DELTA legal and PwC successfully reorganize LICHNA TRADE CZ

DELTA legal together with PwC prepared an approved reorganization plan for LICHNA TRADE CZ, s.r.o., a Czech company engaged in mechanical engineering and metal processing.

A tough economic situation and the subsequent bankruptcy of LICHNA TRADE CZ, which the client wanted to resolve by maintaining operations and keeping as many workplaces as possible open, cost all participants a lot in preparation for the reorganization. Reorganization is a highly formalized process with many complex rules. Our goal was to provide the client with the most legally advantageous position to prepare the best financial and economic solution.

A huge amount of documents needed to be analysed in preparation for the reorganization plan. It was necessary to thoroughly examine the company’s assets and activities and to communicate everything with the creditors, many of whom had conflicting interests and used all legal steps at their disposal to enforce them. Finding a solution that was acceptable for everyone, economically viable and legally possible required not only the involvement of consultants from various areas, but also a diversified legal team, which allowed us to assess and balance all the measures considered in detail and prepare an optimal reorganization plan. We believe that not only the company but also the creditors will make the most of it. The excellent cooperation between the consultants and the client throughout the project ensured a successful new beginning for LICHNA TRADE CZ after several years of court proceedings.

“We are extremely pleased that we were able to participate in the restructuring of LICHNA TRADE CZ together with PwC,” DELTA legal partner Michal Zahradník said. “In view of the complex procedural rules, high legal requirements and coherence of various economic measures, you cannot successfully prepare a reorganization plan without the close cooperation of many experts. PwC proposed an optimal economic strategy to overcome the current crisis and ensure the future development of the company. This became the basis of the reorganization plan, which thanks to the excellent teamwork and support of the new investor was approved. We would like to thank everyone who participated in the project for their commitment and professionalism and we wish LICHNA TRADE CZ the best of luck going forward.”


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This article merely expresses the general opinion of our law firm and is intended only to draw attention to certain aspects of the issues it deals with. It does not constitute advice or a recommendation on any specific matter and the information contained herein cannot be relied upon as legal advice within the meaning of the Act on the Legal Profession, nor as information or advice within the meaning of Section 2950 of the Civil Code. To assess your specific situation, we recommend that you obtain targeted legal advice, whether provided by our law firm or another authorized person. For more information on the services we provide, please contact us. Our attorneys will be pleased to assist you.