Legal

Consumer credit: new obligations for providers and new rights for consumers

In October, the EU directive on credit agreements for consumers entered into force, replacing the previous directive from 2008. The need for new consumer credit legislation arose due to rapid technological developments and the ongoing digitisation…

Notification obligations for parties to mergers and procurement procedures

Until recently, EU state aid rules regulated only subsidies granted by EU member states. Subsidies from third countries were not regulated, which gave their recipients an advantage over other operators on the EU market. This is now to be prevented…

Consolidation package - labour law perspective

The Act on the Consolidation of Public Budgets, or the consolidation package, brings numerous changes in labour law, in particular new obligations for both employers and employees. Major changes concern agreements to perform work outside employment.…

Indexation of minimum wage and abolition of vacation scheduling – further changes to…

One major amendment to the Labour Code has barely entered into force, and the government is already discussing two more amendments. According to the proposal of the Ministry of Labour and Social Affairs, the mechanism for increasing the minimum and…

Mobility Directive to facilitate cross-border transformations

Companies in the EU can cross national borders by means of cross-border transformations. Current Directive (EU) 2017/1132 on certain aspects of company law only regulates cross-border mergers. This is now changing, as amending Directive 2019/2121 …

Trusts as employee remuneration option

Creating schemes whereby employees participate in their employer's profits is a modern and innovative way of remunerating employees. Stock option plans (ESOPs) and other employee participation programmes are rather more common in the international…

De minimis aid limit to increase substantially from January 2024

Along with 2023, two important state aid regulations are coming to an end: the general regulation on de minimis aid (De Minimis Regulation) and the regulation on de minimis aid for providers of services of general economic interest (SGEI De Minimis…

New EU rules: increased liability of payment service providers

The European Commission has published a proposal for the Directive on Payment Services in the Internal Market (PSD3) and a proposal for the Regulation on Payment Services (PSR). Their aim is to revise current legislation to reflect rapidly changing…

News in health insurance for foreigners

The last amendment to the Foreigners’ Residence Act has brought significant changes. Some of them, such as the abolition of the monopoly of the general health insurance company (VZP) have already taken place. What else has changed, and what will the…

Amendment to Labour Code effective: what are the changes?

Except for some provisions, the long-discussed amendment to the Labour Code entered into effect on 1 October 2023. The most significant changes concern workers under agreements to perform work and agreements to complete a job (agreements on work…

Liability for employee wage claims in subcontracting chains in construction

Although a major amendment to the Labour Code has only entered into effect recently, the Ministry of Labour and Social Affairs is already preparing further changes and has submitted to the government a draft amendment introducing the liability of…

Act on investment companies and investment funds: transfer of assets and liabilities…

At the beginning of August, the Ministry of Finance submitted to the government a draft amendment to the Act on Investment Companies and Investment Funds, explicitly stipulating the possibility of mergers (acquisitions) between capital companies …