Rymaszewski's Suspension, breach of contract?

The Law Debenture Trust Corporation, a trustee of around zł. 2 billion worth of Elektrim's bonds, announced that the company had broken those terms of the agreement that regulate the repayment of its loans. "We have given notice to Elektrim that the suspension of Piotr Rymaszewski is in breach of the agreement, and we require that this breach be remedied within 30 days," reads correspondence from the trustee to the bondholders. Rymaszewski was appointed to Elektrim's management by the company's creditors, and later he was suspended by its board. From unofficial statements made by some of Elektrim's bondholders, it transpires that the board intends to reinstate Rymaszewski. Nonetheless, it is as yet unclear when the board will meet to discuss the issue. (Puls Biznesu, p. 3) K.Ż.