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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)

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