Services

We have long been involved in the most significant insolvency proceedings conducted before Czech and Slovak courts and provide comprehensive legal advice to Czech, Slovak and international creditors, debtors, and insolvency practitioners. In addition to insolvency proceedings, we also provide legal advice in the area of out-of-court and preventive restructurings.

Our approach is based not only on deep knowledge of the legal framework but also on many years of practical experience and a detailed understanding of the Czech and Slovak insolvency environment.

We have an exceptional track record of representing clients in the largest and most complex insolvency proceedings in the Czech Republic and Slovakia and are a long-standing first choice for insolvency practitioners and creditors’ committees. We have been involved, among others, in insolvency proceedings of companies such as SAZKA, ECM, Bestsport, Česká pošta, OKD, VÍTKOVICE POWER ENGINEERING, MODŘANY Power, ČKD PRAHA DIZ, OLEO CHEMICAL, PILSEN STEEL, Czech Airlines, Sberbank CZ, and VITRABLOK, and we continue to be involved in many ongoing proceedings. Our participation in these key cases confirms our leading position on the Czech insolvency market.

Our clients also value our experience with cross-border insolvencies and restructurings, our ability to handle legally and factually complex situations, and our individual approach to cases that are often unique, for example in terms of their scale or the composition of the insolvency estate, the legal or factual position of creditors, or the unique legal issues that must be resolved within the proceedings.

Legal services for creditors

We provide creditors with comprehensive legal support, in particular:

• preparation and filing of insolvency petitions,
• lodging of claims, including secured claims,
• representation in creditors’ bodies,
• advice on enforcement of security and exercising the rights of secured creditors,
• advice on providing new financing to debtors undergoing insolvency proceedings or preventive restructuring,
• assessment of voidable transactions and recovery of assets into the insolvency estate.
  

Legal services for debtors

We provide debtors with legal advice, in particular:

• defense against abusive insolvency petitions,
• preparation of debtor insolvency petitions,
• preparation of applications for moratoria or reorganization,
• preparation of reorganization plans, including so-called pre-packaged reorganizations,
• preparation of proposals, recovery projects, and restructuring plans under the Act on Preventive Restructuring,
• management of the business and handling of assets in compliance with the Insolvency Act or the Act on Preventive Restructuring.

We also advise members of statutory bodies of debtors on issues of their personal liability in connection with insolvency or threatened insolvency of the company they manage.

We provide insolvency practitioners with comprehensive legal support in connection with insolvency proceedings—from analysis of disputed issues and preparation of ad hoc legal opinions, through representation in key disputes and in the process of monetizing the insolvency estate, to detailed advisory services including review and preparation of key documents arising throughout the insolvency proceedings.

We represent debtors, creditors, and insolvency practitioners in incidental disputes, in particular disputes concerning the determination of the validity and amount of claims, exclusion of assets from the insolvency estate, and determination of the ineffectiveness of legal acts.