Court ruling on PBG's insolvency
The Management Board of PBG S.A. was notified of a ruling, dated June 13th 2012, by the District Court for Poznań—Nowe Miasto and Wilda, XI Commercial Insolvency and Arrangement Division, declared the Company's bankruptcy aiming at an arrangement with creditors. The ruling will become final after one week from the date a copy of the ruling is served on the Company, unless the ruling is appealed against before the lapse of such period.
The court ruled to retain the Company's incumbent Management Board, appointed Judge Łukasz Lipowicz to oversee the process, and appointed Syndycy Wielkopolscy Bojarski, Senger-Kałat, Gnatowski spółka komandytowa as the receiver.
For more information see Current Report 58/2012