Firms To Watch: Restructuring and insolvency

Restructuring and insolvency in Poland

Octo Legal

At Octo Legal, the restructuring team continues to handle a high volume of bankruptcy-focused proceedings for both debtors and creditors. Piotr Witecki and Paweł Latkowski are the practice co-heads.

A&O Shearman

At A&O Shearman, the restructuring and insolvency team is well known for assisting businesses and financial institutions with financing matters and debt restructurings, as well as advising creditors and investors on transactions involving distressed assets. Cross-border cases are prominent in the group’s workload. Practice head Bartosz Merczyński is highly regarded for his insolvency law expertise, while Paweł Bartosiewicz assists with bankruptcy and restructuring proceedings. Artur Rutkowski is skilled in out-of-court restructurings, and Ewa Tkaczuk is very experienced in advising on finance-related disputes. Jerzy Zdrojewski has left the firm.

Praxisleiter:

Bartosz Merczyński


Weitere Kernanwälte:

Paweł Bartosiewicz; Artur Rutkowski; Ewa Tkaczuk


Referenzen

‘Engaged team able to take a leading role in restructuring discussions with the ability to cooperate and coordinate multiple parties.‘

‘Bartosz Merczyński and Paweł Bartosiewicz have vast knowledge of restructuring.‘

‘Bartosz Merczyński is one of the best restructuring lawyers in Poland.’

Kernmandanten

EBRD (European Bank for Reconstruction and Development)


Samsung Electronics Polska


mBank


Bank Pekao


PKO Bank Polski


Alior Bank


Haitong Bank (Polish Branch)


BGK (Polish National Development Bank)


Highlight-Mandate


  • Acting as counsel to a consortium of banks on the ongoing restructuring of the financing for Grupa Azoty Polyolefins S.A.
  • Advised a consortium of banks on the restructuring of the financing of the Mennica Legacy Tower.

Clifford Chance, Janicka, Kruzewski, Stosio i wspólnicy spólka komandytowa

The team at Clifford Chance, Janicka, Kruzewski, Stosio i wspólnicy spólka komandytowa draws on the strength of the firm’s wider global network to support domestic and international clients on the full range of restructuring and insolvency matters. The group is adept at acting for both debtors and creditors in mandates, including liquidation cases and in and out-of-court restructuring proceedings. Cross-border work is a key area of strength for the team. Miłosz Gołąb is highly regarded for his expertise in debt restructuring matters, and Bartosz Krużewski is sought after for his solid track record in assisting with bankruptcy issues; the duo co-head the practice. Mateusz Chmura is well-versed in advising on restructuring cases.

Praxisleiter:

Miłosz Gołąb; Bartosz Krużewski


Weitere Kernanwälte:

Mateusz Chmura


Referenzen

‘A dedicated, hard-working, proactive and responsible team with professional knowledge.’

Dentons

Dentons provides clients with a comprehensive restructuring and insolvency offering. The group has extensive experience in advising creditors and debtors on the full range of matters, from debt restructuring and bankruptcy proceedings to in and out-of-court restructuring processes. Practice head Anna Pukszto is very highly regarded for her expertise in handling cross-border bankruptcy cases. Other key practitioners include Tomasz Trocki, who specializes in consensual restructuring work, and dispute resolution expert Stanisław Sołtysik.

Praxisleiter:

Anna Pukszto


Weitere Kernanwälte:

Tomasz Trocki; Stanisław Sołtysik


Referenzen

‚Anna Pukzsto and Stanisław Sołtysik’s ability to combine deep legal knowledge with excellent interpersonal skills makes them highly effective in guiding clients through complex challenges, and delivering solutions of the highest quality.‘

‚Anna is a bankruptcy law legend. Possibly the strongest insolvency/restructuring team in Poland, especially when it comes to bankruptcy litigation.‘

‚Tomasz Trocki has great negotiation skills. He is very adept at transactions, clearly defines steps under restructuring, and is well prepared at all times.‘

Kernmandanten

Bank Milllennium


BNP Paribas


Neonet


HSBC


ING Bank


mBank


PKO Bank Polski


Santander


Rymarz Zdort Maruta

The restructuring and insolvency team at Rymarz Zdort Maruta is very highly regarded in the Polish legal market for its solid track record in assisting prominent banking and finance clients with complex mandates. The group routinely acts as counsel to creditors on debt recovery proceedings, insolvency cases and distressed transactions, often spanning multiple jurisdictions. The practice is led by the 'insightful' Magdalena Pyzik-Walag, who has an excellent reputation for her expertise in restructuring matters. Paulina Cieslak is well-versed in representing trustees in bankruptcy cases, and Hubert Wozniak assists with commercial matters.

