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HERKULES S.A. subsidiary receives final court approval for restructuring arrangement
ParkietLO·PL·1 day ago
A regional court in Poland ruled that the Polish Development Fund (PFR) does not hold priority status over other creditors during restructuring proceedings. The court determined that demanding full repayment due to a formal error constitutes an abuse of rights, potentially setting a precedent for how state-backed pandemic-era subsidies are treated in insolvency cases.