Work

Decision-making on the monetisation of the collateral in the course of debt relief in the czech republic

Year: 2025

Type: article

Abstract: The topic of this article is the legal regulation of the monetisation of collateral in insolvency proceedings under Czech law. The emphasis is on the initiator of the monetisation. In connection with a major amendment to the insolvency law, with effect from 1 June 2019, there has been a change in the view on the issue of the person entitled to initiate the monetisation of the collateral within the framework of the instalment plan. In recent months, there has been a trend, unknown until then, of insolvency courts ordering insolvency administrators to monetise secured assets, even against the will of secured creditors. This article presents readers with both the current background of the legislation and attempts to point out the lines of argumentation justifying or refuting the possibility of such a procedure.

Source: STUDIA IURIDICA Casoviensia

DOI: 10.33542/sic2025-1-04

Author: Petr Horák

Institution: Palacký University Olomouc

Language: English

Topic: Corporate Insolvency and Governance

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Peace, justice, and strong institutions

Open Access status: diamond

OpenAlex ID: W4408943608