Cinkciarz.pl, a company within Conotoxia Holding, declares that it will file urgent appeals against what it considers to be unlawful court-ordered blockades and bailiff seizures of bank accounts. According to us, almost all blockades were imposed in clear violation of the law, leading to multiple times more collateral than initially required. The company's accounts were subject to mass freezing at several banks, which several times, and in some cases even more than ten times, exceeded the required collateral.
According to Cinkciarz.pl representatives, the judges made decisions without proper analysis, and the account blockades were accepted without reflection and passed on to bailiffs for execution without moderation and common sense. This practice caused serious operational difficulties for the company and threatened its financial liquidity. The company also plans to file motions to change the type of security in cases where the courts have made correct decisions but have disproportionately applied bank account blockades.
The company wants financial collateral to be enforced differently than by blocking accounts. It points to the upcoming court proceedings in the Currency One case, which are due to start soon and in which the claim's value is PLN 35 million. We propose that collateral be enforced in a less burdensome form for the company's day-to-day operations.