On 17 April 2020, the Senate approved a draft law aiming to mitigate the impact of the COVID-19 pandemic on persons involved in various legal proceedings (known in Czech as the Lex Covid). As we have informed you before, the new Act significantly improves the position of debtors affected by the pandemic in insolvency proceedings and also simplifies the functioning of corporate bodies during the pandemic. Major relief is also granted to all debtors, who may go into payment default due to the measures adopted in connection with the COVID-19 pandemic.
September 2016 CMS_LawTax_Negative_28-100.eps Enforcing Security over Real Estate and Shares across Europe 2 | Enforcing Security over Real Estate and Shares across Europe 3 Introduction 4 Albania 5 Austria 6 Belgium 7 Bulgaria 8 Czech Republic 9 England and Wales 10 France 11 Germany 12 Hungary 13 Italy 14 Luxembourg 15 Montenegro 16 Netherlands 17 Poland 18 Portugal 19 Romania 20 Russia 21 Scotland 22 Serbia 23 Slovakia 24 Slovenia 25 Spain 26 Turkey 27 Ukraine 28 Contacts Contents 19 practice and sector groups working across offices Ranked 2nd most global law firm in the Am Law 2015 Glob
As the Novel coronavirus (COVID-19) pandemic continues to spread across the globe, people and businesses are facing unprecedented challenges, both immediate and strategic. Governments in various jurisdictions have announced various measures to try to alleviate the distress caused by the numerous issues that have arisen and continue to arise, particularly around cashflow and employees.
Preventive Restructuring
Status as of 16/09
Table of Content
Dne 24. 4. 2020 došlo k nabytí účinnosti zákona č. 191/2020 Sb., o některých opatřeních ke zmírnění dopadů epidemie koronaviru SARS CoV-2 na osoby účastnící se soudního řízení, poškozené, oběti trestných činů a právnické osoby a o změně insolvenčního zákona a občanského soudního řádu (dále jen „zákon“). Přijatý zákon reaguje na potřebu některých změn v insolvenčním, exekučním a procesním právu, s cílem reagovat na mimořádná opatření přijímaná pro zamezení rozšíření nákazy epidemie SARS CoV-2, která mohou mít ničivé dopady na řadu podnikatelských subjektů.
WHAT DUTY?
WHAT DOES IT MEAN?
WHEN DOES IT APPLY?
Maintenance of solvency Management of business risks
In brief
Restructurings, especially those involving multiple jurisdictions, are invariably complex matters. This CMS Expert Guide provides an overview of the various restructuring possibilities available in a large number of countries, allowing you to compare how the options are deployed in these jurisdictions.
We intend to update it periodically to reflect important changes as they happen.
If you need more information or have any questions, please do not hesitate to contact us.
ALBANIA AUSTRIA BOSNIA & HERZEGOVINA BULGARIA CROATIA CZECH REPUBLIC HUNGARY POLAND ROMANIA SERBIA SLOVAK REPUBLIC SLOVENIA UKRAINE 1 TO OUR READERS Welcome to the 6th edition of the DRInsider, the quarterly Newsletter of the Wolf Theiss Dispute Resolution Practice Group. We are happy to once again provide you with interesting news covering the various CEE/SEE jurisdictions in which we practice.