Restructuring and insolvency

Restructuring and insolvency

Key contacts

Jaroslav Havel
Managing Partner
jaroslav.havel@havelpartners.cz

Dušan Sedláček
Partner
dusan.sedlacek@havelpartners.cz

Ondřej Majer
Partner
ondrej.majer@havelpartners.cz

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.

Publications and newsletters

Slovakia: When and how to address a financial crisis in a company as a preventive measure
Authors: Ondřej Majer, Juraj Dubovský, Lenka Ostró The current economic situation in the mar… read more »

End of extraordinary protection of debtors’ management members - restoration of the obligation to file a timely insolvency petition
Authors: Dušan Sedláček, Jan Králíček In response to the crisis caused by the COVID-19 disease e… read more »

Extraordinary changes to the Insolvency Act, alias Lex Covid Justice II, providing further assistance to businesses in crisis
Authors: Dušan Sedláček, Jan Králíček Initially, Act No. 191/2020 Coll., also known as Lex Covid… read more »

Extraordinary changes to the Insolvency Act and Lex Covid as a helping hand in a time of crisis
The current crisis caused by the SARS CoV-2 virus can be seen as a very abnormal situation. Measure… read more »

Press releases

HAVEL & PARTNERS’ team joined by Petr Dohnal as counsel
HAVEL & PARTNERS M&A practice group, the largest and most experienced of its kind in Centra… read more »

Attorneys Jan Králíček and Vojtěch Šváb are strengthening a new, unique HAVEL & PARTNERS’ team specialising in financing, restructuring and insolvency
In response to the economic effects of the crisis and the serious financial problems of many compan… read more »

HAVEL & PARTNERS forms a unique financing, restructuring and insolvency team in response to the economic aftermath of the crisis
HAVEL & PARTNERS, the largest and most successful Czech-Slovak law firm, reacts to the current … read more »

Dušan Sedláček is a co-author of Transformace a restrukturalizace, a brand new book from C. H. Beck Publishing
In March of this year, C. H. Beck Publishing has published a new book called Transformace … read more »

Articles and Interviews

Ground-breaking Czech Supreme Court decision on balance-sheet insolvency
The definition of insolvency is a key element of the insolvency law. It opens the gate for tools th… read more »

Czech Republic - Restructuring under the Directive proposal - an opportunity or a threat?
Authors: Petr Sprinz, Petr ChytilSource: Lexology Intensive debate is currently under way in EU … read more »

Partners

Counsel

Of Counsel

Managing Associates

Senior Associates

Associates

Legal experts