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Law

EXPLOR CAPITAL IN INSOLVENCY - ASSISTANCE TO BONDHOLDERS IN RECOVERY

MJ
Mgr. Jiří Koubek
Attorney
ARROWS law firm
Published:Updated:

On 24 March 2023, the deadline for the owners of ExploR Capital a.s. bonds to file their claims in the insolvency proceedings began to run. ExploR Capital a.s. has been declared bankrupt by the insolvency court.

Hands using a calculator and pen, symbolizing financial recovery assistance for bondholders.

The company was engaged in, for example, the construction of sturgeon farms in Russia and allegedly owes CZK 172 million to its creditors from bonds alone.

For the creditors, the above means only one thing - if they are interested in getting at least part of their money back, they must file their claims in the insolvency proceedings within the above-mentioned time limit, which is 2 months. Late filed or not filed at all claims are not taken into account in the insolvency proceedings.

The law firm ARROWS ETL Global has extensive experience in representing owners of so-called "junk bonds" and currently, for example, successfully represents almost 600 bondholders in insolvency proceedings of Michal Mička's C2H group.

If you are one of the bondholders of ExploR Capital a.s. and you are interested in more information and a quote for our legal services, please contact us at koubek@arws.cz.

About the author

Mgr. Jiří Koubek

Associate

Jiří Koubek is an attorney at law specializing mainly in insolvency, real estate and litigation. He has participated in a number of insolvency proceedings, both on the side of creditors and debtors. He advises clients on crisis management both before and during insolvency proceedings. He represents clients in insolvency disputes, in creditors' committees and at creditors' meetings, prepares insolvency proposals, prepares and negotiates reorganisations or moratoria with creditors.
koubek@arws.cz245 007 740

Disclaimer:

The information contained in this article is for general informational purposes only and serves as a basic guide to the issue as of 2026. Although we strive for maximum accuracy, laws and their interpretation evolve over time. We are ARROWS Law Firm, a member of the Czech Bar Association (our supervisory authority), and for the maximum security of our clients, we are insured for professional liability with a limit of CZK 400,000,000. To verify the current wording of the regulations and their application to your specific situation, it is necessary to contact ARROWS Law Firm directly (consultation@arws.cz). We are not liable for any damages arising from the independent use of the information in this article without prior individual legal consultation.