Meet the team

Restructuring and Insolvency

Deloitte Legal

Prague, Czech Republic
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Team Services

Our Restructuring and Insolvency team consists of a number of qualified attorneys-at-law, some of whom have nearly 20 years of experience in the field and have worked for several leading law firms in the Czech market during their careers. The Restructuring and Insolvency team is led by Partner Petr Suchý, supported by Senior Attorney-at-Law Michal Buchta. All members of the team have extensive experience with numerous major transactions and insolvency proceedings in the Czech market and the CE region.

Are you considering investing in distressed assets? Are you interested in securing financing during a reorganisation? Do you prefer a non-insolvency (voluntary) restructuring? Or perhaps you need representation in pure insolvency proceedings? Whatever the task, our experienced team is ready to assist you!

How we can help you:

SOLVENCY DIAGNOSIS

In order to identify the correct way to save your business, we conduct a financial and legal due diligence of your company to the extent necessary. We focus on whether your company is in danger of meeting the statutory definition of bankruptcy and should file for insolvency, or whether it is still outside the scope of the Insolvency Act and there is room for your intended or otherwise appropriate operations. In the event of late filing for insolvency, the personal liability of the members of the statutory body applies, which should be avoided as far as possible. Performing a Solvency Diagnosis will clarify these issues and identify the steps that need to be taken to save your business. You will be confident that your actions will lead in the right direction and that you will not be haunted by personal liability. From a time perspective, it is always necessary to act immediately, as the window of opportunity to take the necessary action closes very quickly in these cases. Many traditional law firms are unable to offer a Solvency Diagnosis because this service requires a thorough cash flow analysis and economic interpretation. For this reason, we offer an integrated solution consisting of a unique collaboration between our team and financial advisors from Deloitte Advisory.

VOLUNTARY RESTRUCTURING

After completing the Solvency Diagnosis, we can offer you our assistance in the Voluntary Restructuring, based on which you will find out how, and especially where, it is possible to save money, how to restructure your company appropriately, or how to monetise non-core assets to increase liquidity. This could be the sale of your chosen assets, the entry of a strategic investor who invests in your company in exchange for an agreed share, or the creation of a joint venture. By working closely with our colleagues from Deloitte Advisory, we are able to identify and introduce suitable strategic investors to you.

ASSISTANCE DURING REORGANISATION IN INSOLVENCY PROCEEDINGS

If, after the Solvency Diagnosis, it is clear that your company is facing an insolvency situation, or if this is imminent, we are ready to assist you in preparing a reorganisation plan and negotiating sufficient support for this plan from creditors to obtain approval for a pre-packaged reorganisation. We develop this plan in cooperation with our colleagues at Deloitte Advisory, resulting in a product that combines legal and financial expertise that traditional law firms are rarely able to provide. As part of the insolvency proceedings, we guide the debtor through the reorganisation process until they are released from their previous debts while maintaining their business as far as possible.

INVESTMENT IN DISTRESSED ASSETS

Investing in distressed assets can be an interesting opportunity to expand your current investment portfolio, often at very attractive terms. We are ready to assist you in identifying and analysing the investment plan, negotiating the terms of a possible buyout of claims from creditors, or negotiating the terms of a transaction with representatives of a company in financial difficulties. In this area, we also work with our colleagues at Deloitte Advisory, who will identify investment opportunities for you and determine an appropriate strategy for the process. Our experienced attorneys-at-law then use this information to negotiate the terms of entry into the target company, obtaining the highest return on investments for their clients.

REPRESENTATION OF A CREDITOR IN INSOLVENCY PROCEEDINGS

If you are a creditor and you want to ensure maximum satisfaction of your claim from the debtor in bankruptcy, we will help you to file your claim, exercise all your rights related to this claim, and choose the most appropriate strategy within the insolvency proceedings so that the satisfaction of your claim is as high as possible.