LYNX LEGAL

Insolvency and Restructuring

Navigate financial distress with restructuring specialists delivering strategic clarity for recovery or dignified exit. 

Bulgaria • Czech Republic • Estonia • Hungary • Latvia • Lithuania • Poland • Romania • Slovakia • Bulgaria • Czech Republic • Estonia • Hungary • Latvia • Lithuania • Poland • Romania • Slovakia •

sector-specific-expertise

We deliver outcomes others miss. Our cross-border restructuring expertise and rapid decision-making have set benchmarks for complex CEE insolvency cases where traditional approaches fail.

end-to-end support

From initial crisis analysis to post-restructuring implementation, we advise companies, shareholders, and creditors simultaneously. You get comprehensive legal strategy tailored to your position and interests.

Clarity in the face of uncertainty

Financial distress demands rational decision-making under pressure. When companies face insolvency or restructuring, emotions run high, stakeholders clash, and the margin for error narrows. You need advisors who cut through the noise with comprehensive analysis, strategic clarity, and the crisis experience to guide you through your most challenging moments.

Speed and precision define our LYNX approach. Our team addresses not just the commercial and legal dimensions of restructuring, but also the psychological factors that shape outcomes in high-stakes negotiations. Whether you are a distressed company, shareholder, or creditor, we deliver unambiguous recommendations backed by data and experience. Every action we take is designed to improve your position and preserve maximum value at every stage of the process.

Decisive results without borders

Cross-border complexity is where we excel. Central and Eastern European restructuring often involves multiple jurisdictions, conflicting regulatory regimes, and competing stakeholder interests across borders. Our regional expertise and recognition by leading legal directories, combined with a team of internationally experienced insolvency and restructuring professionals, ensure you receive solutions that work in practice. We know what delivers results when pressure mounts and time runs short.

We understand the interplay between capital maintenance regulations, joint liability within corporate groups, mandatory tax and social security obligations, and the legal duties of company bodies across different CEE jurisdictions. We know the terrain, the players, the courts, and the path forward – and we move decisively to get you there.

Our Core Advisory Areas in Insolvency and Restructuring

By your side at every stage of your legal journey.

Pre-insolvency creditor protection

Insolvency-remote collateral

Creditor representation

Debt restructuring

Crisis management duties

Capital maintenance

Tax & social compliance

Group liability

De-facto management risks

M&A of distressed companies

We don’t just
advise – we commit.

We think like stakeholders.
We’re by your side to drive results.

Insights

Poland: LYNX becomes a patron of the Scandinavian‑Polish Chamber of Commerce (SPCC)

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LYNX recognized as Leading Firm in Legal 500 2026 across Central and Eastern Europe

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Poland: LYNX at the Ministry of Development and Technology’s expert seminar on artificial intelligence

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Romania: Impediments to the Transfer of Shares in a Limited Liability Company

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Poland: Success in a road tender worth nearly PLN 400 million

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EU Parliament sets new rules for AI and copyright: What businesses need to know

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BSJP advised Denmark's European Energy on EUR 53 mln wind farm project financing

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Success before the National Appeals Chamber in the AI case

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Double Recognition in the IFLR1000 Ranking

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Das Pre-Pack-Verfahren – worauf beim Erwerb des Unternehmens eines Schuldners zu achten ist

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Romania: ANRE updates the rules for grid connection and green certificates: legislative changes for a more coherent energy market

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Czechia: Pay Transparency Directive

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Czechia: Czech koruna bonds in light of a recent Constitutional Court ruling

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Czechia: New Cyber Security Act: What does it mean for your business?

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Czechia: Criteria for mandatory auditing following the amendment to the Accounting Act (from 1 January 2026)

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Czechia: Publicly accessible road crossing private land

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Lithuania: Transparency Directive. Question for employers: are you ready?

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Czechia: Single-form monthly reporting: a revolution around the corner for (maybe) all employers

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Czechia: Government bill proposes abolition of the withholding tax – these are some of the advantages and drawbacks

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Czechia: Default interest capped at the principal: what are the implications for your debt?

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Romania: Impediments to the Transfer of Shares in a Limited Liability Company

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Hungary Expands State Pre-Emption Rights in Foreign Investment Transactions

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Changes in the Supervisory Measures System in the Fifth Draft Amendment to the National Cybersecurity System Act

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Changes in the Supervisory Measures System in the Fifth Draft Amendment to the National Cybersecurity System Act

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Romania: The Draft Romanian Competition Council Order which was under Transparency Procedure, on the Assessment of Foreign, EU Direct Investments and New Investments

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Czechia: Flexibility amendment to the Labor Code: What will change and how to prepare?

