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The Rescue Principle In Czech Bankruptcy Law As It Exists Now And In The Future

In: Marketing And Management Sciences

Author

Listed:
  • LUBOŠ SMRČKA

    (Faculty of Business Administration, University of Economics, nám. W. Churchilla 4, Praha 3, 130 67, Czech Republic)

Abstract

The 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.

Suggested Citation

  • Luboš Smrčka, 2010. "The Rescue Principle In Czech Bankruptcy Law As It Exists Now And In The Future," World Scientific Book Chapters, in: Damianos P Sakas & Nikolaos Konstantopoulos (ed.), Marketing And Management Sciences, chapter 23, pages 122-127, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9781848165106_0023
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    Keywords

    Management; Organizational Behavior; Marketing; Negotiation; Dynamic Models; International Business; Strategic Business; Human Resource;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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