Report No.29_Dismissal of appeal from the decision of the District Court in Warsaw in case against BZ WBK and Wrocław Municipality

The Management Board of Mostostal Warszawa S.A. (“Company”) informs that yesterday, the Court of Appeal in Warsaw dismissed the appeal from the decision of the District Court in Warsaw in a case against BZ WBK (“Bank”) and Wrocław Municipality (“Employer”, “Beneficiary”) on determining the absence of right and obligation of the Bank to disburse the amount of PN 30.85 million under the Performance Bond, the beneficiary of which is the Wrocław Municipality on account of improper performance of the contract – contract No. 7/2009/NFM of 22 December 2009 for the construction of the National Forum of Music in Wrocław.  

In consequence of the decision, the Bank may disburse funds from the guarantee in question to the Beneficiary.  

Go back