Template-Type: ReDIF-Article 1.0
Author-Name: Michal Kuděj
Author-Name: Juraj Alexander
Title: Foreign restructuring tools in Czech environment
Abstract: The Insolvency Act has introduced material improvements in the standard practice of insolvency proceedings and increase of recovery for creditors. We believe, however, that the Insolvency Act fails in resolving of a conflict between an owner-manager and (in particular) financial creditors which is quite common in distressed companies in the Czech Republic and Slovakia. Bearing this in mind, this article puts emphasis on the fact that tools used for restructuring processes in Germany (trust management - doppelnützige Treuhand and feasibility assessment - Sanierungskonzept) represent big solution potential in relation to this kind of conflict also in the Czech institutional environment. The article introduces said institutes and also suggests the way of their implementation into the Czech system of law.
Keywords: insolvenční zákon, Creditor, Insolvenční řízení, Věřitel, Debtor, Dlužník, Assets, Bank, Insolvency Act, Insolvency proceeding, Bunkruptcy, Aktiva, Banka, Úpadek
Classification-JEL: G33
Volume: 2014
Issue: 2
Year: 2014
File-URL: http://www.vse.cz/eam/225
File-Format: text/html
Handle: RePEc:prg:jnleam:v:2014:y:2014:i:2:id:225
X-File-Ref: http://www.vse.cz/RePEc/prg/jnleam/references/225

Template-Type: ReDIF-Article 1.0
Author-Name: Jan Plaček
Author-Name: Tomáš Malý
Author-Name: Lee Louda
Author-Name: Jakub Erlitz
Title: Procedures for identifying statistical data on insolvency proceedings and the difficulties with the introduction of a system in the Czech Republic
Abstract: The study aims to acquaint the professional public with principles and the status of preparation of a questionnaire system that is being used by the team for research of the insolvency proceedings in the Czech Republic. The first part of the article deals mainly with the importance of surveys in general and by the importance of collecting data on insolvency proceedings. Further, the article briefly informs about the history of the insolvency investigation and shows the different parts of the questionnaire. In conclusion, the article introduces further options, which are offered by the questionnaire and by the survey. Particularly in case that this system would be introduced as a standardized tool of the insolvency proceedings and also systematically incorporated by the insolvency courts as one of the databases of the Ministry of Justice of the Czech Republic. The work also suggests necessary legislative changes which need to be done before the questionnaire will be fully integrated by the government.
Keywords: bankruptcy, Creditor, Insolvenční řízení, Věřitel, Debtor, Dlužník, Úpadek, Insolvency proceedings, Statistics, Statistika
Classification-JEL: G30
Volume: 2014
Issue: 2
Year: 2014
File-URL: http://www.vse.cz/eam/226
File-Format: text/html
Handle: RePEc:prg:jnleam:v:2014:y:2014:i:2:id:226
X-File-Ref: http://www.vse.cz/RePEc/prg/jnleam/references/226

Template-Type: ReDIF-Article 1.0
Author-Name: Jaroslav Schönfeld
Author-Name: Luboš Smrčka
Author-Name: Eva Kislingerová
Author-Name: Jakub Erlitz
Title: Bankruptcies in Czech Republic: Reality identified by examining the statistical
Abstract: The work aims at a comprehensive analysis of the statistical survey 572 insolvency proceedings which took place in the Czech Republic from January 2008 until the end of 2013. This is the third in a wave of similar surveys, while the present work the analysis results are compared with just these previous data sets. Together, there were processed 2193 closed insolvency proceedings. These proceedings represent nearly 20 percent of the total number of insolvencies of businesses operating in the country during that period took place and have already been completed. This sample should therefore be very representative, on the other hand, the authors do not conceal that the results are still only approximate. The key findings of the research as usual satisfaction of secured creditors, unsecured creditors, satisfy claims against the estate of a debt assimilated claims against the estate of length insolvency proceedings and more.
Keywords: bankruptcy, insolvency, insolvence, Insolvenční řízení, Úpadek, Insolvency proceedings, Statistics, Statistika, Satisfaction of creditors, Uspokojení věřitelů
Classification-JEL: G30, G33, K22
Volume: 2014
Issue: 2
Year: 2014
File-URL: http://www.vse.cz/eam/227
File-Format: text/html
Handle: RePEc:prg:jnleam:v:2014:y:2014:i:2:id:227
X-File-Ref: http://www.vse.cz/RePEc/prg/jnleam/references/227

Template-Type: ReDIF-Article 1.0
Author-Name: Jindřich Špička
Title: Payment habits of engineering companies in the Czech Republic
Abstract: The aim of the article is to identify, compare and evaluate financial position of companies with different payment habits in the Czech engineering industry in the period 2008 - 2012 using individual data and felicitous statistical methods (Kolmogorov-Smirnov test). The article focuses on evaluation of the default risk coming from engineering companies. Based on sample of 2012 engineering companies, the results show that payment habits increase with higher return on assets, higher liquidity, lower debt ratio and higher liability turnover. Payment habits of engineering companies are very good. However, about 6 % of solvent companies have poor payments habits. Such companies are risky for their suppliers with respect to the secondary insolvency phenomenon.
Keywords: Payment habits, Engineering Industry, Secondary Insolvency, Platební morálka, Strojírenství, Druhotná platební neschopnost
Classification-JEL: G32, G33
Volume: 2014
Issue: 2
Year: 2014
File-URL: http://www.vse.cz/eam/228
File-Format: text/html
Handle: RePEc:prg:jnleam:v:2014:y:2014:i:2:id:228
X-File-Ref: http://www.vse.cz/RePEc/prg/jnleam/references/228

Template-Type: ReDIF-Article 1.0
Author-Name: Eva Kislingerová
Author-Name: Tomáš Krabec
Author-Name: Romana Čižinská
Title: Economic and Legal Aspects of Property and Capital Acquisitions from the Perspective of Valuators
Abstract: The article discusses the importance of the current regulation of mergers and acquisitions in the Czech Republic and its impact on the valuation of the transaction from tax, accounting and economic perspective. The case study demonstrates the growing importance of intangible assets. By using the VIM model, brand valuation as identifiable intangible asset is condcuted by valuing the business enterprise for transactional purposes.
Keywords: Intangible assets, Nehmotná aktiva, Mergers, Acquisitions, Fúze, Akvizice
Classification-JEL: G34, K2, M10
Volume: 2014
Issue: 2
Year: 2014
File-URL: http://www.vse.cz/eam/229
File-Format: text/html
Handle: RePEc:prg:jnleam:v:2014:y:2014:i:2:id:229
X-File-Ref: http://www.vse.cz/RePEc/prg/jnleam/references/229