Ivan Chalupa

Subscribe to all posts by Ivan Chalupa

Czech Republic’s New Act on Preventive Restructuring: Game-Changer in Creditor-Debtor Relationships

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.  This legislation has been designed to enable debtors in financial difficulties to continue business by changing the … Continue Reading
LexBlog