The District Court in Warsaw acceded to the arguments of BEST S.A. and Krzysztof Borusowski, President od the company’s Management Board, and dismissed Kredyt Inkaso S.A.’s claim for paument of PLN 60.7 million in its entirety.

The court’s ruling concerned Kredyt Inkaso’s lawsuit for payment, jointly and severally by BEST S.A. and Krzysztof Borusowski, of PLN 60.7 million in damages. The damages concerned an alleged loss by Kredyt Inkaso, in 2016, of contracts for the management of claim portfolios owned by the group of funds managed by AgioFunds TFI S.A. and Trigon TFI S.A. In the course of the proceedings, BEST S.A. presented evidence to the court proving that the action brought by Kredyt Inkaso was part of a campaign pursued by the then management board of Kredyt Inkaso, aiming to persuade Kredyt Inkaso’s shareholders (among others, individual investors) to sell their shares under a call for the sale of shares announced by Waterland. The proposition that the lawsuit was instrumentalised is confirmed, among other things, by the position of the former President of Kredyt Inkaso S.A. presented in the e-mail correspondence disclosed in the 2023 report of the Special Auditor (available at: Auditor’s Report), in which Mr Paweł Szewczyk pointed out that the filing of a multi-million lawsuit against BEST S.A. and Krzysztof Borusowski was expected to influence the opinions of Kredyt Inkaso’s shareholders at that time.

The ruling is final.

– We are pleased to announce the court’s decision. BEST Capital Group has always stood for business integrity and compliance. We hope that this ruling will mark a new chapter for Kredyt Inkaso, also in the area of the company’s relations with its minority shareholders. We hope that Kredyt Inkaso’s current Management Board will spare no efforts to pursue damages from the company’s former managers for the harm caused to the company and its shareholders – comments Krzysztof Borusowski, President of the Management Board of BEST S.A.