Restructuring/Insolvency
Europe Guide 2024 : Czech Republic
Band 3
Email address
[email protected]Contact number
+420 224 401 440About
Provided by Glatzová & Co
Glatzova & Co. has broad experience with virtually all kinds of practical approaches to restructuring and insolvency proceedings, e.g.:
- We advised a debtor in one of the fastest reorganization processes in the Czech Republic and participated in preparing the reorganization plan that gained the support of the vast majority of creditors (KARA Trutnov). In 2022 alone, we prepared three other reorganization plans.
- We also advised debtors on out of court (informal) restructurings and divestments processes, resulting in a 100 % recovery of the creditors’ claims (including claims of banking creditors). One such out of court restructuring was in the real estate sector (Golden office) and another was in the heavy industry sector (which is heavily impacted by the war in Ukraine) (the client does not want to be named due to the pending process).
- We represented a group of entities in incidental proceedings on contesting actions (actio pauliana) against the insolvency trustee of the debtor (Arca Investments’ insolvency).
- In the past year, we also advised our clients in connection with restructuring of banking/private equity debts attributable to the COVID 19 pandemic situation and related state aid as well as in connection with the energy crisis.
- We have actively participated in almost all major insolvency proceedings in the Czech Republic in the past 10 years, including OKD, Vítkovice Power Engineering, Vítkovice Gearworks, Mladá fronta, PSJ, and NWT.
Chambers Review
Glatzová & Co is a well-regarded domestic practice capable of advising a range of cross-sector clients on restructuring and insolvency cases, acting for both creditors and debtors. Complemented by its experienced dispute resolution team, the team advises on significant insolvency litigation matters, with experience representing clients in the Czech Constitutional Court. The practice is also active in cross-border mandates.
Strengths
Provided by Chambers
"Each one of the lawyers at Glatzová & Co has the skills and abilities to lead the insolvency department of a big law firm."
"Glatzová & Co consistently employs a language accessible to non-lawyers, ensuring comprehensive communication and thorough discussion of all its findings with us."
"Glatzová & Co offers the services in a short time and always within the agreed period."
"They are always aware that their work must be in symbiosis with their client's business. "
"Each one of the lawyers at Glatzová & Co has the skills and abilities to lead the insolvency department of a big law firm."
"Glatzová & Co consistently employs a language accessible to non-lawyers, ensuring comprehensive communication and thorough discussion of all its findings with us."
"Glatzová & Co offers the services in a short time and always within the agreed period."
"They are always aware that their work must be in symbiosis with their client's business. "
Notable Practitioners
Martin Dančišin is especially well placed to advise creditors in complex restructuring and insolvency proceedings, alongside other creditors and debtors.
"Martin is widely recognised for his expertise in insolvency and restructuring. He delivers in-depth analyses of complex restructuring scenarios and devises innovative solutions to address challenges."
"Martin has a wealth of experience, in-depth knowledge of the insolvency and reorganisation sector, and a great sense for finding the best solution for the client."