BPV Braun Partners Successful for the Czech Ministry of Finance in Bankruptcy Case Before German Court

BPV Braun Partners Successful for the Czech Ministry of Finance in Bankruptcy Case Before German Court

Czech Republic
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BPV Braun Partners has successfully represented the Czech Ministry of Finance in a dispute with the insolvency administrator of Viktoriagruppe, which went bankrupt in 2014.

According to bpv Braun Partners, “before Viktoriagruppe declared bankruptcy in 2014, the Czech tax and customs authority secured its claims to payment of taxes by placing pledges on the real property the company owned in the Czech Republic. The insolvency administrator called these pledges into question and took the case to the Munich Regional Court seeking to have them declared invalid.”

The Munich Higher Regional Court upheld the April, 2019 decision of the first instance court that the insolvency administrator must respect the decisions of Czech tax and customs authorities. The value of the dispute is around EUR 5 million. 

The bpv Braun Partners team included Partners Arthur Braun and Marc Mueller.