6th April 2020

Coronavirus: First aid measures in Czech insolvency law

Several of the measures proposed in the bill specifically concern corporate insolvency proceedings. These measures are exceptional not only in their contents but also as regards the timeline within which the bill has been prepared and is expected to be approved by Parliament and enter into force.

The current assumption is that the bill will become law and take effect almost immediately after Parliament is able to discuss it. The bill's impact could therefore be imminent. This article briefly outlines the proposed measures, mainly from the perspective of the debt and other financial markets.

Read the full briefing here.

Members of the American Chamber of Commerce in the Czech Republic