Czech insolvency law provides multiple options for resolving corporate insolvency. Alongside liquidation and reorganisation—which aim to wind down or rehabilitate a business—the law also offers preventive restructuring tools. These early intervention mechanisms allow a company to address temporary financial difficulties without initiating formal insolvency proceedings.
Freshfields Advises Traton on R&D Integration
Freshfields has advised Traton on the implementation of a new joint group R&D organization across its brands Scania, MAN, International, and Volkswagen Truck & Bus.
Tuca Zbarcea & Asociatii Successfully Defends Bucharest Municipal Football Association Against Dissolution
Tuca Zbarcea & Asociatii has secured the admission of a revision against a final judgment ordering the dissolution of the Bucharest Municipal Football Association, as well as the definitive rejection of the applications for dissolution of the association.
Pohla & Hallmagi Successfully Represents Rein Valk and Luite Arendus Before Supreme Court
Pohla & Hallmagi has successfully represented Rein Valk and Luite Arendus OU before the Civil Chamber of the Supreme Court of Estonia against Harju Infra OU in a case concerning limitation periods applicable to claims between companies and shareholders.
Jelena Papic and Bojan Jankovic Make Partner at Mihaj, Ilic & Milanovic
Mihaj, Ilic & Milanovic has promoted Jelena Papic and Bojan Jankovic to Partner.
A Wave of Major Insolvencies in Austria
Austria continues to experience a wave of significant insolvencies, stretching court resources and prompting comparisons to past recessions. Recent legal frameworks have introduced new possibilities for restructuring, though so far with limited uptake. Taylor Wessing Counsel & Head of Insolvency Andreas Howadt examines both the immediate pressures – rising liabilities, high-profile failures, and logistical strains – and the evolving legal environment looking ahead to 2025.
JDP Advises Apleona Group on Reorganization of Polish Companies
JDP has advised Apleona Group on reorganization of its Polish companies.