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Interlaw's Czech Republic Firm Advises On Major Restructuring Brief
Interlaw's partner firm in the Czech Republic, DELTA legal, has co-prepared an approved reorganization plan for a prominent Czech company engaged in mechanical engineering and metal processing.
“We are extremely pleased that we were able to participate in the restructuring of LICHNA TRADE CZ together with PwC,” said DELTA legal partner, Michal Zahradník.
“In view of the complex procedural rules, high legal requirements and coherence of various economic measures, you cannot successfully prepare a reorganization plan without the close cooperation of many experts.
"PwC proposed an optimal economic strategy to overcome the firm’s ongoing crisis and ensure the future development of the company. This became the basis of the reorganization plan, which thanks to the excellent teamwork and support of the new investor was approved.
"We would like to thank everyone who participated in the project for their commitment and professionalism and we wish LICHNA TRADE CZ the best of luck going forward,” Michal concluded.