{"id":5795,"date":"2017-04-08T10:32:08","date_gmt":"2017-04-08T08:32:08","guid":{"rendered":"http:\/\/pmr-restrukturyzacje.local\/pmr\/hawe-telekom-nie-chce-sprzedazy-za-bezcen\/"},"modified":"2025-01-27T16:27:06","modified_gmt":"2025-01-27T16:27:06","slug":"hawe-telekom-does-not-want-to-sell-for-next-to-nothing","status":"publish","type":"post","link":"https:\/\/pmrsa.pl\/en\/hawe-telekom-does-not-want-to-sell-for-next-to-nothing\/","title":{"rendered":"Hawe Telekom does not want to sell for nothing"},"content":{"rendered":"

Still today, the commercial court in Warsaw will decide whether to declare bankruptcy of the telecommunications company Hawe Telekom. Such a motion has been filed by its largest creditor, Agencja Rozwoju Przemys\u0142u, which is seeking a liquidation sale. The company's sanctioning administrator, the law firm PMR Restrukturyzacje SA, does not share this position. It believes that it is faster and more beneficial for everyone to increase the company's value and refinance its debt.<\/p>\n

In recent days, articles about the issue have appeared on the internet and in the regional press. Hawe Telekom<\/a>, in which its largest creditor \u2013 the Industrial Development Agency \u2013 disputes the facts regarding the restructuring proceedings and confirms that it is seeking to quickly sell the company to a new investor. According to ARP Hawe<\/a> The telecom needs "rapid therapy, and the restructuring proceedings are like extending the drip that will not get it back on its feet", as Joanna Zakrzewska, spokeswoman for the ARP, told the daily "Polska The Times" ("Gazeta Wroc\u0142awska" of April 3, 2017).<\/p>\n

I do not agree with this position. Rehabilitation manager<\/a> companies \u2013 the law firm PMR Restrukturyzacje SA, which believes that these claims contradict the facts. The administrator indicates that thanks to the restructuring, the company's business, operational and financial situation has been stabilized, and new investments are being implemented in accordance with the restructuring plan, which has been positively reviewed by the creditors' council and approved by the judge commissioner.<\/p>\n

- Interrupting the process restructuring at such an advanced stage and the declaration of bankruptcy of the company<\/a>in order to sell it to an unknown potential investor (ARP has not indicated any specific entity so far), creates a huge risk of destabilization of the business activity, may result in the loss of contractors and reduce the value of the company - believes Maciej Roch Pietrzak from PMR Restrukturyzacje SA.<\/div>\n

In the trustee's view, a liquidation sale rather than a refinancing of the business or a conciliatory arrangement sale may be considered to be to the detriment of creditors and shareholders. A bankruptcy sale does not assure creditors of quick repayment of debts (the average duration of bankruptcy proceedings in Poland is three years), let alone satisfaction of creditors in full.<\/p>\n

ARP is blocking restructuring?<\/a><\/b><\/p>\n

The Industrial Development Agency, disregarding the provisions of the restructuring law and the prohibitions arising therefrom, accuses Hawe Telekom of allocating its entire profit for 2016 (PLN 31 million) to infrastructure investments instead of paying off debts to its creditors. In fact, in March 2016, Hawe Telekom's board of directors announced that the manager, as part of its ongoing restructuring plan, had concluded a contract for the deployment of Huawei's state-of-the-art DWDM transmission system to increase network capacity.<\/p>\n

\u2013 This investment is being carried out in accordance with the restructuring plan, which has not been changed so far, and the creditors' council has never requested it \u2013 explains Ma\u0142gorzata Anisimowicz, president of the law firm PMR Restructuring<\/a> SA. \u2013 The implementation of such a plan is the administrator's duty and there is no basis for expecting that the administrator will cease restructuring activities or undertake other ones. The creditors' council did not file a motion to the judge-commissioner to change the plan, but it demands Changes to the manager<\/a>, which is surprising \u2013 he adds.<\/div>\n

According to the restructuring administrator, the agreement with Huawei gives the company a huge opportunity to increase its value and repay its debts, because the Chinese telecommunications company, in addition to technological and business support, also declares assistance in obtaining refinancing for restructuring<\/a>.<\/p>\n

According to the administrator, the ARP's expectations regarding the quick repayment of debts by Hawe Telekom<\/a>.<\/p>\n

- In the course of the sanitation proceedings, this is impossible, because it is prohibited by the restructuring law, and the proceedings themselves are prolonged due to objections filed, among others, by the Industrial Development Agency, explains Maciej Roch Pietrzak from PMR Restrukturyzacje SA. - This makes it impossible for the commissioner's judge to approve the list of receivables and set the date for voting on the arrangement, although objections as unjustified are successively dismissed by the court, he adds.<\/div>\n

