Only a professionally competent person who has the required experience and equipment and holds the relevant licence may be an insolvency practitioner.
An individual or a general partnership may be an insolvency practitioner if they are licensed to practise insolvency. A general partnership practises insolvency through a notified partner, who must themselves hold the relevant licence.
An insolvency administrator must be a professionally competent person who holds a master’s degree, has passed the insolvency practitioner exam, is insured, has at least three years’ professional experience in a field related to insolvency practice, especially in law, economics, tax consulting, accounting, auditing or business management, and has the staffing and facilities necessary to practise insolvency.read more
Reference to legal acts
Section 6 et seq. of Act No 312/2006 on insolvency practitioners, as amended
Responsible Public Authority
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