Právní otázky poskytování finančních služeb

The thesis comprehensively desribes the issue of process management buy-out in the Czech conditions - especially from the legal and tax point of view. Although in the theory the process of management buy-out is generally regarded as a transformation of a company, the thesis analyzes why in the Czech Republic the management buy-out cannot be regarded as a transformation of a company and what form this kind of transaction usually has in the Czech legal environment - the assignement of the enterprise. The thesis brings together the pros and cons of the various financing options for management buy-outs and also explains on a specific case the dependence of the amount of financial costs on the securing of the operation and on the way of financing of the operation. The thesis also emphasises the chronology of the each step of the whole transaction when the securing must be established before the financing, eventually that funds for financing of the transaction must be directly linked to the establishment of securing.