Legal

Amendment to Act on Banks

The implementation of CRR II and CRD V has been delayed. The amendment introduces changes to the responsibility of banks, credit unions and securities brokers and new authorisations of the Czech National Bank. Financial institutions must prepare…

August brings significant changes to regulation of foreigners’ residence in the CR

An amendment to the Act on Residence of Foreign Nationals has undergone a dramatic legislative process. After being vetoed by the senate and subsequently overruled by the deputies, the amendment was signed by the president and promulgated in the…

Labour Inspection Office focuses on illegal employment and unlawful labour hire…

Illegal work and concealed agency employment are offences associated with the highest sanctions in the labour-law sphere, as the Labour Inspection Office may impose fines of up to CZK 10 million on employers. The office has been focusing on…

Amendment to Foreigners’ Residence Act not passed by Senate

In mid-June, the Chamber of Deputies approved the long-awaited bill to amend the Foreigners’ Residence Act and passed it on to the Senate. On 1 July, the Senate rejected the amendment. Below, we present the changes that the amendment was intended to…

Registration of beneficial owners’ first month

The Act on the Registration of Beneficial Owners, a ground-breaking legal regulation, entered into effect on 1 June 2021. Since this date, the registry of beneficial owners has been available to the public and allows individuals to obtain a partial…

Beware of new standard contractual clauses when transferring personal data outside…

The European Commission has adopted two implementing regulations with significant impact on personal data processing. Effective from 27 June 2021, it is possible to use new standard contractual clauses for transferring personal data from the EU/EEA…

Detailed home office regulation still not in sight (II): employee monitoring

In this article, we deal with the pitfalls that the monitoring of employees working from home may pose for employers. In this case, the employer’s right to know whether employees are performing the assigned work during working hours and are not…

Current developments in green finance

Although the Czech Republic is hardly a European leader in green investment and sustainable finance, financial institutions, headed by big banks, are getting ready for the new regulation. Apart from increasing transparency, the following years will…

Last year’s development of competition law – Czech Anti-Trust Office case law (II)

In this article, we summarise the decision-making practice of the Office for the Protection of Competition (“Anti-Trust Office”) in individual areas, including related statistics. We also focus on how successful competitors have been in…

Ministry of Labour and Social Affairs provides easier labour market access for…

The employment of foreigners has long raised a number of practical questions that employers and foreigners themselves often find difficult to answer. The Act on the Residence of Foreign Nationals in the Czech Republic (Foreigners’ Residence Act) or…

COVID-19 vaccinations for employees posted abroad

Vaccinations against COVID-19 are in full swing in the Czech Republic. Currently, 30-year-olds may register to get their shots; from June, registration should open for all persons over the age of 16. This means that virtually the entire productive…

Detailed home-office regulation still not in sight

While with the COVID-19 pandemic working from home has been a hot labour-law topic for over a year, its detailed regulation in the Labour Code is still missing. This should change with the amendment to the Labour Code proposed by KDU-ČSL deputies.…