The District Court for the capital city of Warsaw secured the assets of Ruch S.A. by establishing a temporary court supervisor, who was appointed Zimmerman Filipiak Restrukturyzacja S.A. In addition, the Court joined for joint examination the motion for bankruptcy and the motion for the opening of cure proceedings filed in August by ZPR Media and Time.

On Wednesday, RUCH S.A. received a motion to open accelerated composition proceedings.

The temporary court supervisor plans to analyze the Company’s situation as soon as possible and present a recommendation of one of the three proposed solutions.

Source: www.pb.pl/czarne-chmury-nad-ruchem-939130b.pl