News

Journal of the Charles University Law Faculty Jurisprudence issued in actual journal 5/2020 an article of Tomáš Rada The liability of statutory bodies for a deficit of a bankrupt corporation after the Business Corporation Act Amendment. The article focuses on the new legal institute that is the insolvency trustee’s action lodged against the statutory body members to settle the difference between the sum of debts and the value of the assets (deficit) of a business corporation that falls into bankruptcy. Instead of the statutory body liability pursuant to Section 66 effective until 31 December 2020, accessory liability is removed to give way to the primary liability of the member of the statutory body, respectively of the persons named in the provision of Section 69, to provide performance in favour of the bankruptcy estate of the bankrupt business corporation.