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Czechia and Germany: News and statistics from German and Czech citizenship law

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Czechia: Czech Law on Aliens and Law on Citizenship – Changes brought about by Lex Ukraine and the current jurisprudence of Czech courts

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Czechia: On the VAT treatment of real property after the 2025 VAT Act amendment

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Romania: MiFID II in Practice: When can an activity be considered investment advice?

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Romania: Practical aspects regarding the applicability of the NIS2 Directive in Romania

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Chambers and Partners 2025 ranking

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Czechia: Income tax return 2024 – watch out for changes with respect to tax reliefs and allowances

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Czechia: Tax-free benefits? Employee benefits in the area of health and leisure after 1 January 2025

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Czechia: What has changed since the turn of the year under the amendment to the VAT Act?

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Romania: ANRE Order No. 53/2024 – Regulations on Grid Capacity Allocation and Guarantee Obligations

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We advised Douglas on the opening of its main distribution centre in Poland

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Lithuania: Psychological work environment What homework must you do?

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Romania: Practical aspects of implementing Regulation (EU) 2023/988 on general product safety

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Poland: NIS2 Directive – identification of essential and important entities in capital groups under the new draft act

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Czechia: A new Framework Agreement on the application of Article 16 of Regulation (EC) No. 883/2004 in cases of habitual cross-border telework – Opportunities to remain subject to the social security legislation at the employer’s registered place of business

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Czechia: Minimum wage set to rise in 2025

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Czechia: Cost-effective pre-trial debt recovery: a detailed step-by-step guidance

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SLOVAKIA: IP SCAN – a professional audit of intellectual property for your business

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Double success before the Public Procurement Court in the case regarding power supply systems for the LTE450 network of the PGE Group

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Success before the Court of Competition and Consumer Protection

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Czechia: On the upcoming amendment to the criminal regulations (autumn 2024)

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EUDR: When will it take effect, who will be affected and how to prepare for the new obligations?

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Romania: First measures for the development of offshore wind power plants in Romania

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Lithuania: Is the development of advanced therapies in Lithuania being hampered by legal regulation?

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Czechia: At long last, German and Czech citizenship for one of ‘Winton’s children’, more than 85 years later.

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Czechia: Are owners of real property units entitled to an easement by necessity?

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Czechia: Keep an eye on the creation of the zoning plan and updates to the same

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Poland: NIS2 Directive – key assumptions and implementation status

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Lithuania: NIS2 Cybersecurity: IS YOUR COMPANY PREPARED?

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Romania: New Shrinkflation Regulations: Consumer Information Now Mandatory

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NIS2 Directive in Poland: Assumptions and implementation status

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Lithuania: posting third-country nationals from Switzerland

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Romania: ANRE introduces new amendments applicable starting October 1

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NIS 2 Directive: IS YOUR COMPANY PREPARED?

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Romania: EU Artificial Intelligence Regulation: What companies need to know

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Czechia: Managing directors – are you aware of your duties under the law? Do you discharge them properly?

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Czechia: The eviction order – a revolution in the battle against delinquent tenants?

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We advised Wechta FIZ on the sale of MOSTOSTAL WECHTA

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Romania: The Impact of Law No. 214/2024 on the Use of Electronic Signatures and Modernization of Digital Processes in Romania

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Romania: Legal Assistance for Global Cosmetic Brand’s Entry into Romanian Market

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Romania: Latest Legislative Amendments on RO e-Transport: GEO 87/2004 and National Agency for Fiscal Administration (ANAF) and Romanian Customs Authority (AVR) Order 1337/1268/2024

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Successful appeal in revocation of resolution on partnership conversion

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Czechia: The legal practice of authentication of electronic signatures

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Czechia: A few practical remarks on agreements on work carried out outside proper employment

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Czechia: Changes to Czech and German Citizenship Law in 2024

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Slovakia: Domain Name Dispute Resolution in Slovakia

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Czechia: Digitalization of labor law: Electronic service of process by the employer

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Czechia: A brief overview of Czech law of succession

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Czechia: Tenant’s liability for flooded apartment as per a recent Supreme Court decision

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Czechia: Vacation entitlement under the “DPP” and “DPČ” alternative working arrangements as of 1 January 2024

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Lithuania: A ‘blocked account’, a more effective implementation of the subsistence requirements for immigrants

