Legal
Amendment to the Building Act simplifies construction permits
An amendment to the Building Act has passed its second reading in the Chamber of Deputies. The main change that it brings is the new concept of a joint zoning and building procedure, including the possibility to issue a joint ruling for such a…
How to tackle damages relating to competition law?
At the end of 2016, the government submitted to the chamber of deputies a bill on damages relating to competition law, aiming to facilitate the recovery of damages for infringements of national and EU competition law on a private-law basis.
Do you know about switching?
Are you happy with the bank in which you have your account? If not, do not despair: changing or switching banks will become an easy matter from as early as March of this year. Owing to an amendment to the Act on Payment Services, implementing…
New non-profit sector bill proposed
A long-awaited draft Act on Publicly Beneficial Status, which aims to enhance the transparency and trustworthiness of non-profit organisations by recording their publicly beneficial status in a public register, has finally been prepared. Although…
Stricter control over employees’ personal data protection
The legal framework regulating the handling of employees’ personal data is going through significant changes. One of them is the adoption of the EU General Data Protection Regulation (GDPR), substantially changing the rules for the treatment of…
Into the new year with an amended Civil Code
Two days before the third anniversary of the Civil Code’s effective date, its first overall amendment was published in the Collection of Laws as Act No. 460/2016 Coll. It has brought about some significant changes, the most crucial of which we…
An end to malicious insolvency petitions?
The Senate is currently debating an amendment to the Insolvency Act, aiming, among other things, to introduce the preliminary assessment of insolvency petitions if maliciousness is suspected. The amendment should also limit the influence of…
Employees back on supervisory boards
The historically first amendment to the Corporations Act found its way through the legislative process and a day before year-end was promulgated in the Collection of Laws under No. 458/2016 Coll. With it, for some companies, the familiar duty of…
Long awaited amendment to the Corporations Act
Soon, we will mark the third anniversary of the Act on Corporations and Cooperatives (Corporations Act) coming into effect. Since the beginning, its application has been wrought with difficulties due to its inaccuracies and deficiencies. An…
A new IFRS16 Leases standard
The International Accounting Standards Board (IASB) issued a new IFRS16 Leases standard, introducing considerable changes in the method of accounting for leased assets. The new standard will affect a large number of business entities. Even though…
Corporate criminal liability after the amendment
All corporations should take note: on 1 December 2016, the awaited amendment to the Corporate Criminal Liability Act entered into effect. A number of significant changes should not escape the attention of any corporate entity – whether a…
With a lease of business premises you may be taking over the previous tenant’s…
The Supreme Court recently dealt with two similar cases – hospitality entrepreneurs started to operate in leased premises whose former tenants had carried out similar business activities. The new tenants were up for a most unpleasant surprise:…