In May 2015, the Czech Ministry of Justice submitted draft amendment to the Insolvency Act for internal commentary procedure. AmCham represented by members' expert group published a position paper with comments to the ministerial proposal. The document in Czech is available here. In March, AmCham also published and submitted to the Ministry of Justice and the Government their Position Paper on Insolvency Proceedings. The document in Czech is available here.
The Economic Chamber of the Czech Republic stated in their press release on 17 June 2015 that the draft amendment does not address the issue of "insolvency mafia". Read more.
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