Legal
Virtual currencies – a risk-free chance to get rich?
Are you planning to invest in virtual currencies? Beware: according to EU regulatory bodies, trading in bitcoins and other similar units entails more risks than one would expect.
Truckers’ fight for minimum wage heats up
For years, EU regulations guarantee the rights of posted workers to the working conditions applicable in the country of the posting, if such conditions are more advantageous. This rule also covers remuneration. Until recently however, the protection…
New insurance distribution
A new Czech law transposing the EU Insurance Distribution Directive into our legal system will be adopted at the last moment. It should primarily enhance the transparency of intermediaries and the protection of consumers.
EU to liberate non-personal data?
Recently, much attention has been paid to the new EU General Data Protection Regulation (GDPR) that provides for the protection and free movement of personal data. The European Commission has now passed a proposal for a directly applicable…
Top ten legal news items for businesses in 2018
What will the upcoming year bring for businesses? Below, we present an outline of the most important legal changes in the area of financial services, social security and personal data protection.
EU to enhance rights of posted workers
For a long time, the EU has been fighting inequalities in the remuneration of workers posted abroad, and the subsequent competitive advantages of companies from countries where labour is cheap. To approximate the rights of all those working at the…
Justice ministry prepares procedural law recodification
The Minister of Justice has presented an outline of the new civil procedure rules under preparation and intended to replace the current Civil Procedure Code.
Pitfalls of outsourcing: The ‘Švarc system’ and agency employment
With the recent economic growth, the demand for employees has been increasing, making them scarce goods. Shortages of staff may be partly resolved by outsourcing some activities. This approach, however, entails numerous pitfalls, most importantly…
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…
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…
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.
Government outlines new possibilities of regulating sharing economy
The Office of the Government published its analysis of possible ways to regulate the sharing economy and digital platforms. It primarily targets the most widespread accommodation and transport services.