Legal
Amendment to the Labour Code (Part II): delivery rules
The Labour Code stipulates documents that only have legal effect once they have been delivered to the employee’s own hands. Apart from documents concerning the establishment, change or termination of employment, these include, e.g., itemised wage…
New Real Estate Brokerage Act to enhance consumer rights
The Real Estate Brokerage Act entered into effect on 3 March 2020. Potential buyers, sellers or users of real property will gain a range of new rights.
Coronavirus – new challenge for employers
The spreading of the coronavirus infection puts companies in a difficult position. HR specialists in particular worry about how to effectively protect employees while keeping their business in operation. The situation is further complicated by the…
How to shield your business from the impact of COVID-19
The first cases of COVID-19 (Coronavirus) infection have been confirmed in the Czech Republic. So far, nobody has been able to predict with certainty what course this epidemic will take and how the Czech economy will be affected. Hence,…
News in cross-border business conversions – demerger by separation
Demergers as a form of business conversion quite common in the Czech context and a useful tool to manage risks and tax aspects of transactions, have finally been harmonised on the EU level. The amendment to the respective directive introduces new…
New CRD and CRR
The Ministry of Finance has prepared a bill implementing the CRD V directive and CRR II regulation. The new EU legislation brings changes affecting mainly the banking sector as it revises the rules of capital adequacy and capital reserves and…
Labour Inspection Office focuses on concealed mediation of employment – CZK 10…
The fact that illegal work is closely watched by the Czech Labour Inspection Office is nothing new for employers. ‘Svarc’ systems (where workers formally maintain a self-employed status while in fact carrying out dependant work) or the employment of…
Amendment to the Labour Code (part 1): at least 160 hours of vacations for all
An extensive amendment to the Labour Code has been on the deputies’ agenda since January. In the upcoming issues of Tax and Legal Update, we will summarise for you the amendment’s major changes. In the first of a series of articles, we will look…
BankID passed by Chamber of Deputies
At the end of last year, the Chamber of Deputies passed an amendment to the Banking Act, establishing preconditions for the wider use of BankIDs and opening the market for electronic identification services. The amendment has yet to pass through the…
Current pitfalls of hiring employees from third countries
Employers often find it impossible to staff all open positions with domestic job applicants and have no other option than to hire foreigners. While for EU citizens, the formalities needed before they may start work can be arranged within a day,…
No more paper, e-sick notes are here!
On 1 January 2020, an amendment to the Sickness Insurance Act entered into effect and launched the electronic sick note project. E-sick notes should simplify the exchange of information between sick employees, district social security…
Changes brought by the amendment to the Corporations Act - I
The proposed amendment to the Corporations Act, which the deputies will be voting on again in January after it was returned to them by the Senate, is to enter into effect from 1 January 2021 and will bring a relatively high number of changes. We…