On 29 May 2018, the Litigation team of SSW Pragmatic Solutions succeeded in obtaining a favourable judgment before the Court of Appeal in Warsaw for its client– Erbud S.A. – in a dispute with Millennium Bank. The dispute concerned a payment made by Millennium Bank to Erbud, exceeding PLN 70 million, in connection with the Bank having offered and sold unsuitable financial instruments to Erbud which failed to secure the client’s transactions and resulted in millions of PLN worth of loss.
The judgment was issued in response to a successful appeal initiated by SSW's Litigation team, led by Janusz Mazurek (Partner) and supported by Łukasz Cudny (Counsel) and Helena Czechowska (Associate).
The Erbud Group was established in 1990 and has extensive experience in completing prestigious construction projects. It is one of the five leading construction groups on the Polish market. The Group is active in the following business areas: building construction, road-engineering, industrial buildings, engineering and maintenance services for the industry and power sector. The Group operates on the Polish market and in other EU countries.