Praxisleiter:

Magdalena Pyzik-Walag


Weitere Kernanwälte:

Paulina Cieslak; Hubert Wozniak


Referenzen

‘Magdalena Pyzik and the team are business oriented and have excellent analytical skills.‘

‘RZM ensures that a solution can be found even in the most difficult cases, requiring a non-routine approach and the highest level of competence and commitment.’

‘I work directly with Magdalena Pyzik-Walag, whom I greatly value for her competence and project management skills. I can always count on her professional and timely support and solutions, which are often unconventional but optimal for the institution, based on her vast experience. The same applies to Paulina Cieślak.‘

Kernmandanten

Bank Guarantee Fund


Duka


HAWE Telekom S.A.


XXXLutz


Podmiot Zarzadzajacy Aktywami S.A.


VeloBank S.A.


Noble Funds TFI


Dom Maklerski BOS


Getin Noble Bank S.A.


Srodmiejska Spoldzielnia Mieszkaniowa


The bankruptcy trustee of Getin Noble Bank and Idea Bank


Highlight-Mandate


  • Advised the Bank Guarantee Fund (BFG) on the sale of a 100% stake in VeloBank S.A. to Cerberus Capital Management, L.P.
  • Acting as counsel to Podmiot Zarzadzajacy Aktywami S.A. on two ongoing restructuring proceedings in Poland, in which the total liabilities of the debtors amount to over PLN 11bn.
  • Acting for the bankruptcy trustee in the ongoing bankruptcy proceedings of Getin Noble Bank.

Wardynski & Partners

Wardynski & Partners‘ team predominantly represents debtors, creditors, and investors before Polish restructuring courts. The group is well-versed in advising domestic and international clients on transactions involving distressed assets, as well as companies located in Poland undergoing bankruptcy proceedings. Konrad Grotowski is very experienced in handling complex disputes, and Łukasz Szegda focuses on out-of-court restructuring processes; the pair co-head the practice. Restructuring matters are prominent in Mateusz Tusznio‘s workload, while Ewa Kruszko assists with distressed transactions and Jakub Kokowski acts as counsel to creditors in mandates.

Praxisleiter:

Konrad Grotowski; Łukasz Szegda


Weitere Kernanwälte:

Mateusz Tusznio; Ewa Kruszko; Jakub Kokowski


Referenzen

‘Their advice has been precise and clear.‘

‘Konrad Grotowski and Ewa Kruszko have been a great help to us.’

‘Cooperation with this law firm means high-quality service.’

Kernmandanten

SCANIA AB


Newag S.A.


Santander Bank Polska


PKO Bank Polski


ING Bank


Bank Polska Kasa Opieki


Credit Agricole Bank Polska


ACP Partners Limited


Bank Millennium


mBank


Black Tiger France SAS


Highlight-Mandate


  • Advised Scania AB on the acquisition of the Polish and Swedish assets of the insolvent company Northvolt AB.
  • Acting as counsel to a group of eight financial institutions, as creditors, on Neonet’s restructuring proceedings.

Baker McKenzie Krzyzowski i Wspólnicy Sp.k.

Karol Czepukojć, a highly regarded restructuring practitioner, leads the team at Baker McKenzie Krzyzowski i Wspólnicy Sp.k., which has a solid track record in representing domestic and international clients in complex cross-border cases. The group is perhaps best known for advising creditors on insolvency mandates, in-court restructuring proceedings, debt recovery issues, bankruptcy proceedings and transactions involving distressed assets. Tomasz Krzyżowski fields M&A expertise.

