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

Abstract

The study concerns the 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 improved use of information technology in the area of insolvency proceedings. It was intended to bring about a state where a third party would easily acquaint itself with details concerning individual cases so as to compile sufficiently substantiating statistics on insolvency proceedings. 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. © 2013 Springer-Verlag.