Case vs. four cooperative banks

A group of buyers of holiday and residential properties against Bank Polskiej Spółdzielczości S.A. in Warsaw, Polski Bank Spółdzielczy in Ciechanów, Bank Spółdzielczy in Szczytno, and Warmiński Bank Spółdzielczy in Jonkowo.

The group against:

1. Bank Polskiej Spółdzielczości S.A. with its registered office in Warsaw
2. Polski Bank Spółdzielczy in Ciechanów
3. Bank Spółdzielczy in Szczytno
4. Warmiński Bank Spółdzielczy with its registered office in Jonkowo

Action to establish the liability of four cooperative banks for damage caused to members of the group – purchasers of holiday and residential properties – by incorrectly assessing the developer’s creditworthiness, and as a consequence, excessively encumbering its assets and preventing the developer from fulfilling its obligations towards the members of the group.