The paper discusses some major lessons to be learnt from the application of bankruptcy law in a post …-communist environment. Its focus is on East Central Europe because elsewhere bankruptcy law is of rather limited practical relevance. The … incentives and the selection of trustees turn out to be key issues if the loss of value typically occurring during bankruptcy …

The main purpose of this article is to study the role of house banks in out-of-court reorganization. Banks are … assessment of reorganization projects due to the danger of zombie lending. The four most important prerequisites for completing … an out-of-court reorganization were a new loan, an open and proactive communication policy on the part of the distressed …