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Significant amendments to Czech Insolvency Act

21/04/2017

The new Amendment on the Czech Insolvency Act (the “Amendment”) will enter into force on 1 July 2017. The Amendment introduces a “liquidity gap” test, which will be used when a debtor (entrepreneur) needs to determine whether it is considered insolvent...

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Authors

Portrait ofTomáš Matĕjovský
Tomáš Matĕjovský
Partner
Prague
Portrait ofLukas Valusek
Lukas Valusek
Counsel
Prague
Pavla Křečková
Monika Marekova
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