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Advertising Real Time Bidding in the processing of personal data

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Lithuania: Lithuanian Constitutional Court: regulation which prevents withdrawals from pension funds is unconstitutional

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Romania: Sports betting and gambling advertising online

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We advised Saab AB on the delivery of airborne early warning aircraft to the Polish Armed Forces

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Ranking of Chambers and Partners 2024

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Lithuania: Posting third-country nationals to Germany is complicated, but feasible

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On the legal significance of emoticons

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Czechia: Conflict of interest and disclosure duty as captured by Czech Supreme Court case law

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Lithuania: permits process for Biomedical trials

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Romania: Employers’ obligations deriving from the Methodology on Preventing and Combating Gender-based and Psychological Harassment in the Workplace

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Lithuania: 2024 bringing new changes to the Law on Construction

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We helped Kapsch Telematic Services secure a public contract

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A judgment whereby the Altona jury court on 7 November 1935 convicted a stateless Jew of “attempted racial defilement” has finally been annulled – after precisely 88 years

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Czechia: Key concepts in the new Building Act with relevance for the permitting process

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Czechia: Employee sick-leave insurance and more stringent rules for so-called ‘agreements on the completion of a job’ (DPP)

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We helped JSK Architekci to win a tender for the design of air traffic control tower of CPK airport

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Czechia: Must foreign legal entities which are based in the EU establish a branch in the Czech Republic in order to be able to register a trade?

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Czechia: Make sure to observe the duty to publish financial statements via the Collection of Deeds

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Czechia: 7 pieces of advice regarding inheritance and succession

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Czechia: Amendment to the Labor Code comes into force as of 1 October 2023

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We advised Iberfruta Muerza on the acquisition of Stovit Group

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BSJP | bnt advised Ericsson Sp. z o.o. on the acquisition of two public contracts from PGE for the mission critical LTE450 power network

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Romania: Electronic signatures have become mandatory for public authorities in Romania

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BSJP | bnt advised Saab Kockums AB on the contract for the delivery of ships to the Polish Navy

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Czechia: EU seeks the establishment of gender balance on company boards

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European certificates of succession (ECS) in German and Czech practice: real-life consequences of the ECJ decision C-354/21

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Romania: Legislative news on construction, territorial planning and administrative disputes

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Romania: Guidelines on unfair commercial practices in food and agriculture sector

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Romania: Digitalisation of the healthcare system in the European Union – Trojan horse or new stage of the digital revolution?

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Romania: 2022’s Black Friday under review

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Czechia: A new understanding regarding the moderation of contractual penalties

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Czechia: Working conditions for employees who take care of minors, within the context of the 2023 amendment to the Labor Code

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Lithuania: Sale of medicines by online pharmacy

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BSJP advised DB Schenker in construction of a transshipment terminal in Szczecin

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Romania: Online pharmacy in Romania

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Online pharmacy in Hungary

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Vander Elst-Visa for cross-border services for Ukrainian refugees under temporary protection EU

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Hungary – Guidelines from Hungary’s Curia on employer’s timesheets

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Lithuania: new restrictions on cash payments

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Romania: Substantial amendments to the Romanian Labour Code

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Belarus: new bans on foreign investors from unfriendly countries

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Romania: What you need to know about the latest amendments to GEO 196/2005 on the Environmental Fund by the adoption of GEO 125/2022

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Presumptions and fictions of law in private-law contracts

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Only employee’s knowledge of fraudulent activities – attribution?

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Lithuania: Non-payment of wages the most common reason for labour disputes

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Taking stock one year after the effectiveness of a new right to self-declare as a German citizen and of the right to naturalization on grounds of restitution – more than 20000 applications have been submitted to the Federal Office of Administration (BVA)

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Romania: Smoking harms regardless of advertising regulations

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Lithuania: Amendments to the Labour Code enter into force in stages

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Lithuania: Gamechanger for cross-border employee leasing?

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Czechia: „Lex Ukraine“ has been amended (by Act No. 175/2022, on the temporary protection status for Ukrainian refugees) – but many questions remain unanswered

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Success of BSJP before the public procurement court in a significant case for the market regarding validity of a tender guarantee

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BSJP advised on the sale of a majority stake in No Fluff Jobs to Ringier Axel Springer Polska

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Romania: Force Majeure and Hardship – a parallel between the two exceptions to the binding force of the contracts

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Online GmbH incorporation possible in Germany as of 01 August 2022

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Belarus: ban on selling shares (stakes) in Belarusian companies by investors

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Lithuania: Workation within the EU vs. Social Insurance – It gets complex

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Czechia: Road tax changes in 2022

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Romania: Employment agreement or mandate (management) agreement?

