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Original title:
Strategic options of distressed companies in the Czech legal environment
Translated title: Strategic options of distressed companies in the Czech legal environment
Authors: Kosovský, Alexander ; Hnilica, Jiří (advisor) ; Krabec, Tomáš (referee)
Document type: Master’s theses
Year: 2011
Language: eng
Publisher: Vysoká škola ekonomická v Praze
Abstract: The thesis provides a detailed overview of crisis resolution options available to distressed companies in the Czech legal environment. The work starts by describing the most common causes of corporate distress in attempt to understand the process of decline and define the key steps to prevent crisis in the early stage. We then proceed to discuss the methods of resolution that can be applied in the early pre-bankruptcy stages of distress, including downsizing and divestitures, out-of-court settlement with creditors, mergers with or acquisition by strategic or financial investors, or voluntary liquidations. Further on, the work provides a comprehensive summary of the Insolvency Act, the Czech legislation governing bankruptcy proceedings, concentrating on the option that could preserve business operations of troubled companies -- reorganisation. In the practical part of the thesis, the author evaluates the reorganisation plan of ČKD Kutná Hora, a.s., focusing on the company-specific issues and assessing the viability of the plan according to a number of success and risk factors, as well as the objectives stipulated by the Insolvency Act.
Keywords: Distressed Company; Insolvency Act; Reorganisation; Distressed Company; Insolvency Act; Reorganisation
Institution: University of Economics, Prague (web)
Document availability information: Available in the digital repository of the University of Economics, Prague.
Original record: http://www.vse.cz/vskp/eid/33976
Permalink: http://www.nusl.cz/ntk/nusl-125181
The record appears in these collections:
Universities and colleges > Public universities > University of Economics, Prague
Academic theses (ETDs) > Master’s theses
Translated title: Strategic options of distressed companies in the Czech legal environment
Authors: Kosovský, Alexander ; Hnilica, Jiří (advisor) ; Krabec, Tomáš (referee)
Document type: Master’s theses
Year: 2011
Language: eng
Publisher: Vysoká škola ekonomická v Praze
Abstract: The thesis provides a detailed overview of crisis resolution options available to distressed companies in the Czech legal environment. The work starts by describing the most common causes of corporate distress in attempt to understand the process of decline and define the key steps to prevent crisis in the early stage. We then proceed to discuss the methods of resolution that can be applied in the early pre-bankruptcy stages of distress, including downsizing and divestitures, out-of-court settlement with creditors, mergers with or acquisition by strategic or financial investors, or voluntary liquidations. Further on, the work provides a comprehensive summary of the Insolvency Act, the Czech legislation governing bankruptcy proceedings, concentrating on the option that could preserve business operations of troubled companies -- reorganisation. In the practical part of the thesis, the author evaluates the reorganisation plan of ČKD Kutná Hora, a.s., focusing on the company-specific issues and assessing the viability of the plan according to a number of success and risk factors, as well as the objectives stipulated by the Insolvency Act.
Keywords: Distressed Company; Insolvency Act; Reorganisation; Distressed Company; Insolvency Act; Reorganisation
Institution: University of Economics, Prague (web)
Document availability information: Available in the digital repository of the University of Economics, Prague.
Original record: http://www.vse.cz/vskp/eid/33976
Permalink: http://www.nusl.cz/ntk/nusl-125181
The record appears in these collections:
Universities and colleges > Public universities > University of Economics, Prague
Academic theses (ETDs) > Master’s theses
Record created 2012-10-04, last modified 2022-03-03