Success in the case conducted before Arbitration Court to The Polish Bank Association. 1

Success in the case conducted before Arbitration Court to The Polish Bank Association.

We have achieved great success winning against one of the leading banks on the Polish market in the case conducted before Arbitration Court to The Polish Bank Association, regarding CIRS transactions (CIRS transactions, along with currency options, are recognized as so-called ?toxic derivative instruments? and were frequently concluded by entrepreneurs in year 2008). The Court accepted our argument and dismissed the complaint of the bank worth over a dozen millions of PLN and, at the same time, accepted our client’s counterclaim and adjudicated the requested amount for our client’s benefit.