VŠE
Conference venue:
HSE
Technologická agentura České republiky
Time to the
conference
in London
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days
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27.-28.3.2014, London
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International conference & workshop

Insolvency 2014 - Current Problems and Experiences

The significance of insolvency processes has grown significantly for developed economies in the last seven years, i.e. during the global economic crisis and the subsequent chronic stagnation. Debtor defaults, both towards financial institutions and towards creditors from commercial transactions, have become a far more frequent phenomenon under the influence of the burdensome economic situation. In 2012, the number of corporate bankruptcies in Western Europe grew by 2.6 percent inter-annually, and in comparison with 2008, there were almost twenty percent more of such cases. Were it not for the steadying influence of Germany which, by contrast, reports a very low state of company bankruptcies, the total numbers would have affected countries such as Portugal, Spain, Italy and the Netherlands far more.  In comparison with 2008, the number of bankruptcies in these countries grew two or threefold.

In the central and eastern parts of Europe, the situation is still more critical, given that the number of corporate bankruptcies grew by more than thirteen percent in 2012.

Insolvency processes are covered by the state, and the mechanisms of collective enforcement of receivables are forced by law. Their successfulness is therefore to a large extent dependent on the general quality of institutions, in this case especially the courts. Of course, the quality of legal regulations and the general approach to their construction has a fundamental impact on the successfulness of mediation of sale of a debtor’s assets and subsequent redistribution of yields to creditors.

The aim of the conference is therefore to gather new insights on the functioning of insolvency systems in developed countries and on their successfulness. Thanks to this comparison, it should be possible to evaluate individual mechanisms, compare them and express the directions of further development of insolvency systems so that they may fulfil their main role in the national economy in a better and faster way – that is, to enable the fastest possible utilisation of unproductive assets trapped in a debtor’s business and return them  to economic life by means of sale and payment to creditors or by means of reorganisation of the debtor’s business.

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NEWS AND ACTUAL INFORMATIONS
Dear participants, please note, that the conference programme was published on the website. For more information please see the se... more
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PROGRAMME HIGHLIGHTS
  • Tomas Richter

    27. 03. 2014

    The Coming of Age of an Insolvency Reform : The Czech Insolvency Act 2006 in a F...
  • Juraj Alexander

    27. 03. 2014

    Czech insolvency law has been materially modified, certainly to the better, by t...
  • Vladimir Sokolov

    27. 03. 2014

    We investigate the rationale and impact of the corporate debt subsidization prog...
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