Rely on the most comprehensive, up-to-date legal content designed and curated by lawyers for lawyers
Work faster and smarter to improve your drafting productivity without increasing risk
Accelerate the creation and use of high quality and trusted legal documents and forms
Streamline how you manage your legal business with proven tools and processes
Manage risk and compliance in your organisation to reduce your risk profile
Stay up to date and informed with insights from our trusted experts, news and information sources
Access the best content in the industry, effortlessly — confident that your news is trustworthy and up to date.
Find up-to-date guidance on points of law and then easily pull up sources to support your advice with Lexis PSL
Check out our straightforward definitions of common legal terms.
Our trusted tax intelligence solutions, highly-regarded exam training and education materials help guide and tutor Tax professionals
Access our unrivalled global news content, business information and analytics solutions
Insurance, risk and compliance intelligence using big data, proprietary linking and advanced analytics.
A leading provider of software platforms for professional services firms
In-depth analysis, commentary and practical information to help you protect your business
LexisNexis Blogs shed light on topics affecting the legal profession and the issues you're facing
Legal professionals trust us to help navigate change. Find out how we help ensure they exceed expectations
Lex Chat is a LexisNexis current affairs podcast sharing insights on topics for the legal profession
Discuss the latest legal developments, ask questions, and share best practice with other LexisPSL subscribers
The Czech Republic’s Ministry of Justice, in response to the economic impact of the current crisis resulting from the government measures related to the coronavirus (COVID-19) epidemic, has prepared an act on certain measures to mitigate the effects of the coronavirus epidemic on parties involved in legal proceedings, harmed persons, crime victims and legal entities, and to amend the Insolvency Act and the Enforcement Code (hereinafter the ‘Act on the Mitigation of the Impact of an Epidemic’). Written by Václav Kment of Kinstellar, s.r.o., advokátní kancelář, Prague.
The Act on the Mitigation of the Impact of an Epidemic contains a number of significant changes, particularly in the areas of procedural, insolvency and corporate law. The changes seek to respond to the consequences of the emergency measures taken by public authorities as a result of the coronavirus (COVID-19) epidemic (hereinafter the ‘Epidemic’). This news analysis provides an update to our earlier News Analysis on this subject: Coronavirus (COVID-19) Czech Republic proposals to amend insolvency laws.
Most of the changes proposed by the Ministry of Justice will be temporary for the duration of (i) the economic and social consequences of the Epidemic, (ii) the state of emergency declared by the Government of the Czech Republic due to health threats associated with the occurrence of coronavirus (COVID-19) (hereinafter the ‘State of Emergenc’”) and (iii) related to the emergency measures taken by public authorities.
Consequently, the proposed amendment does not contain generally applicable measures. Relief granted to its recipients merely aims to mitigate the situations caused by the epidemic for the duration of its consequences.
Changes in Czech insolvency law include:
On 31 March 2020, the draft of the Act on the Mitigation of the Impact of an Epidemic was approved by the Government of the Czech Republic, and has now been sent to the Chamber of Deputies to be adopted in an abbreviated procedure under a State of Legislative Emergency. The adoption of the Act on the Mitigation of the Impact of an Epidemic can therefore reasonably be expected to occur during the first half of April 2020.
Prior to the approval of the draft Act on the Mitigation of the Impact of an Epidemic, a draft amendment to the Insolvency Act was also submitted by judges of the insolvency section of the High Court in Prague. The draft aims to both mitigate the effect of the Epidemic and to introduce provisions to protect debtors in the event of any future crisis or emergency situation. Its authors argue that the current regulations contained in the Insolvency Act do not reflect and anticipate crisis situations of the current type, including the wide-scale potential insolvency of business owners in the Czech Republic. However, amendments in the form proposed by the judges of the High Court in Prague have not been implemented in the draft Act on the Mitigation of the Impact of an Epidemic.
Free trials are only available to individuals based in the UK
* denotes a required field
Zahra started working as a paralegal at LexisNexis in the Lexis®PSL Banking & Finance and Restructuring & Insolvency teams in April 2019 and moved to the Corporate team in June 2020, where she currently works as a Market Tracker Analyst. Zahra graduated with 2.1 honours in BA French and Spanish and completed the GDL at BPP University. She has undertaken voluntary work for law firms in London, Argentina and Colombia.
0330 161 1234