Skip to main content
Enter a keyword
  • Login
  • Home

    Main navigation

    Menu
    • US Law
      • Chapter 15 Cases
    • Regions
      • Africa
      • Asia Pacific
      • Europe
      • North Africa/Middle East
      • North America
      • South America
    • Headlines
    • Education Resources
      • ABI Committee Articles
      • ABI Journal Articles
      • Covid 19
      • Conferences and Webinars
      • Newsletters
      • Publications
    • Events
    • Firm Articles
    • About Us
      • ABI International Board Committee
      • ABI International Member Committee Leadership
    • Join
    Commission opens in-depth investigation into restructuring aid for Czech airlines
    2011-02-25

    On 23 February, the European Commission (“Commission”) opened an in-depth investigation, to verify whether the measures notified in the context of the restructuring of the Czech national flag carrier Czech Airlines are in line with the EU rescue and restructuring aid guidelines. The measures comprise a loan of CZK 2.5 billion (around €94 million) granted by the State-owned undertaking Osinek under allegedly preferential conditions, its later de-collateralisation and transformation into equity capital and a potential guarantee for the purchase of an airplane.

    Filed under:
    Czech Republic, European Union, Aviation, Insolvency & Restructuring, Trade & Customs, Mayer Brown, State-owned enterprise, European Commission, European Committee for Standardization
    Authors:
    Gillian Sproul
    Location:
    Czech Republic, European Union
    Firm:
    Mayer Brown
    Case law development
    2011-12-19

    Following last edition’s article on the insolvency proceedings of the market-leading Czech betting company, we would like to provide an update on the progress of the company’s insolvency proceedings.

    Filed under:
    Czech Republic, Insolvency & Restructuring, Projects & Procurement, CMS Legal, Bankruptcy
    Authors:
    Ivana Fára
    Location:
    Czech Republic
    Firm:
    CMS Legal
    Stop to bullying insolvency petitions
    2012-02-08

    In the last week of January, the Czech Government passed an amendment to the Insolvency Act, which was prepared by the Ministry of Justice. The aim of the amendment is to respond to the growing widespread practice of the filing of unjustified insolvency petitions by creditors. The amendment intends to allow courts to reject such petitions.

    Filed under:
    Czech Republic, Insolvency & Restructuring, CMS Cameron McKenna Nabarro Olswang LLP, Bankruptcy, Debtor
    Authors:
    Ivana Fára
    Location:
    Czech Republic
    Firm:
    CMS Cameron McKenna Nabarro Olswang LLP
    Date of new insolvency law
    2007-04-13

    In the September, 2006 issue of Insolvency Notes, the effect of the overhaul of the bankruptcy laws in the Czech Republic was discussed. As was the case at that time, the new insolvency laws were to become effective July 1, 2007. It now appears that the effective date will be delayed. The lower house of Czech Parliament gave fast-track approval recently to a bill for delaying implementation of the new bankruptcy act by six months, to January 1, 2008. Senate and presidential approval is still needed.

    Filed under:
    Czech Republic, Insolvency & Restructuring, White & Case, Bankruptcy, Debtor, Data, Trustee
    Location:
    Czech Republic
    Firm:
    White & Case
    Harmonisation of insolvency avoidance rights from the Czech perspective
    2024-03-01

    The right to effectively avoid the illegitimate removal of assets from a company in financial difficulties is a key element of any insolvency law that protects the rights of creditors and maximises the recovery of value from the insolvent company.

    Czech insolvency law, and in particular the insolvency avoidance rights, play a significant role as a recovery tool for creditors in insolvency proceedings, but in practice mainly act as a preventive warning signal for a debtor and its creditors when trading, even before financial problems arise.

    Filed under:
    Czech Republic, Insolvency & Restructuring, CMS Cameron McKenna Nabarro Olswang LLP, Insolvency, European Commission
    Authors:
    Lukáš Valúšek
    Location:
    Czech Republic
    Firm:
    CMS Cameron McKenna Nabarro Olswang LLP
    Czech Republic introduces new Act on Preventive Restructuring
    2024-03-06

    Czech Republic has recently implemented the Act on Preventive Restructuring (the Act), with effect from 23 September 2023, which offers companies in financial difficulty a chance to restructure their assets, liabilities, and capital structure.

