Petr Smutny is a partner at PwC in the Czech Republic and a leader of Business Recovery Services team in CEE. Petr has over 26 years of consulting experience, specializing in Independent Business Reviews and preparation of restructuring plans. Petr led some of the largest restructuring projects in the Czech Republic, operating in a wide range of industries including steel & machinery, automotive, mining, consumer goods and other industries. He also participated in major restructuring projects in Slovakia, Poland, Croatia and Slovenia. Petr’s team is widely regarded as the leading insolvency advisory practice in the Czech market. Petr was engaged in all recent major insolvency cases in the market. Petr led the project of financial restructuring of Hidria Group that was perceived as the landmark restructuring project in Slovenia. Peter also led two restructuring cases, which were both selected as the project of the year by the Europe Turnaround Management Association (TMA Europe) - complex restructuring services in insolvency trustee support of SAZKA a.s. and complex restructuring services in insolvency Preparation of distress M&A of company Kordárna a.s. Petr’s team is also responsible for NPL portfolio transactions in the region. Petr is very active in Slovenia and Croatia, developing NPL / NPA portfolio market and cooperating closely with local financial institutions and international investors. Among others, Petr has been involved in the project of €800m corporate NPL disposal in Slovenia and Croatia. Petr is the President of the Turnaround Management Association in the Czech Republic, which serves as an interdisciplinary platform for exchanging knowledge and experience between restructuring and insolvency practitioners. Under the auspices of TMA, Petr has been involved in the training of bankruptcy specialists at major banks, as well as a number of judges involved in insolvency proceedings. As a member of an advisory body to the Czech Ministry of Justice, Petr is involved in reviewing and proposing legislative changes in the field of corporate insolvency.
16 January, 2020