Legal
Deal or no-deal. Brexit from an intellectual property rights viewpoint
Brexit, probably next year’s most important international event, will significantly affect many areas: from EU citizens’ rights, through finance sector regulations to the enforcement of British court judgments in the EU (and vice versa, of course).…
Have you registered your beneficial owner yet?
From January 2018, entities recorded in Czech public registers have to register their beneficial owners in a new register maintained by the registration courts. The law set a one-year time limit to do so. The deadline is slowly drawing to an end,…
Significant amendment to Labour Code returns
In August, the government began to discuss a document that will undoubtedly be familiar to some lawmakers and the professional public. A large amendment to the Labour Code, which the Chamber of Deputies in its previous structure did not have time to…
Uniform interpretation of crypto assets at hand?
An important voice has joined the pending discussions regarding the nature of crypto assets, i.e. virtual currencies, various tokens and initial coin offerings (ICO). In mid-October, a working group of the European Securities and Markets Authority …
Another step towards EU copyright reform
The media has recently been overflowing with news about the European Parliament approving a directive on copyright on the internet, including articles about a threat to freedom on the internet or the end of the internet in its current form. What…
Supreme Public Prosecutor’s Office updates methodology for corporate exoneration
Public prosecutors have so far lacked a tool to assess whether a corporate entity’s internal measures and efforts to prevent criminal activity are sufficient to avoid the entity’s criminal liability for their employees’ wrongdoings. An updated…
To what extent may the rights of members of limited liability companies be…
The Chamber of Deputies is currently discussing an amendment to the Act on Corporations. Below we present a summary of the amendment’s changes relating to the types of ownership interests in limited liability companies.
Quicker construction of motorways and other key infrastructure, at last?
An amendment to the Act on Accelerating the Construction of Transport, Water, Energy and Electronic Communication Infrastructure (No. 169/2018 Coll.) entered into effect on 31 August 2018. It primarily deals with the backbone motorway network, main…
Another step towards greater transparency of corporate structures?
An extensive amendment to the Corporations Act, prepared by the Ministry of Justice, is presently being debated by the Chamber of Deputies. In this article, we look into the changes that the amendment should bring for members of elected bodies of…
Spouse’s consent to share transfers not just a formality
A share in a business corporation held by a spouse forms part of the community property of spouses (‘community property’), with some exceptions. Although the other spouse does not become a shareholder (they cannot attend or vote at general meetings…
Labour Inspection’s statistics: breaches of Labour Code not worthwhile
The State Labour Inspection Office conducted nearly 25 thousand inspections and collected over CZK 218 million in fines in the past year, according to the published results of inspections of compliance with labour-law regulations. Inspectors mainly…
Another step towards a common capital market
In March 2018, the European Commission prepared a set of legislative proposals aiming to promote alternative sources of financing and remove barriers to cross-border investments. The EU thus continues its efforts to create a Capital Markets Union,…