Restructuring and insolvency

Service Description
Awards AnD Media

Our specialised team of insolvency & restructuring experts is among the largest in the Czech Republic. We are able to tailor it to the needs of individual cases and apply the experience of other experts in our company, if the circumstances of a particular case require so. That enables our law firm to guarantee premium quality legal services in court as well as out-of-court solutions for insolvency and pre-insolvency issues.

  • Our direct representation in the Czech Republic and in Slovakia as well as our international network of long-term cooperating legal firms enable us to address comprehensive cases with international elements.
  • We have acquired extensive experience from cooperating with the widest network of corporate and private clients in the Czech Republic and Slovakia, which is complemented by the long-term stability of the entire team.
  • Our detailed knowledge of the judicial environment enables us to always adapt our procedures to individual cases.
  • Our team has continuously ranked among the most recommended law firms in the Restructuring & Insolvency category of the Law Firm of the Year award.
  • Our lawyers regularly lecture and publish articles on insolvency law and take part in discussions on amendments to various regulations, e.g. at the Czech Bar Association, Turnaround Management Association ČR, INSOL Europe and the Centre for Restructuring and Insolvency of Harry Pollak at the University of Economics, Prague.

Representing in insolvency proceedings and related cases

We have represented financial institutions and other players in all major recent insolvency proceedings. We lodge claims in insolvency proceedings on behalf of our clients, we represent them in creditor bodies, we negotiate and draft reorganisation schemes, we ensure efficient supervision over the activities of insolvency trustees and we manage and liquidate acquired assets, among other things.

We also represent our clients in cases related to insolvency proceedings, namely in proceedings on respondents’ actions, on the withdrawal of assets from the estate or on protection against ungrounded insolvency petitions. We also provide regular advisory on matters relating to the duty of members of the board of directors to proceed with due managerial care and to file a timely insolvency petition, and also on related matters regarding the compensation of possible damage.

Restructuring of financial indebtedness and entities in difficulties

We have wide experience with providing legal services in the field of informal restructuring both on the side of creditors and debtors. We primarily draft informal financial exposure restructuring schemes together with professional consultants, and we protect our clients from legal risks related to the avoidance of potential bankruptcy.

Authors: Ondřej Majer, Juraj Dubovský, Lenka Ostró The current economic situation in the market entails many pitfalls for many entrepreneurs, who often have to reach the bottom of their financial reserves in order to survive the adverse period. What are the solutions to avoid insolvency and what if insolvency has already occurred? When and how […]
Authors: Dušan Sedláček, Jan Králíček In response to the crisis caused by the COVID-19 disease epidemic, the so-called Lex Covid Justice was enacted, followed by Lex Covid Justice II, which introduced a number of significant changes, including in the field of insolvency law. We have discussed these laws in detail in previous articles available here […]
Authors: Dušan Sedláček, Jan Králíček Initially, Act No. 191/2020 Coll., also known as Lex Covid Justice, responded to the crisis caused by the SARS CoV-2 virus. The Act caused a number of significant changes in the field of insolvency law. We published a basic overview of information on this law in our article of 1 […]
HAVEL & PARTNERS M&A practice group, the largest and most experienced of its kind in Central Europe, has been joined by Petr Dohnal, attorney-at-law, as counsel. His primary responsibility will be to advise clients on acquisitions and restructuring projects. The firm has thus further strengthened its comprehensive services to companies facing economic difficulties in connection […]
In response to the economic effects of the crisis and the serious financial problems of many companies, HAVEL & PARTNERS, the largest and most successful Czech-Slovak law firm, is creating a unique team of specialists, which has also been extended to include experienced lawyers Jan Králíček and Vojtěch Šváb since this September. Together with the […]
HAVEL & PARTNERS, the largest and most successful Czech-Slovak law firm, reacts to the current plunge of the Czech economy that has caused severe financial difficulties for a number of companies. The firm has merged a team of finance and banking experts with a team specialising in restructuring and insolvencies. The largest professional team of […]
The current crisis caused by the SARS CoV-2 virus can be seen as a very abnormal situation. Measures adopted to prevent acceleration of the infection spreading may even have a devastating impact on a number of companies that are healthy in normal circumstances. The main problem to be faced by many entrepreneurs within a relatively […]
The definition of insolvency is a key element of the insolvency law. It opens the gate for tools that enable creditors to safeguard their rights vis-à-vis their debtors. Last week, the Czech Supreme Court published a ground-breaking decision which addresses a crucial aspect of balance-sheet insolvency. Many other issues, however, still remain unresolved. Definition of […]
In March of this year, C. H. Beck Publishing has published a new book called Transformace a restrukturalizace podniku. Its co-author is Dušan Sedláček, partner at HAVEL & PARTNERS and insolvency proceedings and corporate restructurings expert.    The publication, edited by economist Jaroslav Schönfeld and contributed by insolvency administrator Lee Loud and economists Luboš Smrčka and Michal Kuděj, […]
Authors: Petr Sprinz, Petr ChytilSource: Lexology Intensive debate is currently under way in EU bodies on the proposal for a directive that could have a substantial impact on insolvency proceedings and the restructuring process in individual EU Member States. The proposal No. 2016/0359/COD[1] (“Proposal”) submitted by the European Commission envisages, among other things, the establishment of a […]
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