Pre-Pack postupy v konkurznom práve: Vyvažovanie dôvernosti a transparentnosti v prípravnej fáze.

Pre-Pack Procedures in Insolvency Law: Balancing Confidentiality and Transparency in the Preparatory Phase.

JUDr. Dominika Cukerová, PhD., Katedra obchodného práva a hospodárskeho práva, Právnická fakulta UPJŠ v Košiciach
JUDr. Žofia Mrázová, PhD., MCL, Katedra obchodného práva a hospodárskeho práva, Právnická fakulta UPJŠ v Košiciach

Právny obzor, 108, 2025, No. 3, pp. 286 – 313.

Published online: 2025

https://doi.org/10.31577/pravnyobzor.2025.3.05

Abstract. Pre-pack procedures represent a specific arrangement in which the sale of a debtor’s business or assets is negotiated with a purchaser prior to the initiation of insolvency proceedings. Although widely recognised and applied in numerous countries, even without explicit legislative regulation, pre-pack procedures are a novelty to Slovak insolvency law and may soon be adopted under a recently published Directive Proposal. The paper provides a comprehensive overview of pre-pack procedures and their application in insolvency proceedings, with a primary focus on the preparatory phase. The authors analyse the transparency-enhancing mechanisms introduced by the Directive Proposal and examine the balance between confidentiality and transparency in the preparatory phase from an EU perspective. While confidentiality is a fundamental aspect of pre-pack procedures during the preparatory phase, transparency can be reinforced through measures such as strengthening the role of the monitor, specifying requirements for related-party offers, and establishing creditors´ rights to a hearing. Furthermore, the authors discuss whether Slovak insolvency regulation currently offers an alternative solution for the sale of a debtor’s business or assets in line with the EU´s proposed requirements. A comparative approach is taken to analyse the transparency-enhancing mechanisms within the preparatory phase of pre-pack procedures as offered by selected national regulations. National solutions, such as an independent evaluator, silent trustee, or silent judge, could also serve as an inspiration for the Slovak legislator to ensure optimal sale results while increasing creditor satisfaction.

Key words: Confidentiality, Transparency, Pre-Pack Procedures, Related Party, Sale of Assets in Bankruptcy

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ISSN 2729-9228
(online)

ISSN 0032-6984
(print)

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Právny obzor je recenzovaný časopis a je indexovaný v databázach SCOPUS a HeinOnline (INDEX TO FOREIGN LEGAL PERIODICALS)

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