Czech insolvency law provides multiple options for resolving corporate insolvency. Alongside liquidation and reorganisation—which aim to wind down or rehabilitate a business—the law also offers preventive restructuring tools. These early intervention mechanisms allow a company to address temporary financial difficulties without initiating formal insolvency proceedings. 

Sayenko Kharenko has advised the European Bank for Reconstruction and Development on a EUR 10 million loan to the city of Lviv, aimed at ensuring the continued provision of vital municipal services and mitigating the impact of the ongoing war in Ukraine.

Reals has advised Upvest on the mezzanine financing of Crestyl’s Semerinka residential development in Prague. Dentons reportedly advised Crestyl.

Bernitsas has advised Piraeus Bank on the issuance and offering of EUR 500 million green senior preferred notes due 2028, targeting both international and Greek institutional investors.

Ellex has advised the European Bank for Reconstruction and Development on a EUR 60 million loan to Ignitis Group.

Based on the provisions of Act C of 2023 on Hungarian Architecture (Hungarian Architecture Act), which entered into force on 1 October 2024, the liability insurance rules for contractors have changed. Contractors may now only undertake construction activities for which they have compulsory contractors' liability insurance, in addition to the previously introduced investments, subject to simple notification.