Status as of 16/09
Table of Content
Czech Republic, Banking, Competition & Antitrust, Corporate Finance/M&A, Employment & Labor, Healthcare & Life Sciences, Insolvency & Restructuring, Insurance, IT & Data Protection, Public, Real Estate, Tax, Telecoms, Schoenherr, Landlord, Coronavirus, European Commission
The coronavirus pandemic has made life complicated for almost all businesses, especially from the financial point of view. Businesses thus face an increased risk of bankruptcy and subsequent insolvency proceedings.
To help with this challenging situation, an amendment to the Insolvency Act as part of the "Lex Covid" was adopted. Lex Covid became effective on 24 April 2020.
Initiation of insolvency proceedings
Creditor's right to file an insolvency petition