Munich Personal RePEc Archive

Corporate Bankruptcies in Czech Republic, Slovakia, Croatia and Serbia

Janda, Karel and Rakicova, Anna (2014): Corporate Bankruptcies in Czech Republic, Slovakia, Croatia and Serbia.

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Abstract

The corporate bankruptcies legal frameworks and their economic implications are compared for two pairs of post-communist countries (Czech Republic and Slovakia and Croatia and Serbia) originating from common federative republics. Their process of gradual divergence from the common legal and economic framework is shown. All four countries are identified as creditor friendly (Czech Republic, Croatia, Serbia) or neutral countries (Slovakia). The possibilities of further development of bankruptcy proceeding in these countries are outlined.

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