A new opportunity policy<\/b><\/p>\n

Debt repair, revitalization and refinancing the company instead of its bankruptcy<\/a>, liquidation and sale in pieces was made possible by the new act on restructuring law, which has been in force since 1 January 2016. The provisions on restructuring proceedings introduced by it are aimed at improving the financial situation of the company, its further operation and maintaining jobs<\/a>. Therefore, the legislator has made it impossible to enforce the debtor's assets or liquidation bankruptcy from the moment of opening sanitation proceedings<\/a>.<\/p>\n

- The aim of the restructuring is to restore the company<\/a> ability to compete on the market, settle current liabilities and refinance debt to previous creditors. Everyone should therefore be interested in building the value of such an economic entity and increasing its investment attractiveness, and not in its depreciation, slander and media obstruction of the implementation of operational activities - believes Maciej Roch Pietrzak.<\/div>\n

As the rehabilitation administrator adds, during the restructuring process<\/a> Hawe Telekom has had many cases of refusal to conclude new commercial contracts (sometimes multi-year and multi-million) due to information appearing in the media that did not correspond to reality and slandered the company.<\/p>\n

Restructuring halted bankruptcy<\/a><\/b><\/p>\n

This is the second one bankruptcy petition<\/a> Hawe Telekom submitted by the Industrial Development Agency. It first filed such a motion in December 2015, but the Warsaw Commercial Court decided in March 2016 to start the restructuring proceedings, appointing Hawe Telekom as the administrator in the process. company restructuring<\/a> PMR Restrukturyzacje SA law firm. This decision resulted in the suspension of all enforcement proceedings against the company and prevented the initiation of new ones. Hawe Telekom<\/a> was the first company to benefit from the new restructuring rules.<\/p>\n

The fate of the company, its employees, shareholders and many small creditors will now depend on the court's decision.<\/p>\n

The material appeared on http:\/\/ccnews.pl:
\n<\/b>
\n4 April 2017:
\n\" Hawe Telekom does not want to sell for nothing<\/a><\/div>","protected":false},"excerpt":{"rendered":"

