Legal
3 July 2019

Amendment to Asset Valuation Act to define market value

Draft amendment to the Asset Valuation Act submitted by the government to parliament aims to introduce a definition of market value as an alternative valuation method into Czech law. If passed, the new law should enter into effect on 1 January 2021.

Legal
3 July 2019

Revolution in AML to affect all legal entities

With the implementation deadline for the fifth AML Directive approaching, preparations of legislative proposals transposing it into Czech laws are underway, including, among others, an amendment to the Czech AML Act (No. 253/2008 Coll. – Act on…

Legal
4 June 2019

EU Copyright Directive finally adopted

In mid-May, the EU directive regulating copyright in the digital single market was published in the European Union’s Official Journal. The final and concrete extent of the new rights and duties will only be known once Czech legislators adopt the…

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