We have recently represented Smartwings company in the court proceeding regarding the temporary protection from creditors. The court granted and later extended the Extraordinary Moratorium, based on our application. The court even declared a third Moratorium, supported by the majority of the creditors. The legal framework for this protection lasted from 27 August 2020 to 26 March 2021. During the Moratoriums protection, Smartwings managed to restructure via out of court restructuring and thus to avert the threat of its bankruptcy. Our team consisted of Michal Zizlavsky, Adam Sigmund and Roman Macháček. We have cooperated with Dentons and EY and we are pleased to thank them for their good work.
We thank the clients and their team for their trust.