Polfa Kutno close to settling land dispute to avoid long and damaging trial
The Supreme Administrative Court (NSA) suspended the trial over Polfa
Kutno land rights. The president of the Housing and City Development
Office in Warsaw withdrew the decision issued in 1956 in which the
Treasury became the owners of the land that Polfa Kutno was later built
on. The former owners of the land appealed to Polfa Kutno to return it to
them. The company is negotiating with the former owners heirs and may
reach an agreement. Polfa Kutno representative Marian Sykula said the
financial expectations of the heirs of the disputed landowners are
reaching a level which Polfa Kutno can afford to meet. The court's
decision to suspend the trial will be beneficial for Polfa Kutno as the
heirs could have appealed any decision and the trial could have lasted for
years making it impossible to sell a stake in Polfa Kutno to a strategic
investor. (Prawo i Gospodarka, Aug. 26-27, page 9)