Praxisleiter:

Karol Czepukojć


Weitere Kernanwälte:

Tomasz Krzyżowski


Referenzen

‘Great team of highly skilled professionals. Quick to deliver sophisticated solutions. ’

‘Karol Czepukojć stands out. His court experience and ability to navigate the complexities of court procedures is truly amazing. ’

‘Karol Czepukojć’s advice was always on point – he is always down to earth and considers the practical aspects of the case, both when it comes to the case’s background as well as implications of his advice.’

Kernmandanten

CSB Island Entertainment ApS


Polindus-Laktopol Capital Group


Google Poland sp. z o.o.


Santander Bank Polska S.A.


DLA Piper Gizinski Kycia sp.k.

The practice at DLA Piper Gizinski Kycia sp.k. is well known for its excellent track record in advising across the whole spectrum of restructuring and insolvency matters. The team routinely handles cross-border cases involving restructuring proceedings, bankruptcy matters, dispute resolution and recovery of claims. The department is jointly led by Mariusz Hyla, a specialist in finance work, and Krzysztof Kycia, who focuses on litigation. Magdalena Dec and Paweł Bartosiewicz are key names to note.

Praxisleiter:

Mariusz Hyla; Krzysztof Kycia


Weitere Kernanwälte:

Magdalena Dec; Paweł Bartosiewicz


Kernmandanten

ASICS Polska sp. z o.o.


Estlin Investments sp. z o.o.


Metro Properties sp. z o.o.


Amerigas Polska sp. z o.o.


Highlight-Mandate


  • Advised an IT company on its acquisition of distressed assets via the bankruptcy proceedings of a cryptocurrency company in Poland.

Domanski Zakrzewski Palinka

Domanski Zakrzewski Palinka‘s restructuring and insolvency team adeptly handles in and out-of-court proceedings, insolvency mandates, bankruptcy cases, debt recovery matters and dispute resolution, with a solid track record in representing both creditors and debtors in work. Michał Cecerko, who heads the practice, is sought after by banking and finance companies. Damian Cieśla and Oliwia Dziamecka are active in debt recovery matters.

Praxisleiter:

Michał Cecerko


Weitere Kernanwälte:

Damian Cieśla; Oliwia Dziamecka


Referenzen

‘DZP is known for its exceptional creativity and strategic thinking in legal problem-solving. The team consistently goes beyond standard legal service by offering alternative scenarios, clearly outlining the pros and cons of each option. Their deep understanding of the client’s business and industry allows them to deliver highly tailored and commercially sound advice. DZP stands out for its innovative mindset, responsiveness, and ability to translate complex legal issues into practical solutions.’

‘The stability of the team, with Michał Cecerko at the forefront, significantly enhances the efficiency of our collaboration — we never have to re-explain the specifics of our company or the recurring legal challenges we face. What truly sets Cecerko apart is his proactive approach. He often identifies legal issues before they are raised by us and proposes solutions that take into account not only the legal framework but also business aspects we may not have initially considered. He also keeps us informed about upcoming regulatory changes that could impact our operations, demonstrating both initiative and a deep understanding of our business environment.’

‘Michał Cecerko supports clients in an approachable way, always delivering good quality.’

Kernmandanten

Idea Bank S.A.


FAKTORONE S.A. w restrukturyzacji


Getin Noble Bank S.A.


Edison Next Poland sp. z o.o.


LC Corp BV


RAFAKO S.A.


Surco Interiors


Inter Fleet


Highlight-Mandate


  • Acting for Edison Next Poland, as creditor, in ongoing proceedings concerning the bankruptcy of Elektrobudowa S.A.

Kochanski & Partners

The restructuring and insolvency team at Kochanski & Partners routinely handles complex cross-border projects, with notable expertise in advising on contentious debt matters, bankruptcy issues, restructuring proceedings and debt recovery work. Rafal RapalaMateusz OstrowskiAnna Gwiazda, and Witold Głuchowski are key contacts in the group; the multi-disciplinary team brings experience in assisting debtors and creditors with litigation, transactional work, and M&A matters.

Praxisleiter:

Rafał Rapala; Mateusz Ostrowski; Anna Gwiazda; Witold Głuchowski


Kernmandanten

UAB Vilniaus kogeneracinė jėgainė


SAINAI S.A.


EFC European Foundation


Ringer Axel Springer Polska


Blachotrapez


Perfect Gym Solutions S.A.


