Some bad bews about Colt guys
(www.courant.com)
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I think it's the holding company for CZUB.
Colt and CZ have done business together in the past, Colt importing the Colt Z40. I think the failure in sales was Colt deciding to use that pistol as the basis for its rightfully ill-received "smart pistol".
Also guys, this isn't the first time Colt has gone bankrupt, and it's not the first time an American gun company was bought by a foreign company. Looking at you, Winchester.
The positive note is Czechs generally like shooting and would probably have similar gun laws to the US if they weren't mandated by the EU to be more strict.