Arthur Braun and David Vosol of bpv Braun Partners provide a comprehensive practical guide to insolvency in the Czech Republic
25.04.2013Company: bpv Braun Partners s.r.o. advokáti
Foreign investors may be affected by Czech insolvency laws in many different ways: as secured creditors, unsecured creditors, business partners, shareholders or, last but not least, potential buyers of real estate.
They must be aware of the fact that Czech insolvency laws were completely re-codified in a new Insolvency Code (Act no. 182/2006 Coll.) which has been in effect since 2008. In its short existence, the Code has already had to cope with the financial crisis as a significant stress test of the new legislation. First experiences with the law have led to several amendments.
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