Home / Publications / Changes in securing bank guarantees in Czech insolvency:...

Changes in securing bank guarantees in Czech insolvency: addressing the Elma-Therm case

27/04/2017

The recent Amendment on the Czech Insolvency Act (the “Amendment”) enters into force on 1 July 2017. The Amendment states that a creditor is entitled to be satisfied from its security even when its contingent or future claim (such as bank guarantee) becomes...

Read more

Authors

Portrait ofLukas Valusek
Lukas Valusek
Counsel
Prague
Pavla Křečková