SSW

The restructuring and insolvency practice at SSW has established expertise in handling insolvency matters, bankruptcy proceedings and transactions involving cross-border elements. Janusz Mazurek is well known for acting as counsel to creditors, debtors, and investors; he co-heads the department with Piotr Grabarczyk, who focuses on restructuring matters. Dispute resolution expert Lukasz Cudny, Lukasz Grenda, who focuses on bankruptcy proceedings, Marta Stępniewska and Wiktor Danielak are key practitioners to note.

Praxisleiter:

Janusz Mazurek; Piotr Grabarczyk


Weitere Kernanwälte:

Lukasz Cudny; Lukasz Grenda; Marta Stępniewska; Wiktor Danielak


Referenzen

‘The team distinguished itself in particular through its pragmatic approach, flexible consideration of the situation and a high level of professional competence. Our case could not have been handled better.’

‘In particular, I appreciated the excellent accessibility, understanding and pragmatic approaches to solving challenging situations, as well as the rapid development and implementation of solutions.’

‘Very good team with a detail-oriented approach.’

Kernmandanten

Waimea Holding S.A.


Powszechna Kasa Oszczędności Bank Polski S.A.


Muscat Eyewear Sp. Z o.o.


PHU Partners


Siemens Finance


CC83


Grupa AZOTY


Zimmerman Sierakowski and Partners

Zimmerman Sierakowski and Partners' team garners praise for its 'reliability, availability, and deep understanding of restructuring law'. The group is very experienced in acting for creditors and debtors in bankruptcy proceedings, insolvency matters and in and out-of-court restructuring proceedings. Additionally, the team is well versed in assisting with recovery actions involving distressed assets. Piotr ZimmermanNorbert Frosztęga and Bartosz Sierakowski co-head the practice; Mateusz Waberski is a name to note.

Praxisleiter:

Piotr Zimmerman; Bartosz Sierakowski; Norbert Frosztęga


Weitere Kernanwälte:

Mateusz Waberski


Referenzen

‘Zimmerman Sierakowski and Partners distinguishes itself through a highly practical and solution-driven approach to legal challenges. Throughout our cooperation, the team has consistently provided clear and actionable guidance, even in situations where answers could not be found in existing legislation or legal commentary.‘

‚The team’s ability to think creatively while remaining grounded in legal principles has been invaluable. We have always felt supported by a team that understands the real-world implications of legal decisions and is willing to explore new paths with confidence and clarity.’

‘The lawyers at Zimmerman Sierakowski and Partners are distinguished by their reliability, availability, and deep understanding of restructuring law. The team has consistently demonstrated exceptional timeliness and responsiveness. Their ability to anticipate legal risks, provide practical solutions, and keep us informed about relevant regulatory developments has made them a trusted and dependable partner.’

Kernmandanten

Chintec sp. z o.o.


Adiuvo Investments S.A.


Re Development S.A.


NPC S.A.


HBK 10 sp. z o.o.


Better Energy Poland sp. z o.o.


Vinci Immobilier Polska sp. z o.o.


Hawe Telekom S.A.


Neckermann Polska Biuro Podróży sp. z o.o.


Europoles sp. z o.o.


Szpital Powiatowy we Wrześni sp. z o.o.


Care Experts sp. z o.o.


Milo Development sp. z o.o.


P1 sp. z o.o.


FaktorONE SA


Highlight-Mandate


  • Assisted Neonet with high-value restructuring proceedings involving over 1600 entities.

EY Law

The restructuring and insolvency practice at EY Law, led by restructuring law expert Magdalena Kasiarz, is perhaps best known for its expertise in advising creditors and debtors on transactions involving distressed M&A deals. The group’s workload also including handling intercreditor agreements. Kasiarz is ably supported by Piotr Podsiadło and Anna Wiaksa.

Praxisleiter:

Magdalena Kasiarz


Weitere Kernanwälte:

Piotr Podsiadło; Anna Wiaksa


Referenzen

‘Good team with commercial awareness.‘

‘Magdalena Kasiarz is good at combining law and economics.‘

‘Magdalena Kasiarz combines legal and commercial capabilities, making her a great name in the market.‘

Kernmandanten

Neonet


Grupa Specjał


Novatek Green Energy


Liugong Dressta Machinery


Arriva


European Commission


Highlight-Mandate


  • Advised Neonet S.A. on the sale of shares as part of restructuring proceedings.

