Czech Republic

CSA Czech Airlines won European Union authorization to receive government restructuring aid after it sold assets, reduced capacity and gave up landing slots at European airports, Bloomberg Businessweek reported. The European Commission said it approved a ...

Daily Headline - global.abi.org - 09/19/2012 - 21:48 - 0 comments

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Resource Article - abi_editor - 08/07/2012 - 11:49 - 0 comments - 1 attachment

Private equity firm Penta Investments has made an offer for German insolvent drug store chain Schlecker, less than a month after buying a 40 percent stake in Polish retailer EM&F, Reuters reported. "We made a non-binding offer on Friday last wee ...

Daily Headline - global.abi.org - 04/09/2012 - 00:09 - 0 comments

Lucchini group has sold its key foundry, Bari Fonderie Meridionali (BFM), to the Czech DT - Vyhybkarna a Strojirna AS, as part of Lucchini's debt restructuring plan, the Italian steelmaker said on Tuesday, Reuters reported. Lucchini, owned by Russia ...

Daily Headline - global.abi.org - 04/03/2012 - 20:14 - 0 comments

Registering one’s claims in insolvency proceedings can be fraught with risk. Often, creditors who register their receivables vis-àvis the debtor under the Insolvency Act are unaware of the dangerous consequences of their seemingly innocuous ...

Resource Article - abi_editor - 08/01/2012 - 16:23 - 0 comments - 1 attachment

The Czech Republic's fourth mobile network operator MobilKom has filed a petition to start insolvency proceedings, laying the blame for its woes squarely at the door of the regulator, the Czech Telecommunication Office (CTU), Telegeography.com repor ...

Daily Headline - abi_admin - 11/24/2011 - 23:06 - 0 comments

Bondholders of bankrupt Czech lottery firm Sazka are demanding changes to its sale conditions, which they say will put off buyers and therefore won't maximise returns, the investors' law firm said on Monday. Dewey & LeBoeuf said it represen ...

Daily Headline - global.abi.org - 08/22/2011 - 22:10 - 0 comments

A Czech court gave the go-ahead on Wednesday to the planned sale of national lottery firm Sazka in a tender, court documents showed. The ruling means the receiver at Sazka, which was put into insolvency in March, can start the tender within days, Reuters ...

Daily Headline - global.abi.org - 08/17/2011 - 23:13 - 0 comments

The court administrator for ECM Real Estate Investments has recommended bankruptcy for the insolvent Czech developer, a document on the Prague Municipal Court's website showed on Tuesday, Reuters reported. ECM and several creditors have pushed for a ...

Daily Headline - global.abi.org - 07/19/2011 - 19:09 - 0 comments

The Czech Republic's lottery company, Sazka, has been forced into the Czech equivalent of Chapter 11 by its main creditors after shareholders refused to agree to restructuring and a management change, Dow Jones Daily Bankruptcy Review reported. Sazk ...

Daily Headline - global.abi.org - 06/02/2011 - 22:23 - 0 comments