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Restructuring, Business Transformation & Insolvency

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CMS can help you with restructuring, insolvency and transforming your business. Whether caused by rapid technological developments, consumer preferences, increased success of competitors, tightening of regulation or an overall economic downturn. When businesses experience decreasing revenue and profits it is better to act sooner rather than later. CMS has lawyers based in the Czech Republic to help businesses to reduce risk and make the most of business opportunities both within the Czech Republic and across the world.

Business transformation

Business transformation may help you in keeping pace with the latest trends and developments in your sector and allow you to maintain or improve your market position. The ability to react quickly and to be flexible in incorporating changes to how your company operates has never been more imperative. 

Restructuring and protecting your business

You may consider a wide variety of measures to strengthen your (financial) position and protect yourself from the adverse effects of business related issues. Our teams at CMS can help you assess your options navigate through the legal challenges related to them, be it debt restructuring, corporate optimisation (including the sale of assets), change of business model, employment reorganisation or the review of the agreements with your suppliers and creditors. 

Insolvency

In cases where insolvency is imminent, we also provide support during insolvency itself, benefitting from the experience gained by our insolvency specialists as court-appointed insolvency administrators across the region. Our experience spans all types of corporate restructurings as well as advising debtors and creditors through insolvency proceedings. We also support private equity houses and funds on sales and acquisitions of businesses and non-performing loan portfolios, supporting their investment strategies.

CMS in the Czech Republic

CMS in Prague is extremely well positioned to handle your restructuring and insolvency matters in the Czech Republic. With a team of 42 dedicated partners and lawyers across corporate, finance, commercial, employment, disputes and real estate practices, we are one of the leading international law firms on the market. Contact our team in the Czech Republic to see how we can help you optimise your business model and stay at the forefront of competition today.

Ex­pert Guide to Sta­bil­isa­tion and Re­struc­tur­ing
Czech Re­pub­lic
Ex­pert Guide to Re­struc­tur­ing Pos­sib­il­it­ies in Europe - Czech Re­pub­lic

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07/03/2022
EU and UK Sanc­tions against Rus­sia: a fo­cus on the Fin­an­cial Sec­tor
In re­cent days the EU and the UK have ad­op­ted and ex­pan­ded a num­ber of  sanc­tions meas­ures against Rus­si­an and Be­larus­i­an in­di­vidu­als and com­pan­ies. This art­icle fo­cuses on re­strict­ive meas­ures dir­ec­ted...
01/06/2021
Some leaks can­'t be fixed
“Con­fid­en­tial in­form­a­tion is like an ice cube... give it to the party who has no re­fri­ger­at­or or will not agree to keep it in one, and by the time of the tri­al you have just a pool of wa­ter.” This...
05/10/2020
Re­struc­tur­ing and in­solv­ency law in the Czech Re­pub­lic
1. What is the primary le­gis­la­tion gov­ern­ing in­solv­ency and re­struc­tur­ing pro­ceed­ings in your jur­is­dic­tion? The Czech In­solv­ency Act (no. 182/2006 Coll.) and the European Reg­u­la­tion on In­solv­ency Pro­ceed­ings...
Comparable
28/06/2019
New rules on the dis­charge of debt pro­cess and their im­pact on NPL trans­ac­tions
Politi­cians and the me­dia alike have lauded the new amend­ment to the in­solv­ency act as the Czech Re­pub­lic’s law of the year 2019. This is primar­ily be­cause the new rules give new hope to many in­di­vidu­als...
28/06/2019
Keep­ing an in­solv­ent debt­or op­er­a­tion­al through tolling fin­ance
The Czech In­solv­ency Act stip­u­lates cer­tain con­di­tions un­der which a debt­or who is sub­ject to the in­solv­ency pro­ceed­ings (the “In­solv­ent Debt­or”) can re­ceive new fin­an­cing in an at­tempt to over­come...
28/06/2019
EU Dir­ect­ive on Pre­vent­ive Re­struc­tur­ing: A miss­ing piece of the puzzle...
On 6 June 2019, the Coun­cil ap­proved the European Par­lia­ment’s pro­pos­al for a Dir­ect­ive on pre­vent­ive re­struc­tur­ing frame­works, second chance and meas­ures to in­crease the ef­fi­ciency of re­struc­tur­ing...