Regulatory Alerts2021-01-01
Decree No. 209/2021 Coll. on the Remuneration and Reimbursement of Cash Expenditures of Liquidators of Banks and Credit Unions
The Czech National Bank issued this decree to establish the specific remuneration scales and reimbursement procedures for liquidators of banks and credit unions. It defines fixed fee tiers based on asset values, mandates payment from liquidation assets, and allows for state coverage of up to CZK 300,000 when institutional assets are insufficient. The regulation also outlines rules for advance payments, adjustments for complexity, and the reimbursement of reasonable cash expenditures incurred during the liquidation process.
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