Legal
8 November 2017

PSD2: Amendment to payment services regulations

An amendment to the Act on Payment Services, implementing PSD2, the Second Payment Services Directive, into the Czech legal system, was passed a few days ago. The amendment introduces important changes in the area of online payments.

Legal
8 November 2017

Quiet revolution in dividend payment?

With the effective date of the Corporations Act four years ago, a new chapter of corporate law started to be written. While some old concepts have explicitly been abandoned by the new law, some changes are only appearing gradually, as the…

Legal
8 November 2017

A big amendment to Labour Code is out of game

Already in February 2016, the Ministry of Labour presented its draft amendment to the Labour Code, aiming to significantly change this fundamental labour law. The deputies, however, did not manage to discuss the draft before the term end. As much as…

Legal
13 October 2017

LES unconstitutional

In the last issue of Tax and Legal Update, we briefly informed on the proposed amendment to the Act on the Czech Chamber of Commerce introducing the Legal Electronic System – LES. Today, we will look into some of the system’s deficiencies.

Legal
13 September 2017

Private enforcement of competition law made easier

The new Act on Compensation of Damage in the Area of Competition has successfully passed through the legislative process. It should make it easier to claim civil damages for the infringement of competition laws through cartels or abuse of dominant…

Legal
13 September 2017

Less administration for entrepreneurs

The senate has passed an amendment to the Trade Licensing Act that brings some administrative simplifications. Among other things, in abandons the entrepreneurs’ duty to provide to the trade licensing authority certain data available from the Trade…

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