The preservation of bankrupt businesses; experiences from the Czech Republic
This work analyses the development of insolvency law in the Czech Republic since 2008, when the Insolvency Act came into effect. On the basis of statistic data on insolvency proceedings, it finds that at least one goal towards which the legislation was aimed has not been achieved – the support of financial rehabilitation procedures when settling the bankruptcy of a debtor. As regards such criteria as average duration of insolvency proceedings or yield for creditors, the situation has substantially improved, but remains worse than what is average in OECD countries. Based on analyses of the course of insolvency proceedings the author deduces future potential and suggests certain procedures which could be used to achieve substantially more interesting results from debtor bankruptcies for both secured and non-secured creditors.
[-- 5_famalicao-2012.pdf --]
[-- 5_famalicao-2013.pdf --]
-
European integration is not a priori positive or negati... -
The crisis of 2008 to 2010 destroyed the dreams of many... -
Most of the books concerning mergers and acquisitions o...
mail me
smrckal@vse.cz
skype me
skype: lubossmrcka
Created and designed by Pixel Design | CMS Pixel Admin | SEO and marketing