Examples of Czech Insolvency Act in a sentence
Each Covered Bond will bear the designation "hypoteční zástavní list" to be recognised as a mortgage covered bond under the Czech Bonds Act, CNB Measure and the Czech Insolvency Act.
The prevailing framework was seen as being cumbersome, suffering from conflicting interpretations by the courts, and lacking in flexibility, especially with regard to the possibility of restructuring debtors’ businesses.108 The main reform to the insolvency regime took place in 2008, with the entry into force on 1 January of the Czech Insolvency Act (hereafter the “Act”).
Therefore, already valid laws, in particular the Czech Insolvency Act, must be adjusted accordingly as well.
The same conclusion can subsequently be drawn with regard to the last general rule, Section 242 of the Czech Insolvency Act, which also expressly mentions the acts of the debtor.
A special legal regulation of voidability is then contained in the Czech Insolvency Act, specifically in Sections 235 through 242The purpose of the special legal regulation of voidability in insolvency proceedings is retrospective protection of property.
On- line insolvency register, introduced by the new Czech Insolvency Act, where all reorganization plans (and other documents produced in the course of proceedings) must be obligatorily published, can serve as a guide for such intervention.
Kavan, ‘Kompenzace pohledávek v českém právu’ (2016) (PhD thesis on file at PF UP Olomouc, Czech Republic) at 76.Within the insolvency proceedings, the set-off is regulated in Section 140 of the Czech Insolvency Act.
Chapter 2 continues with outlining the core values of the Czech Insolvency Act and defines it in the international context.
Therefore members need be less concerned about experiencing losses in their retirement savings were retirement, resignation, etc.
Chapters 4 and 5, ultimately the core of the thesis, constitute mainly of procedural description of the insolvency proceedings of Crystalex, with the aim to pin point and analyze the key aspects of the resolution under the Czech Insolvency Act, accompanied by recommendations for eventual legislative changes.