Advisory

  • Amendment to the Law on Valuation and its implementing decrees

    5. 2. 2021 Tomáš Podškubka

    Last year saw an amendment to the Law on Asset Valuation (No. 151/1997 Coll.) and its implementing decrees, effective as of 1. 1. 2021. The main new development is a refinement of the procedure for estimating the open market value and implementation of the possibility to appraise market value. The Law on Valuation deals with…

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  • Appraising fund assets and liabilities in real value

    14. 1. 2021 Tomáš Podškubka

    With the amendment to accounting regulations, an obligation was laid down as of 1. 1. 2021 to appraise fund assets and liabilities in fair value (real value) following international accounting standards (IFRS). Still prior to this change, funds had to appraise the value of their assets and liabilities regularly, i.e. to fix their net asset…

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  • The obligation for a debtor to file an insolvency proposal has been postponed to the end of June 2021

    27. 11. 2020 Jiří Hlaváč

    In the controversial Act No. 460/2020 Coll., which was published in the Collection of Acts on 12.11.2020, suspension of debtor obligation to file an insolvency proposal was extended to the end of June 2021. The amendment was passed by the Chamber of Deputies (in the same way as the so-called lex covid in spring) in…

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  • Pre-packaged reorganization – workshop

    9. 10. 2020 Jiří Hlaváč

    On Wednesday 7. 10. 2020, we conducted and online workshop for those interested on the theme of Pre-packaged Reorganization. Together with invited attorneys and insolvency administrators with special permission, we presented the main benefits of this manner of settling bankruptcies and individual aspects connected with pre-packaged reorganization. With consideration to continuing restrictions connected with the…

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  • The value of mergers and acquisitions fell in the quarter to the lowest level since 2009

    3. 7. 2020 Ludmila Benešová

    According to a report published by the Czech News Agency (ČTK), the value of mergers and acquisitions fell in the quarter to the lowest level since 2009. Commenting on this issue, TPA Valuation & Advisory partner Jiří Hlaváč told ČTK that in Europe in general, including the Czech Republic, a significantly slower decline in transactions…

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  • The most attractive sectors in terms of achieved transaction multiples

    12. 7. 2018 Jiří Hlaváč

    TPA has finished the analysis of the attractiveness of sectors in terms of transaction multiples achieved in Europe in the last ten years. The analysis was based on transaction data from the Mergermarket database which collects information on finalised M&A transactions. The highest transaction multiples, if we omit investment in real estate, are achieved in…

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