Half a year after the expiry of the deadline for the implementation of the EU Restructuring Directive 2019/1023, the Czech cabinet approved a Preventive Restructuring Bill, which aims to implement the Directive into Czech law. It will be useful to watch the further legislative process, not least because the Bill proposes that Czech preventive restructuring ought not affect financial claims, as one might expect, but the creditors‘ and shareholders‘ „proprietary and non-proprietary rights.“  

Author: Tomáš Richter

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