The Daily Deal: Velvet Bankruptcy

    December 2007
    This article, from The Deal provides an overview of the Czech Republic’s revision of its insolvency code went into effect January 1, 2008. If implemented correctly, the new law will create restructuring opportunities in the Czech Republic which are almost unknown throughout Europe. Squire Sanders international financial restructuring practice leader, Thomas J. Salerno, and Jeffery A. McGehee, a Squire Sanders partner based in Prague discuss what the Czech Republic has to consider for the new insolvency code to realize is potential.