Mediafax (Mediafax)
Czech markets  |  October 10, 2010 16:53:47

BBC NEWS: Czech Savings Bank filed in the case of the OP Prostejov for three constitutional complaint


Mediafax

PRAGUE (MEDIAFAX) - Czech Savings Bank Creditor filed for three of the constitutional complaint in the bankruptcy case Prostejov clothing company (OP). On Sunday, informing BBC NEWS server.

The Regional Court held illegally by the company in bankruptcy proceedings. "Based on publicly available information on the work schedule of the Regional Court in Brno and the allocation of insolvency cases in January 2010, we believe that management should not be assigned to Mr. Kozak, but another judge," said Weekly spokeswoman Christine Havligerová Czech Savings Bank.

According to the Savings Bank was the case Clothing company violated a statutory right to a fair trial and the judge. In the constitutional complaint of 13September, which is published in the online version of the insolvency register, the Bank suggests that the judge is not impartial and Kozak insolvency proceedings Clothing company is rigged. The complaint by the server is not the only one savings bank has already filed. "To date, three have been lodged the constitutional complaint," said Havligerová.

According to Kozak Week judge does not want to respond. "The constitutional complaint in this regard so far I have not received officially, has published a constitutional complaint relates to other issues, so I assume that it is the other, the Czech Savings Bank announced, complaint, and do not consider it appropriate and acceptable to the administration expressing such a first for the media and then officially, "said judge and Vice-Chairman of the Regional Court in Brno, Jan Kozak.

Clothing company is in insolvency proceedings from 18 January, when the proposal for bankruptcy was lodged by itself. The Regional Court in Brno on the decline just decided after a week, the receiver appointed in Brno lawyer Jaroslav Svoboda. Court have signed a total of 230 creditors. Lenders prefer the original company reorganization, which was also confirmed by the court reorganization plan, no one failed. Therefore, the court sent the company 3 May to bankruptcy.

Clothing company liabilities exceeded 1.6 billion, of which 1.3 billion originally belonged to the three banks (Czech Savings Bank, Raiffeisenbank and Citibank). The claim, however, Raiffeisenbank Prague in May bought the company Pyrghos Lefkos, the Savings Bank became the second largest lender.

Clothing company property consists mainly of manufacturing facilities, in Prostejov Jesenik, Ostrava, Uherske Hradiste, Konica, Loštice, Uherský Ostroh Brodek at Prostejov and Drahany. The company has warehouses in Prostějov and Olomouc, own and recreational facilities in the Chrudim Svatouchu, Prostějov and Mostkovice.

Prostějov clothing business two years ago employed about 3,800 people in mid-May it was 773 people. In 2009, according to unaudited results by trading with the loss of 363 million crowns against a loss of 1.085 billion crowns a year earlier. Last year it earned 1.13 billion crowns, which was up by 42 per cent less than in the previous year.

Libor Popel, popela@mediafax.cz

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