Jeszcze dzisiaj s\u0105d gospodarczy w Warszawie rozstrzygnie, czy og\u0142osi\u0107 upad\u0142o\u015b\u0107 sp\u00f3\u0142ki telekomunikacyjnej Hawe Telekom. Taki wniosek z\u0142o\u017cy\u0142 jej najwi\u0119kszy wierzyciel \u2013 Agencja Rozwoju Przemys\u0142u, kt\u00f3ra d\u0105\u017cy do sprzeda\u017cy likwidacyjnej. Zarz\u0105dca sanacyjny sp\u00f3\u0142ki, kancelaria PMR Restrukturyzacje SA, nie podziela tego stanowiska. Uwa\u017ca, \u017ce szybsze i korzystniejsze dla wszystkich jest zwi\u0119kszenie warto\u015bci sp\u00f3\u0142ki i refinansowanie zad\u0142u\u017cenia. W ostatnich dniach w internecie i prasie regionalnej ukaza\u0142y si\u0119 artyku\u0142y na temat Hawe Telekom, w kt\u00f3rych jej najwi\u0119kszy wierzyciel \u2013 Agencja Rozwoju Przemys\u0142u \u2013 podwa\u017ca fakty dotycz\u0105ce post\u0119powania sanacyjnego i potwierdza, \u017ce d\u0105\u017cy do szybkiego sprzedania sp\u00f3\u0142ki nowemu inwestorowi. Zdaniem ARP Hawe Telekom potrzebuje \u201eszybkiej terapii, a post\u0119powanie sanacyjne to przed\u0142u\u017canie kropl\u00f3wki, kt\u00f3ra nie postawi go na nogi\u201d, jak powiedzia\u0142a dziennikowi \u201ePolska The Times\u201d Joanna Zakrzewska, rzeczniczka ARP (\u201eGazeta Wroc\u0142awska\u201d z 3.04.2017 r.). Z takim stanowiskiem nie zgadza si\u0119 zarz\u0105dca sanacyjny sp\u00f3\u0142ki \u2013 kancelaria PMR Restrukturyzacje SA, kt\u00f3ra uwa\u017ca, \u017ce twierdzenia te przecz\u0105 faktom. Zarz\u0105dca wskazuje, \u017ce dzi\u0119ki restrukturyzacji uda\u0142o si\u0119 ustabilizowa\u0107 sytuacj\u0119 biznesow\u0105, operacyjn\u0105 i finansow\u0105 sp\u00f3\u0142ki, a nowe inwestycje realizowane s\u0105 zgodnie z planem restrukturyzacyjnym, pozytywnie zaopiniowanym przez rad\u0119 wierzycieli i zatwierdzonym przez s\u0119dziego komisarza. \u2013 Przerwanie procesu restrukturyzacji na tak zaawansowanym etapie i og\u0142oszenie upad\u0142o\u015bci sp\u00f3\u0142ki, aby sprzeda\u0107 j\u0105 nieznanemu potencjalnemu inwestorowi (ARP nie wskaza\u0142a dot\u0105d \u017cadnego konkretnego podmiotu), rodzi ogromne ryzyko destabilizacji dzia\u0142alno\u015bci gospodarczej, mo\u017ce spowodowa\u0107 utrat\u0119 kontrahent\u00f3w i obni\u017cy\u0107 warto\u015b\u0107 sp\u00f3\u0142ki \u2013 uwa\u017ca Maciej Roch Pietrzak z PMR Restrukturyzacje SA. Zdaniem zarz\u0105dcy sprzeda\u017c likwidacyjna zamiast refinansowania dzia\u0142alno\u015bci lub koncyliacyjnej sprzeda\u017cy uk\u0142adowej mo\u017ce by\u0107 uznana za dzia\u0142anie na szkod\u0119 wierzycieli i akcjonariuszy. Sprzeda\u017c upad\u0142o\u015bciowa nie zapewnia wierzycielom szybkiej sp\u0142aty d\u0142ug\u00f3w (\u015bredni czas trwania post\u0119powa\u0144 upad\u0142o\u015bciowych w Polsce to trzy lata), a tym bardziej zaspokojenia wierzycieli w pe\u0142nej wysoko\u015bci. ARP blokuje restrukturyzacj\u0119? Agencja Rozwoju Przemys\u0142u, nie zwa\u017caj\u0105c na postanowienia prawa restrukturyzacyjnego i wynikaj\u0105ce z niego zakazy, zarzuca sp\u00f3\u0142ce Hawe Telekom, \u017ce ca\u0142y zysk za 2016 rok (31 mln z\u0142) przeznaczy\u0142a na inwestycje infrastrukturalne, zamiast sp\u0142aci\u0107 d\u0142ugi wierzycielom. Faktycznie, w marcu 2016 r. zarz\u0105d Hawe Telekom poinformowa\u0142, \u017ce zarz\u0105dca w ramach realizowanego planu restrukturyzacyjnego zawar\u0142 umow\u0119 na uruchomienie nowoczesnego systemu transmisyjnego DWDM koncernu Huawei, zwi\u0119kszaj\u0105cego przepustowo\u015b\u0107 sieci. \u2013 Inwestycja ta jest realizowana zgodnie z planem restrukturyzacyjnym, kt\u00f3ry do tej pory nie zosta\u0142 zmieniony, a rada wierzycieli nigdy o to nie wnioskowa\u0142a \u2013 wyja\u015bnia Ma\u0142gorzata Anisimowicz, prezes kancelarii PMR Restrukturyzacje SA. \u2013 Realizowanie takiego planu jest obowi\u0105zkiem zarz\u0105dcy i nie ma \u017cadnych podstaw do oczekiwania, \u017ce zarz\u0105dca zaprzestanie czynno\u015bci restrukturyzacyjnych lub podejmie inne. Rada wierzycieli nie wyst\u0105pi\u0142a do s\u0119dziego komisarza z wnioskiem o zmian\u0119 planu, ale domaga si\u0119 zmiany zarz\u0105dcy, co jest zaskakuj\u0105ce \u2013 dodaje. Zdaniem zarz\u0105dcy sanacyjnego umowa z koncernem Huawei daje sp\u00f3\u0142ce ogromn\u0105 szans\u0119 na zwi\u0119kszenie jej warto\u015bci i sp\u0142at\u0119 d\u0142ug\u00f3w, poniewa\u017c chi\u0144ski koncern telekomunikacyjny pr\u00f3cz wsparcia technologicznego i biznesowego deklaruje te\u017c pomoc w pozyskaniu refinansowania na