Greenberg Traurig Nowakowska-Zimoch Wysokinski Sp. k

At Greenberg Traurig Nowakowska-Zimoch Wysokinski Sp. k, the group regularly advises creditors, debtors, and investors on finance and debt restructurings, bankruptcy proceedings, and transactions involving distressed assets. At the helm of the practice is Andrzej Wysokiński, who brings expertise in banking and finance matters. Other key names to note are Paweł Długoborski and Piotr Nerwiński.

Praxisleiter:

Andrzej.Wysokinski


Weitere Kernanwälte:

Paweł Długoborski; Piotr Nerwiński


Referenzen

‘The firm has experience in dealing with various restructuring scenarios and understands the debtor-creditor dynamics very well, especially in the context of the Polish market and its participants. They are proactive in finding solutions to issues and are very good at identifying areas that actually matter for their clients. ’

‘Paweł Długoborski can handle both creditor and debtor side restructurings well. A good communicator.’

‚Good communication, always hitting deadlines, high quality of services, responsiveness.‘

Kernmandanten

Bank Pekao S.A.


IFA Holding GmbH


Groele i Wspólnicy sp. k.

The Krakow-based team at Groele i Wspólnicy sp. k. supports creditors and debtors, with a focus on bankruptcy proceedings and insolvency issues. Practice head Bartosz Groele ‘combines deep technical expertise with pragmatic, commercially viable solutions’. Piotr Paśko and Kamil Strus are key contacts in the group for contentious cases.

Praxisleiter:

Bartosz Groele


Weitere Kernanwälte:

Piotr Paśko; Kamil Strus; Weronika Kukla


Referenzen

‘Bartosz’s team delivers strategic, actionable advice that integrates legal precision with business practicality.’

‘Bartosz Groele is a true strategic advisor. Weronika Kukla and Kamil Strus are highly capable insolvency lawyers.’

‘Their restructuring team stands out for the unique combination of technical excellence, commercial understanding, and a highly collaborative approach. They are known for being exceptionally responsive, business-minded, and easy to work with — true partners rather than just advisers.’

Kernmandanten

Onico S.A.


HAWE TELEKOM w restrukturyzacji S.A.


Diag Invest sp. z o.o.


N1 sp. z o.o.


Skinest Rail Polska sp. z o.o.


MW Rail S.A.


Szczecińska Fabryka Wódek STARKA Sp. z o.o. w upadłości w Szczecinie


Elektrix S.A.


Studio 7S sp. z o.o. sp. k.


Auto Center Rzeszów sp. z o.o.


Niegolewskich sp. z o.o. sp. k.


Sunshinepower Piotr Kawalec spółka komandytowa


Filipiak Babicz Legal spółka komandytowa


RESIST Rezanko Sitek Kancelaria Adwokatów i Radców Prawnych


KKG Legal


MT Laboratories sp. z o.o.


Highlight-Mandate


  • Advised Onico S.A. on restructuring proceedings.
  • Acting as counsel to HAWE Telekom S.A. on restructuring proceedings.

Wierzbicki&Co.

Wierzbicki&Co. boasts a variety of debtors and creditors among its client base, for whom it handles in and out-of-court proceedings, bankruptcy cases, and restructuring matters. The practice is spearheaded by Przemyslaw Wierzbicki, who is well-known for advising on restructuring cases. Marcelina Rzepkowska, Kamil Damięcki, and Marcin Orzechowski are names to note.

Praxisleiter:

Przemysław Wierzbicki


Weitere Kernanwälte:

Marcelina Rzepkowska; Kamil Damięcki; Marcin Orzechowski


Referenzen

‘I value the lawyers for their dynamic approach.‘

Kernmandanten

Medical Continence Centers S.A


Spravia sp. z o.o.


UNIQA Towarzystwo Ubezpieczeń S.A.


Alpine Bau GmbH A-1 sp. jawna


PKP Cargo S.A.


Arbor BG sp. z o.o. sp.k.


PKP PLK S.A.


Development System sp. z o.o.


Alpine Bau GmbH A-1 sp. j


Highlight-Mandate


  • Acting as counsel to PKP Cargo S.A. across the whole restructuring process.

