Changes to Corporate Restructuring Laws in the Czech Republic During the Covid-19 Pandemic

Abstract In the course of Covid-19 global pandemic, corporate restructuring laws worldwide underwent a stress test as financial health companies significantly deteriorated. response to public demand, legislators in Czech Republic adopted various bail-out programmes and bail-in measures order provide debtors who ran into temporary problems connection with pandemic additional protection against individual creditors help solve their troubles. This paper outlines that were introduced during critical phase 2020–2021 analyses extraordinary Republic. After once emergency lifted, number insolvency petitions proceedings surprisingly decreased comparison previous years. may suggest aid even have been too generous. While debt increased dramatically result governmental bail-out/financial programmes, ‘helicopter money’ contributed accelerating increase country’s inflation rate.