Legal
ePrivacy to protect online data
Early this year, the European Commission released the first official draft of its ePrivacy regulation, a special regulation to the General Data Protection Regulation (GDPR). Both should enter into effect already on 25 May 2018. Yet, for ePrivacy,…
Abolishment of investment limits for qualified investor funds
The government passed a long-awaited amendment to the decree on investing of investment funds and the techniques of their management. Starting from 1 June 2017, qualified investor funds no longer have to diversify their assets in compliance with…
Amendment to the Act on Foreign Nationals’ Residence in the Czech Republic…
The Act on Foreign Nationals’ Residence in the Czech Republic regulates the conditions under which foreigners may enter our territory and sets the rules for issuing residency permits and visas. Its amendment, which is now being discussed in…
Effective date of the amendment to the Insolvency Act approaching
The comprehensive amendment to the Insolvency Act published in the Collection of Laws under No. 64/2017 Coll. enters into effect on 1 July. One of its most important changes expands and specifies the definition of bankruptcy. The amendment also…
New data processing consent required under GDPR?
The new EU General Data Protection Regulation (GDPR) is knocking on our door. Although the new rules are only to be followed from May 2018, due to the complexity of implementation a number of companies have started to prepare for them already. In…
EU taking a closer look at cross-border posting of workers
Within cross-border provisions of services, many entrepreneurs post their employees to temporarily work in other EU countries. As the services’ users in economically stronger member states might easily misuse cheaper labour from abroad, since 1996…
Banks fighting cyber threats jointly
The Ministry of Finance is preparing an amendment to the Act on Banks and the Act on Savings and Credit Unions. Its primary purpose is to modify these laws according to changes that have been made to related legislation. Additionally, a new…
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…
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…
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.
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…
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…