Soltysinski Kawecki & Szlezak

Soltysinski Kawecki & Szlezak has a solid track record in assisting with bankruptcy proceedings and debt recovery matters, often representing clients before the Polish restructuring courts. In the Warsaw office, Jacek Siński is very experienced in handling disputes, and Lech Giliciński advises on transactions involving distressed assets; the duo co-head the practice. Other key practitioners to note include Karolina Chrószcz in Warsaw and Adam Grzelak in Poznań.

Praxisleiter:

Jacek Siński; Lech Giliciński


Weitere Kernanwälte:

Adam Grzelak; Karolina Chrószcz


Referenzen

‘SKS‘ restructuring and insolvency team is particularly strong. One can always trust that this team will deliver the best results possible.’

‘Adam Grzelak is a great lawyer who is always ready to help. He is an extremely good expert in this field.’

‘Soltysinski Kawecki & Szlezak is a high-level law firm providing specialised legal services with a high level of commitment.‘

Kernmandanten

The Flag


Galila Trade LP


CA Auto Bank


Leasys Polska


ZF Friedrichshafen


Belle Aire Fragrances Group


ASM Group


Metinvest BV


Blue City


Financial Consortium


Highlight-Mandate


  • Advised a consortium of banks on cross-border bankruptcy proceedings.
  • Advised a large Polish shopping centre on court restructuring proceedings.

White & Case M. Studniarek i Wspólnicy - Kancelaria Prawna sp.k.

White & Case M. Studniarek i Wspólnicy - Kancelaria Prawna sp.k.‘s team handles a steady workflow of restructuring matters. Key areas of instruction for the group include advising on bankruptcy proceedings, debt restructuring transactions, financings and acquisitions of distressed assets. Grzegorz Abram is highly regarded for his expertise in debt finance matters, and Paweł Zagórski‘s ‘deep knowledge and extensive experience in managing high-stakes restructurings and insolvencies set him apart as a top expert’; the pair co-head the practice. Mateusz Dyduch and Michał Horelik are names to note.

Praxisleiter:

Grzegorz Abram


Weitere Kernanwälte:

Paweł Zagórski; Mateusz Dyduch; Michał Horelik


Referenzen

‚The White & Case Warsaw team combines local expertise with a global reach, providing seamless cross-border services. The team’s strengths lie in their collaborative approach, responsiveness, and dedication to delivering exceptional results.‘

‘Paweł Zagórski brings a unique blend of expertise, dedication, and innovative thinking to his practice. His ability to tackle the most challenging financial restructurings with a calm and methodical approach sets him apart.‘

‘The practice is known for its ability to deliver swift, high-quality legal services while maintaining clear communication and a deep understanding of clients’ needs.’

Kernmandanten

Credendo – Excess & Surety Societe Anonyme


Credendo – Excess & Surety S.A. Branch in Poland


Generali Towarzystwo Ubezpieczeń S.A.


Korporacja Ubezpieczeń Kredytów Eksportowych S.A.


Sopockie Towarzystwo Ubezpieczeń Ergo Hestia S.A.


Powszechny Zakład Ubezpieczeń S.A.


Uniqua Towarzystwo Ubezpieczeń S.A


Cerrad sp. z o.o.


NextBike GmbH


Tier Mobility GmbH


Highlight-Mandate


  • Advising a consortium of insurance companies on restructuring the debt of Trakcja PRKiI S.A. and its subsidiaries.

WKB Lawyers

The team at WKB Lawyers is very experienced in handling a broad spectrum of restructuring and insolvency law matters. Under the joint leadership of Andrzej Wierciński and Jakub Jedrzejak, the group often assists clients with bankruptcy proceedings, debt recoveries, and distressed M&A. Klaudia Frątczak-Kospin left the firm in June 2025.

Praxisleiter:

Andrzej Wierciński; Jakub Jędrzejak


Kernmandanten

TU Europa


Zakłady Usługowe “Centrum – Usługa”


Spółka Z Ograniczoną


Odpowiedzialnością


Dino Polska S.A.


Hydraulico A.S.


Trafilerie Meridionali Spa


HIS Renewables Gmbh


Tvn S.A.