Czech Republic

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Coal Miner NWR Faces Insolvency Or Buyout At Lower Price

($137.72 million), cleared of most debt. The company has been trying to reach a restructuring and state aid ...

Daily Headline - global.abi.org - 05/02/2016 - 21:04 - 0 comments

Article from INSOL Europe (18 - 24 April 2016) GlobalINSOLvency Editorial Board

The Czech Supreme Court recently issued two decisions having a significant impact on the position of secured creditors (i.e. generally financial institutions) within insolvency proceedings. Both decisions stem from one of the first major insolvencies con ...

Resource Article - twallace@abiwor... - 04/19/2016 - 13:50 - 0 comments - 1 attachment

Czech Miner NWR Creditors Push For Aid Deal To Avoid Insolvency

Creditors of troubled Czech hard coal miner New World Resources pushed on Sunday for a quick agreement with the government on state aid for its main operating subsidiary OKD to avoid its bankruptcy, saying a deal was needed next week. The firm's mai ...

Daily Headline - global.abi.org - 04/10/2016 - 19:20 - 0 comments

Czech Industry Minister Says Offered Sale Of Miner NWR Shares And Debt

Czech Industry and Trade Minister Jan Mladek offered last week that current owners sell 100 percent stake in the operating unit OKD of troubled miner New World Resources as well as most of the group's debt but majority owners and creditors rejected ...

Daily Headline - global.abi.org - 04/07/2016 - 21:50 - 0 comments

Korean Air Lines Agree to Inject Fresh Capital into CSA Czech Airlines

CSA Czech Airlines said that its key shareholder Korean Air Lines Ltd. has agreed to inject fresh capital into the country’s flagship carrier as it seeks to overcome its current financial struggles, The Wall Street Journal Emerging Europe blog report ...

Daily Headline - global.abi.org - 10/23/2014 - 21:20 - 0 comments

Czechs Weigh Delayed Stimulus Exit as Currency Cap Upheld

Prague left their benchmark interest rate at 0.05 percent today for a 12th meeting, matching the ... interest rate at 0.05 percent today for a 12th meeting, matching the estimates of all 12 analysts in a ...

Daily Headline - global.abi.org - 05/08/2014 - 00:04 - 0 comments

Czech Minister Says Coal Miner NWR Needs New Capital To Avert Collapse

Czech trade minister Jan Mladek said on Monday loss-making coal miner New World Resources needed 3 billion crowns ($149.72 million) or more in new capital or it would face bankruptcy, Reuters reported. The Czech hard coal miner, which made a record fourt ...

Daily Headline - global.abi.org - 04/07/2014 - 21:37 - 0 comments

Czech Wagon Supplier Files For Insolvency

Czech wagon manufacturer Legios filed for insolvency on October 28, owing around CKr 220m ($US 11.7m) the VUB bank and more than CKr 300m to other creditors, IRJ reported. The company suspended payments of obligations in June 2013, but has reportedly bee ...

Daily Headline - global.abi.org - 10/30/2013 - 22:06 - 0 comments

Czech Republic Report

According to Justice Ministry statistics, 32,656 insolvency petitions were filed in the Czech Republic in 2012. Attachment Size czech_republic_report_by_david_fechtner.pdf 84.26 KB (Czech Republic, Euro ...

Resource Article - twallace@abiwor... - 09/20/2013 - 10:25 - 0 comments - 1 attachment

OECD - Who Cares? Corporate Governance in Today’s Equity Markets

There are two main sources of confusion in the public corporate governance debate. One is the confusion about the role of public policy intervention. The other is a lack of empirical knowledge about the corporate landscape where rules are supposed to be ...

Resource Article - twallace@abiwor... - 09/19/2013 - 14:22 - 0 comments - 1 attachment

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