We are among the pioneers of international bankruptcies in the Czech Republic and Slovakia. Our corporate, labor and banking law experts advise companies, insolvency administrators, managers and banks on cross-border reorganizations, restructurings and insolvency proceedings. Their unique experience with strategic and practical advice enables companies to continue to run or to be effectively transferred, secures investments and helps creditors to enforce their claims.
We are among the pioneers of international bankruptcies in the Czech Republic and Slovakia. Our corporate, labor and banking law experts advise companies, insolvency administrators, managers and banks on cross-border reorganizations, restructurings and insolvency proceedings. Their unique experience with strategic and practical advice enables companies to continue to run or to be effectively transferred, secures investments and helps creditors to enforce their claims.
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Judicial Protection and Fair Trial
An appeal is considered to be timely if it was filed after the expiry of the 15-day period it the appellant followed the incorrect instructions of the court on the appeal. This is the case, if the decision does not contain any indication of the appeal, the time limit for appeal, the court before which the appeal is to be lodged, or if it contains an incorrect indication that the appeal is not admissible in these cases, an appeal may be lodged within three months.
New Regulation of Beneficiary Owners
The new Czech law on the registration of beneficial owners had to be substantially amended just about a year after its adoption. This was due to pressure from the European Commission, which criticized some parts of the Czech legislation for being inconsistent with the regulation and objectives of the European Anti-Money-Laundry (AML) Directive.