WorldCIST'13 -The 2013 World Conference on Information Systems and Technologies

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The problems of the insolvency register in the Czech Republic from the perspective of information technology

Luboš Smrčka
University of Economics, Prague
Czech Republic

The study concerns the inconsistent situation in the Czech Republic, where the new Insolvency Act was accepted in 2006 and took effect from the beginning of 2008. One of the aims of the acceptance of the legislation was the creation of conditions for substantially improved use of information technology in the area of insolvency proceedings. It was mainly intended to bring about a state where a third party (who is not participating in the particular proceedings) could easily acquaint itself with details concerning individual cases so as to compile sufficiently substantiating statistics on insolvency proceedings as specific events with a considerable impact on the national economy. While the first goal has been accomplished and it is now possible to access a range of information online and follow a concrete case practically simultaneously to the development of the insolvency proceedings, the second goal has remained unfulfilled. The fault lies in inadequate technological and jurisdictional solutions which have not paid sufficient attention to the possibilities of using information technology in insolvency practice in the Czech Republic.


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