THE RESCUE PRINCIPLE IN CZECH BANKRUPTCY LAW AS IT EXISTS NOW AND IN THE FUTURE

Luboš Smrčka
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Luboš Smrčka: Faculty of Business Administration, University of Economics, nám. W. Churchilla 4, Praha 3, 130 67, Czech Republic

Chapter 23 in Marketing and Management Sciences, 2010, pp 122-127 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe author analyses the provisions of the new Act on Insolvency and the Method of Its Resolution. On the basis of the analysis he takes the view concerning the future redevelopment method in Czech law and above all its application in economic practice. The author claims that economic practice prefers liquidation proceedings principle (bankruptcy) and therefore the redevelopment principle is not very likely to obtain a more decisive part in resoluting company failures in the near future.

Keywords: Management, Organizational Behavior, Marketing; Negotiation, Dynamic Models, International Business, Strategic Business, Human Resource, (search for similar items in EconPapers)
JEL-codes: O30 (search for similar items in EconPapers)
Date: 2010
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