Tue, May
47 New Articles

FKA Advises mBank on Sale of Non-Performing Receivables Portfolio

FKA Advises mBank on Sale of Non-Performing Receivables Portfolio

  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

FKA Furtek Komosa Aleksandrowicz has advised mBank SA on the sale of a portfolio of non-performing receivables towards corporate clients (and related receivables owed to a government financial institution) with a face value of over PLN 125 million. FKA describes the unidentified buyer of the portfolio as "a securitization closed-end investment fund belonging to one of the leading groups in the debt management market."

FKA reports that its advice to mBank "included all stages of the process initiated in the third quarter of 2016, from the preparation of the transaction legal framework and timetable, correspondence to potential buyers, the receivable sale process letters and other transaction documentation, through assistance to the special sale committee of the Bank when reviewing the submitted bids in particular stages and selection of the buyer, to negotiation of the receivables sale agreement and the transaction finalization in December 2016."

The FKA Financial Institutions and Restructuring team was led by Partner Leszek Rydzewski, assisted by Senior Associate Bartlomiej Bronisz and Tax Partner Mariusz Aleksandrowicz.

FKA informed CEE Legal Matters that it was not allowed to identify the buyer on the deal, or its counsel, "due to strict information policies of the buyer organization." 

Poland Knowledge Partner

Penteris is a law firm combining in-depth expertise, robust advice, and a pan-regional reach.

We provide full-service business law advice within five sector lines: Energy & natural resources, Financial institutions, Private equity, Real estate, and Retail.

On the market since 2001, we were originally part of a Scandinavian law firm and then a founding office of a pan-Baltic organisation.

Our attorneys will work closely with you, providing you with the hard skills, service-minded know-how, and legal expertise that will keep you secure while you lead the market.

Our skills are at your disposal:

  • Expertise and passion wrapped up in a personal service
  • Close-knit team providing a multidisciplinary approach
  • Ability to listen, understand, and deliver for the tangible benefit of the client.

The team continues to be internationally recognised year on year, most recently by Chambers Global 2020, Chambers Europe 2020, and The Legal 500 EMEA 2020.

Firm's website: https://penteris.com

Our Latest Issue