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Public procurement procedures in Hungary: force majeure due to war

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New Act on Medical Devices

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Cryptocurrencies and taxes in the Czech Republic – a brief overview of the implications for legal entities and natural persons

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Do employees in Czechia have third-party liability for damage?

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Even long-term leases can be cancelled in the Czech Republic

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The rules for Ukrainian refugees in EU countries

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Romania: Amendments concerning consumer rights in contracts for sale of goods

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Every insurance company in Europe should keep an eye on this GDPR case

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A new CJEU ruling on immigration policy

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UBO Update: Lithuanian transparency register starts work after a two-year delay. What needs to be known?

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BSJP advised ARICOMA Group on the takeover of Clearcode

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Favourable rules on signing financial statements in Poland

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Children saved by Sir Nicholas Winton are not entitled to a Czech or Slovak passport – though they may claim a German one!

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Intrastat reports in the Czech Republic have become less burdensome as of 1 January 2022

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Minimum wage in the Czech Republic in 2022 and its impact on welfare benefits and social security contributions

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Lithuania: What management decisions may require the approval of the general meeting?

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Romania: Visas for digital nomads in Romania

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Yearly Tax Return – Deadline under the Act on Corporate Taxation

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Romania: New tax offence in Romania

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Lithuania: Wage payment in cash no longer possible

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Tax legislation changes in Belarus

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What are the consequences (in the Czech Republic) of late wage payments via cashless transfer?

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Posting of third-country nationals from Lithuania to Germany

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Belarus: Law on data protection

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Romania: Salvage of construction works executed without planning permission

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Changes to the Aliens Residence Act and to the Czech Personal ID Cards Act

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Paternity leave in the Czech Republic has just been doubled

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ROMANIA: The adoption in the first Chamber of the Parliament of the law project on management of pharmaceutical waste from the population

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Establishing a central register of ultimate beneficial owners in Hungary

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Establishing a central register of ultimate beneficial owners in Hungary

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BSJP advises Saab AB on the delivery of combat training systems and services to Poland

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Court decision protects phone data from police access

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German Federal Labour Court ruling will make it more difficult for nursing staff from Poland and other CEE countries to work in Germany

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Liberalization of the German Citizenship Act comes into force

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Czech government approves tax allowance for children for 2021

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Implementation of the EU-restructuring directive in Lithuania

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New rental law in Latvia to renew the relationship between tenants and landlords

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BSJP advises French group Alliando on the acquisition of Bayleg

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Acquisition in Slovak Real Estate Law – NEW RULES!

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Electronic breakthrough in the Polish National Court Register

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Changes in currency regulation and control law in Belarus

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BSJP delivers expert reports on EMS in Germany and Poland

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BSJP advised on the sale of a 108 MW onshore wind project portfolio in Poland

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Removal of a court-appointed liquidator on grounds other than dereliction of duty

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Clear rules for lobbying in Estonia

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New possibilities for Jewish émigrés from Germany and Austria, new obstacles for those from former Czechoslovakia

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New Belarus Company Law: debt-to-equity is now possible for everyone

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Life&Science news: Green light for purchase and sale of CBD products in Slovakia

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Lithuania: Remote notary services become possible

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Crowdfunding in Lithuania: in the wake of Regulation 2020/1503

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Changes in Latvian Labour Law to enhance posted workers’ rights

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Romania: Clarifications in the light of new rules on sale of agricultural land located outside built-up areas

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Apostilles have been discontinued in the entire EU for two years according to Regulation (EU) 2016/1191

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Romania: Significant steps for the reduction of business environment bureaucracy

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Romania: Electronic Archiving

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Abolition of so-called super-gross wage in the Czech Republic may raise take-home pay by several hundred or thousand crowns

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Czech emigrants and their descendants will have it easier to (re-)acquire Czech citizenship

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Austrian citizenship is easy to acquire for Austrian emigrants and their descendants; for German citizenship, the situation is not as straightforward, though some progress has been made

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Employment of professional drivers in Germany

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Should work in the same position for the same employer pay the same salary, regardless of whether the employee lives and works in Prague, in a large regional city, or in a tiny backwater?

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Romania: New barriers for purchasing agricultural land

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Change of mobile network operator in the Czech Republic now free of charge and immediately

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Romania: Discounted sales. Loss sales. Legal implications.

