autres avocats clés:

Joanna Gąsowski

Les références

‘Diverse and responsive group of very practical lawyers.’

‘Joanna Gąsowski is a very pleasant and responsive person to work with.’

‘Creative approach, openness to changing circumstances, deep analytical and synthetical skills, immediate feedback and readiness to act.’

Principaux clients

Sfinks S.A.

Busoco BV

SIAC Construction Ltd.

Opus Securitization Fund

Insolvency Liquidators of Irish Franchisee of American Eagle

GGH Management 9 Sp. z o.o.

Principaux dossiers

  • Advised Sfinks, as debtor, on a choice of restructuring routes.
  • Represented Busoco in the enforcement proceedings of AWW, a company created to develop a theme park in Central Poland.
  • Representing SIAC Construction, a large multi-disciplined construction group with operations across Ireland and the UK, in post-restructuring litigation with creditors in Poland and in settlement negotiations with the Polish State Treasury.