Abstract
The liquidation of a company should, in the interest of creditors, shareholders and the public as such, be as swift as possible. However, if the company being liquidated is part of a long-term-agreement, a conflict of interest regarding swift liquidation arises for the party of the long-term-agreement and the duration of the agreement.
The Czech legal regulation evidently prefers the interest of the party of the agreement concerning the duration of the agreement, for the liquidation of the company does not represent special cause for termination of an agreement. Thus, the liquidated company has to agree with the other party on premature termination of the agreement, or has to reconcile with the duration of the liquidation until the expiration of the long-term-agreement