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2 hodiny bezplatné konzultace: Máte dotazy a rádi byste se nezávazně poradili? Domluvte si s námi schůzku. Mnozí před Vámi to již učinili. Spojte se s námi na emailové adrese tbenesova(a)ceag.cz
29.01.2010
detailInsolvency business workshop: DID YOU KNOW THAT A CREDITOR CAN BRING ABOUT HIS OWN BANKRUPTCY BY REGISTERING A CLAIM AGAINST HIS DEBTOR?
CEAG announces an insolvency business workshop held at 10 o’clock on 2 March 2010 DID YOU KNOW THAT A CREDITOR CAN BRING ABOUT HIS OWN BANKRUPTCY BY REGISTERING ... 27.01.2010Business Breakfast: NewConnect
CEAG and NewConnect Warsaw will host a business breakfast on 19 February 2010 at 11 am, with a presentation of NewConnect, a new financial platform of ... 21.01.2010Business Breakfast: Selling a Firm Facing Bankruptcy
Due to the strong interest shown in the recent business breakfast series organized by CEAG, we are pleased to announce another event to be held on ... 21.12.2009The insolvency law gives an advantage to those who take steps to remedy their payment inabilities responsibly and in time
Breakfast: "Selling a firm in impending bankruptcy" On 17 December 2009, another working breakfast on the problematics of insolvency took place at CEAG, addressing the theme of ... 18.12.2009Special insolvency administration examination on the bankruptcy of financial institutions
It is our pleasure to inform our Clients and Friends that our colleague JUDr. Pavel Kolesár, who heads CEAG’s Procedural and Insolvency Law section, on Wednesday ...detail aktuality
Business Breakfast: Selling a Firm Facing Bankruptcy
Due to the strong interest shown in the recent business breakfast series organized by CEAG, we are pleased to announce another event to be held on 10 February 2010, at 10 am, at the offices of CEAG, Betlémská 1, Prague 1.
For registration, please contact Tereza Benešová at tbenesova(a)ceag.cz.
SELLING A FIRM FACING BANKRUPTCY
Moderated
(from the transactional point of view)
by Mgr. Jitka Smith, J.D., and
(from the perspective of insolvency law)
by JUDr. Pavel Kolesár
One of the most popular questions in the market today is how can a company be rescued when signals first appear of its impending bankruptcy. Many companies react to their problems far too late, taking the threat of failure seriously only when the chance of avoiding it is slim to none. This fundamental mistake can lead to bankruptcy proceedings being declared against a company which could have otherwise remained in business—if it had taken the right steps at the right time—and all as a result of underestimating the dangers posed under Czech insolvency law.
Depending on the circumstances, addressing a potential financial or strategic investor can be one of the solutions for a company facing bankruptcy. However, any investor willing to enter the company would do so only when it is possible to achieve its healthy recovery and further expand of its commercial activity. This type of investor would be interested in a firm that falls into his strategic portfolio of companies or one that complements the enterprises in which he has already invested and gives him the chance to expand into new markets. In this situation, an investor would be willing to accept the challenges should success be possible, even when there is a high level of risk.
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