15:58 4 May 2026
Court says no to restructuring of Seidorf Mountain Resort
A Polish court has rejected another restructuring attempt by Seidorf Mountain Resort, whose debts exceed PLN 80 mln, calling the actions of its head, Krzysztof Pleszewski, unreliable and harmful to creditors.
The court found that the company moved assets and revenues to related entities to avoid enforcement, sold properties for PLN 10.9 mln without receiving payment, and issued loans of PLN 9.3 mln despite financial troubles. It also criticized unrealistic profit forecasts and manipulation of debt records to meet legal requirements.
The restructuring plan was deemed not credible and against creditors interests. Meanwhile, creditors, including funds linked to CVI Dom Maklerski, are pursuing bankruptcy proceedings to take control and review the company finances.
(pb.pl)
