21:20 10 June 2025
Court dismisses bankruptcy petition for Mennica Legacy Tower office building
A Warsaw court has dismissed a bankruptcy petition against Mennica Legacy Tower, a major office building co-owned by Mennica Polska. Although the ruling is not final, retail bondholders—who helped finance the tower's construction—are urging for repayment with interest. The project, including MBank’s headquarters, is commercially successful, but around 600 investors still await returns from investments in the tower and other projects.
The court found no grounds for bankruptcy, emphasizing that bondholders are shareholders, not creditors of the insolvent estate. The decision clears the way for a faster sale of the remaining building share. Bondholders hope Mennica Polska, already owning 50%, will acquire the rest and ensure repayment. The dispute stems from unresolved ownership conflicts.
