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Theoretical concept of the doctrine of piercing the corporate veil with regard to the creditors' rights
Sobotová, Dana ; Beran, Karel (advisor) ; Tryzna, Jan (referee)
The aim of this thesis was to clarify the doctrine of piercing the corporate veil, in particular its merits, its origins, its development during the twentieth century and its projection into the Czech law, focusing not only on the legal but also on the economic aspects of this doctrine. The first chapter deals with the theoretical concept of a corporation and its subjectivity. The assets of a corporation are separated from personal property of its shareholders by the imaginary corporation's veil. Judicial practice has gradually created the doctrine of piercing the corporate veil which serves as a corrective to the principle of separation of the assets of the corporation from the assets of its shareholders in cases where the duration of the statutory adjustment would lead to manifestly unfair conclusions, thus allowing creditors, in exceptional cases, to reach the assets of the shareholders. The second chapter deals with development of the doctrine of piercing the corporate veil, especially when and under what conditions the courts have come to use it. It includes an analysis of individual cases and different approaches to them; from approaches that are mostly intuitive to those where their representatives are trying to formulate specific rules. The third chapter summarizes current main approaches...
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Corporate reorganization under the US bankruptcy laws and accounting standards
Sobotová, Dana ; Randáková, Monika (advisor) ; Bokšová, Jiřina (referee)
The aim of this thesis is to analyze the process of reorganization under the US laws and accounting standards. The first chapter contains legislation, description of the parties and their role during the insolvency proceedings. It covers the role of the debtor, creditors, creditors' committee, insolvency trustee and insolvency court throughout the insolvency proceedings. The second part focuses on accounting under US GAAP based primarily on the ASC 852, which describes in detail the cases and items that are treated differently during the reorganization. The third part includes legal and accounting analysis of the American paper company NewPage Holdings Inc., which successfully emerged from bancruptcy in 2012.
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