This article discusses the features of foreclosure on the subject of a pledge. The author focuses attention on the fate of a pledge, as an encumbrance on the subject, which was a guarantee of the fulfillment of the Debtor’s obligations to the creditor. The conflict between the norms of the Civil Code and the Federal Law “On Insolvency (Bankruptcy)” is considered, supported by relevant examples from judicial practice.
From 1stof July 2017, a large amendment to Czech Insolvency Act No. 182/2006 Coll., comes into effect.This amendment regulates many aspects of insolvency proceedings, from protection against frivolous insolvency petitions through corporate insolvency assessment, to debt relief.
The International Comparative Legal Guide : Corporate Recovery & Insolvency 2016, 10th edition. A practical cross-border insight into corporate recovery and insolvency work.