restrukturyzacj\u0119. Jak twierdzi zarz\u0105dca, zaskakuj\u0105ce s\u0105 oczekiwania ARP dotycz\u0105ce szybkiej sp\u0142aty d\u0142ug\u00f3w przez Hawe Telekom. \u2013 W trakcie post\u0119powania sanacyjnego jest to niemo\u017cliwe, bo zabrania tego prawo restrukturyzacyjne, a samo post\u0119powanie przed\u0142u\u017ca si\u0119 z powodu sprzeciw\u00f3w sk\u0142adanych m.in. przez ARP \u2013 wyja\u015bnia Maciej Roch Pietrzak z PMR Restrukturyzacje SA. \u2013 Uniemo\u017cliwia to s\u0119dziemu komisarzowi zatwierdzenie spisu wierzytelno\u015bci i wyznaczenie terminu g\u0142osowania nad uk\u0142adem, cho\u0107 sprzeciwy jako nieuzasadnione s\u0105 sukcesywnie oddalane przez s\u0105d \u2013 dodaje. Polityka nowej szansy Napraw\u0119, rewitalizacj\u0119 i refinansowanie zad\u0142u\u017cenia firmy zamiast jej upad\u0142o\u015bci, likwidacji i sprzeda\u017cy w kawa\u0142kach umo\u017cliwi\u0142a nowa ustawa o prawie restrukturyzacyjnym, kt\u00f3ra obowi\u0105zuje od 1 stycznia 2016 roku. Wprowadzone przez ni\u0105 przepisy o post\u0119powaniu sanacyjnym maj\u0105 na celu uzdrowienie sytuacji finansowej przedsi\u0119biorstwa, dalsze jego dzia\u0142anie oraz zachowanie miejsc pracy. Dlatego ustawodawca uniemo\u017cliwi\u0142 si\u0142ow\u0105 egzekucj\u0119 z maj\u0105tku d\u0142u\u017cnika czy upad\u0142o\u015b\u0107 likwidacyjn\u0105 od momentu otwarcia post\u0119powania sanacyjnego. \u2013 Celem sanacji jest przywr\u00f3cenie firmie zdolno\u015bci konkurowania na rynku, regulowania bie\u017c\u0105cych zobowi\u0105za\u0144 oraz refinansowania zad\u0142u\u017cenia wobec dotychczasowych wierzycieli. Wszyscy wi\u0119c powinni by\u0107 zainteresowani budowaniem warto\u015bci takiego podmiotu gospodarczego i zwi\u0119kszaniem jego atrakcyjno\u015bci inwestycyjnej, nie za\u015b jego deprecjonowaniem, szkalowaniem i medialnym utrudnianiem realizowania dzia\u0142alno\u015bci operacyjnej \u2013 uwa\u017ca Maciej Roch Pietrzak. Jak dodaje zarz\u0105dca sanacyjny, w trakcie procesu restrukturyzacji Hawe Telekom by\u0142o wiele przypadk\u00f3w odmowy zawarcia nowych kontrakt\u00f3w handlowych (czasem wieloletnich i wielomilionowych) z powodu pojawiaj\u0105cych si\u0119 w mediach informacji, kt\u00f3re nie odpowiada\u0142y rzeczywisto\u015bci i szkalowa\u0142y sp\u00f3\u0142k\u0119. Restrukturyzacja wstrzyma\u0142a upad\u0142o\u015b\u0107 To ju\u017c drugi wniosek o og\u0142oszenie upad\u0142o\u015bci Hawe Telekom wysuni\u0119ty przez Agencj\u0119 Rozwoju Przemys\u0142u. Po raz pierwszy taki wniosek z\u0142o\u017cy\u0142a w grudniu 2015 roku, ale warszawski s\u0105d gospodarczy w marcu 2016 roku zdecydowa\u0142 o rozpocz\u0119ciu post\u0119powania sanacyjnego, wyznaczaj\u0105c na zarz\u0105dc\u0119 w procesie restrukturyzacji firmy kancelari\u0119 PMR Restrukturyzacje SA. Ta decyzja spowodowa\u0142a zawieszenie wszystkich post\u0119powa\u0144 egzekucyjnych wobec sp\u00f3\u0142ki i uniemo\u017cliwi\u0142a wszcz\u0119cie nowych. Hawe Telekom by\u0142a pierwsz\u0105 sp\u00f3\u0142k\u0105, kt\u00f3ra skorzysta\u0142a z nowych przepis\u00f3w restrukturyzacyjnych. Los firmy, jej pracownik\u00f3w, akcjonariuszy i wielu drobnych wierzycieli zale\u017ce\u0107 b\u0119dzie teraz od decyzji s\u0105du. Materia\u0142 ukaza\u0142 si\u0119 w serwisie http:\/\/ccnews.pl: dnia 4 kwietnia 2017: \u00bb Hawe Telekom nie chce sprzeda\u017cy za bezcen<\/p>","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[19],"tags":[],"ppma_author":[30],"class_list":["post-5795","post","type-post","status-publish","format-standard","hentry","category-blog"],"authors":[{"term_id":30,"user_id":12,"is_guest":0,"slug":"teampmr-restructuring-pl","display_name":"Zesp\u00f3\u0142 PMR","avatar_url":{"url":"https:\/\/pmrsa.pl\/wp-content\/uploads\/2024\/10\/logo2-e1729926426335.png","url2x":"https:\/\/pmrsa.pl\/wp-content\/uploads\/2024\/10\/logo2-e1729926426335.png"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/posts\/5795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/comments?post=5795"}],"version-history":[{"count":0,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/posts\/5795\/revisions"}],"wp:attachment":[{"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/media?parent=5795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/categories?post=5795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/tags?post=5795"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/ppma_author?post=5795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}