DJM has one of the most recognized restructuring practices in Poland, which has enabled us to participate in dozens of restructuring processes in recent times, including most of the major restructurings that have taken place in the Polish market (including Z.M. Henryk Kania, GetBackS.A., Polimex Mostostal, PBG, PESA, Celsa, Hawe Group, Empik Media & Fashion, HW Pietrzak and Redan). The firm is regularly listed as one of the leading law firms in restructuring and banking and finance in one of the most prestigious international rankings of law firms conducted by Chambers & Partners.

According to our Clients’ opinions quoted in the rankings, our “team is trying to find effective solutions for all interested parties and makes matters move forward”, “keeps deadlines, prepares documentation of good quality and is excellent in terms of communication” and “provides very close cooperation with the client and gives good support in the negotiations”.

Our Clients, in their opinions cited by Chambers and Partners, described DJM’s partners responsible for development of the restructuring practice - Kazimierz Jeleński and Jarosław Dubiński, as: “praiseworthy by his pragmatism and hard negotiations style” and “having excellent relations with investment funds and bondholders” (Jarosław Dubiński) and “highly intelligent ... with an impressive communication style in negotiations, having good understanding of restructuring and related business issues” and “inspiring confidence by knowledge, experience and pro-active involvement in problem solving" (Kazimierz Jeleński). Kazimierz Jeleński served as an expert to the parliamentary committee in connection with work on the Restructuring Law, and advised the Polish Bank Association in connection with its analysis and evaluation of the draft law.

Representative restructuring and financing transactions connected with obtaining/providing the financing completed with participation of our lawyers:

• advisory to bondholders of Zakłady Mięsne Henryk Kania S.A. in connection with pending restructuring proceedings,
• advisory to the new Management Board of GetBack S.A. and the company’s main shareholder in connection with restructuring of the company, including the opening of restructuring proceedings,
• advisory to group entities of Polish Fundusz Rozwoju S.A. in connection with providing the financing to PESA S.A.,
• advisory to bondholders, including PKO TFI S.A., Pioneer Pekao TFI S.A., Union Investment TFI S.A., in connection with restructuring of Polimex-Mostostal S.A. and, in the following stages (after conversion of bonds into shares), advisory to the Polimex Group in connection with restructuring and recapitalization process,
• Consultancy for bondholders, including PKO TFI S.A., Pioneer PekaoTFI SA, Union InvestmentTFI S.A., in connection with the restructuring of Polimex-Mostostal SA, and in subsequent stages (after the conversion of bonds into shares) - consultancy for the Polimex Group in relation to the restructuring process, capitalization, and new financing in the form of a credit-guarantee line from Bank Gospodarstwa Krajowego, with a value of up to 240 million Polish złotys.
• advisory to Open Finance funds in connection with acquisition, in consultation with Polski Fundusz Rozwoju, of the claims against Ferrum S.A. and their conversion within a partial arrangement,
• advisory to bondholders in connection with restructuring of the claims of OT Logistic S.A.,
• advisory to bondholders in connection with sanation proceedings opened against Action S.A.,

Representative restructuring and financing transactions connected with obtaining/providing the financing completed with participation of our lawyers:

• advising bank creditors in connection with the debt restructuring process of a leading Polish juice producer,
• advising bondholders in connection with the sanitation proceedings opened against Sco-Pak S.A.,
• advising bondholders in connection with the restructuring of Sygnity S.A.,
• advising bondholders in connection with Empik Media & Fashion's debt restructuring process,
• advising bank creditors in connection with the collection of claims against the Marcpol group,
• advising one of the bondholders in connection with the restructuring and initiation of bankruptcy proceedings against Hawe S.A. and Hawe Telekom sp. z o.o.,
• advising Sequoia sp. z o.o. in connection with pending restructuring proceedings,
• advising Małpka S.A., owner of the store chain, in connection with the company's restructuring proceedings,
• counseling for the Industrial Development Agency S.A. in the process of restructuring and subsequent bankruptcy of HW Pietrzak Holding S.A.,
• advising bondholders in connection with settlement proceedings opened against Fast Finance S.A.,
• advising a bank creditor in connection with sanitation proceedings opened against Dorbud S.A.,
• advising a group of Polish banks in connection with the second round of restructuring of approximately PLN 2.5 billion of debt of Celsa Huta Ostrowiec sp. z o.o.,
• advising bondholders in connection with the restructuring of the Elsen Group, including in connection with the sanitation proceedings against Elsen S.A.,
• advising bondholders in connection with the bankruptcy of Stal-met Nieczaj Ltd,
• advising five banks on the restructuring of approximately PLN 100 million in debt of Mennica Metale Szlachetne S.A., a company operating in the precious metals processing sector,
• advising the bondholders of Trakcja Tiltra S.A. in connection with the restructuring of bond debt,
• advising the bondholders of Bioton S.A. in connection with the restructuring of bond debt,
• advising the Redan Group in connection with the restructuring of PLN 60 million in financial debt to two banks and bondholders,
• advising IDM S.A. in connection with the restructuring of its financial debt,
• advising mBank S.A. in connection with the establishment of a joint venture with Orange regarding a so-called mobile bank to offer financial services under the Orange Finanse brand,
• advising on business acquisitions and obtaining related financing, including in connection with Maspex's acquisition of Agros-Nova and Colian's acquisition of Solidarity Confectionery Plants,
• advising Bank Zachodni WBK S.A. in connection with the financing of approximately ten investment projects, including projects carried out under project finance structures for the construction of residential and commercial buildings, as well as the acquisition of commercial projects,
• advising the sponsors and the borrower in connection with obtaining investment financing in Russia, secured by a guarantee from the Export Credit Insurance Corporation on a project finance basis),
• advising a consortium of banks in connection with the financing of Aquanet's investment program for Poznan's waterworks.
• secured by a guarantee provided by the European Investment Bank.