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EY and LOT in legal dispute

17th December 2013
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Poland’s national airline LOT will have to meet advisory firm EY in court in April 2014. The Polish and British departments of EY and their hired expert Cor Vrieswijk say that they did not receive due payment for preparing a restructuring plan for LOT. 
 
The Polish airline refuses to pay and demands that the firm pay for a plan prepared by PwC, which took EY’s place, a total sum of zł.6.5 million. In response, EY is demanding the overdue payment and the reimbursement of costs worth a total of zł.4.4 million.
 
LOT spokesperson Barbara Pijanowska-Kuras claims that EY – knowing that the airline needed to prepare a rescue plan quickly in order to meet deadlines – charged the air carrier four times more than usual, so LOT had to find another advisory (PwC) to finish preparing the plan. 
 
Łukasz Zalicki, a partner at EY, said that his company had to stop working on LOT’s plan as the airline failed to pay for work it had already done.
 
 

From Warsaw Business Journal


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