English scheme of arrangement could be recognised in Poland

An English scheme for a company that has a ‘sufficiently close connection’ with the jurisdiction can be proposed, albeit recognition in Poland is at the discretion of the Polish courts.

Zlomrex International Finance SAm, a French registered company within a group of Polish companies, moved its principal place of business to London. It took phone lines, acquired English premises and English directors and opened a bank account in England…

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