Of interest.

Kategorie: Restructuring and insolvency

29. 11. 2023

Preventive Restructuring Act: a new framework for companies in financial difficulties

In today’s globalised world, businesses often face challenges that can lead to temporary financial difficulties. To support the resolution of such problems, Act No. 284/2023 Coll., on Preventive Restructuring, was adopted with effect from 23 September 2023. It’s aim is to transpose Directive (EU) 2019/1023[1] on restructuring and insolvency (the “Directive”) into Czech law, which offers legal …

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08. 02. 2022

What is the new draft law on preventive restructuring supposed to bring?

At the end of July 2021, the Ministry of Justice submitted for comments a draft of a completely new Act on Preventive Restructuring (the “Act“) to transpose the European Directive on Restructuring and Insolvency[1] (the “Directive“) into Czech law. Generally The comment procedure on the draft Act was closed on 27 August 2021, and it …

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30. 03. 2021

Increased risk of liability of members of the statutory body in the event of the insolvency of a business corporation after 1 January 2021

With this article, we would like to start a very current topic of the transformation of insolvency, which occurred after 1 January 2021 in connection with the amendment to the Business Corporations Act. The article deals with the topic of direct liability of members of the statutory body of business corporations for the insolvency. The amendment …

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14. 04. 2020

Insolvency proceedings in the anti-virus veil – the German way out of the insolvency spiral

The Czech Parliament is currently discussing a draft bill to mitigate the impact of the coronavirus epidemic in the justice sector (the so-called “lex COVID”). One of the main topics of the crisis regulation is the area of insolvency law in which the filing of creditor insolvency petitions as well as the obligation to file …

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