    Initiation

    The preventive restructuring process may be initiated by a company if it:

    Filed under:
    Czech Republic, Insolvency & Restructuring, Taylor Wessing, Insolvency
    Authors:
    Thomas Rechberger , David Volek
    Location:
    Czech Republic
    Firm:
    Taylor Wessing
    Preventive restructuring finally arrives in the Czech Republic—and it may affect you more than you realise
    2023-09-08

    After more than two years of delay, preventive restructuring has finally become available to companies in financial difficulties in the Czech Republic. Czech companies can now seek to restructure their troubled businesses outside formal insolvency proceedings with the help of new rules specifically designed to keep their viable business operating and to prevent insolvency.

    Filed under:
    Czech Republic, Insolvency & Restructuring, CMS Cameron McKenna Nabarro Olswang LLP, Insolvency
    Authors:
    Lukáš Valúšek
    Location:
    Czech Republic
    Firm:
    CMS Cameron McKenna Nabarro Olswang LLP
    Czech Republic’s New Act on Preventive Restructuring: Game-Changer in Creditor-Debtor Relationships
    2024-01-18

    On 23 September 2023, the new Act on Preventive Restructuring (284/2003 Coll.) entered into effect in the Czech Republic (the “Czech Preventive Restructuring Act”), incorporating the EU Directive 2019/1023 on preventive restructuring frameworks in the Czech legal environment.

    Filed under:
    Czech Republic, Insolvency & Restructuring, Litigation, Squire Patton Boggs
    Location:
    Czech Republic
    Firm:
    Squire Patton Boggs
    Czech Republic: LegalBites | 17 October 2023
    2023-10-17

    In brief

    A selection of newly announced legislation and court decisions reinterpreting private law.

    Draft law on preventive restructuring

    Filed under:
    Czech Republic, Insolvency & Restructuring, Litigation, Baker McKenzie, Articles of association, Supreme Court of the United States
    Authors:
    Martin Hrodek
    Location:
    Czech Republic
    Firm:
    Baker McKenzie
    Favourable changes on the horizon for debtors in the Czech Republic
    2023-09-06

    A proposed amendment to the Insolvency Act, has been approved by the government and is currently under discussion in the Czech Parliament. It is expected to significantly alleviate the situation for debtors seeking debt relief. The previous government had intended to introduce similar changes; however, the legislative process was halted by the end of its term.

    Current position

    Currently, debtors can achieve debt relief only after 5 years of "good conduct", unless they:

    Filed under:
    Czech Republic, Insolvency & Restructuring, Taylor Wessing
    Authors:
    David Volek , Thomas Rechberger
    Location:
    Czech Republic
    Firm:
    Taylor Wessing

    Pagination

    • First page « First
    • Previous page ‹‹
    • …
    • Page 7
    • Page 8
    • Page 9
    • Page 10
    • Current page 11
    • Page 12
    • Page 13
    • Page 14
    • Page 15
    • Next page ››
    • Last page Last »
    Home

    Quick Links

    • US Law
    • Headlines
    • Firm Articles
    • Board Committee
    • Member Committee
    • Join
    • Contact Us

    Resources

    • ABI Committee Articles
    • ABI Journal Articles
    • Conferences & Webinars
    • Covid-19
    • Newsletters
    • Publications

    Regions

    • Africa
    • Asia Pacific
    • Europe
    • North Africa/Middle East
    • North America
    • South America

    © 2025 Global Insolvency, All Rights Reserved

    Joining the American Bankruptcy Institute as an international member will provide you with the following benefits at a discounted price:

    • Full access to the Global Insolvency website, containing the latest worldwide insolvency news, a variety of useful information on US Bankruptcy law including Chapter 15, thousands of articles from leading experts and conference materials.
    • The resources of the diverse community of United States bankruptcy professionals who share common business and educational goals.
    • A central resource for networking, as well as insolvency research and education (articles, newsletters, publications, ABI Journal articles, and access to recorded conference presentation and webinars).

    Join now or Try us out for 30 days