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Pre-emption right for share deals – company must provide information to municipality

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Lithuanian Supreme Court rules on dismissal by employer

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Practice of restitution of German citizenship pursuant of the Basic Law unconstitutional for decades

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CJEU confirms ban on free samples of prescription-only medicines to pharmacists

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Stricter rules for Lithuanian P2B platforms from July 2020

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Romania: Enforcing bank guarantee letter on failure to pay rent during the state of emergency

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On the status of the Lithuanian UBO register – companies already have obligations

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Frozen Lithuanian “Cepelinai” with Polish potatoes

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Current information on bankruptcy and restructuring law

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Proposed stricter Act on Czech Citizenship – increased demand on foreigners to prove their clean criminal record

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“Injury without Fault”: Lithuania strengthens patient rights Part 2

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“Injury without Fault”: Lithuania strengthens patient rights Part 1

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The new Czech Real Estate Brokerage Act has finally been adopted

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Another limited deductibility of exceeding borrowing costs in Czechia

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Lithuanian startup mentality against strict alcohol laws – this might now come to an end

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Abortion law in Poland – Conscience clause prevents legal abortions

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German UG can operate as a “Holding”

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Abortion law in Lithuania – Liberal law is constantly at stake

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Consequences of ineffective managing director contracts in Germany

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PPK in Poland – voluntary or obligatory for companies?

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Lithuania: New thresholds for tax-free daily allowances on business trips

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Ultimate Beneficial Owners Register in Poland

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Green light for reprocessing single-use medical devices in the EU?

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The fight for European Certificates of Succession continues in Olomouc and Luxembourg

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Slovakia: Agreement on employee wage deductions – employer as hostage?

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Bulgaria introduces a unified electronic system for tourist information

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No residence in Germany? Or in the Czech Republic?

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Naturalization for descendants of Nazi persecution victims pursuant to Art. 116 (2) of Germany’s Basic Law

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Czech meal allowance

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Meet our expert at the upcoming IBA Annual Conference in Seoul

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New rules for replica ID cards

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The German car toll violates European law

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ECJ: A1 also for non-EU citizens

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(Partial) abolition of the apostille legalization duty

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Posting of employees to Hungary

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New rules for garage parking spaces in residential buildings

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New rules on personal files in Poland

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Doctor appointments during working hours

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News in issuing a tax document from a received advance payment

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Keeping payroll records

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Tax obligations, rules and regulations affecting Airbnb short-term rentals

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Shredding (and archiving) of financial accounting records at companies

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Notarial deeds with direct enforceability clause and their pitfalls

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Launch of Eurasian Economic Union (EAEU) medicines registration procedure

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Online sales of Rx-medicinal products

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Legal framework for blockchain technology in Belarus

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De facto manager liability

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Ban on Sunday trading not for banks? Katarzyna Domańska-Mołdawa for Bankier.pl

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Public procurement of foreign medical devices in Belarus

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Extension of recourse liability in the B2B area

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Transparency register imposes new obligations on legal entities and trust funds

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Call-out service under new Labour Code

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Failure of attempt to impose further restrictions on cash payments

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Business Registers Interconnection System – BRIS

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Ban on sleeping in truck cabins

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Allowances for doubtful accounts

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Renovation of Kemeri sanatorium

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Belarus in global exchange of tax information

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VAT on intra-community deliveries of goods

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Standard maintenance and minor repairs in connection with the use of apartments

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Sanitary and hygienic examination of foreign-made products

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(Im)possibility of contractual limitation of damages under Slovak law

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Payment and repayment of shareholders loans and capital surplus

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Estonia’s new Building Code enters into force in July

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Security deposit for rental apartments

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The peculiarities and benefits of SICAV

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Interest-free loans

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Cash Pooling, the Czech Way

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New regulations on statutory warranty and contractual guarantee as of December 2014

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Common minimum wage in Germany

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Severance pay upon termination of employment

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EU funding vs. VAT deduction

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What to do with the statutory reserve?

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Restrictions on application of contractual penalty clause

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New indemnity rules

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Legal entities as managing directors or board members

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New rules for VAT deduction

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Judicial reform in Belarus

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The Income Tax Act after 1 January 2014

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Changes regarding purchase of agricultural land in Latvia

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What is “usufructuary lease”?

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English translation of all Estonian laws available online

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Insights & Perspectives – What we publish reflects how we think: direct, strategic and actionable.