Legal
GDPR: personal data can again flow freely from EU to US
In July, the European Commission adopted a key decision establishing the EU-US Data Privacy Framework. Its main aim is to ensure that personal data flowing into the US are protected in a way that is comparable to that guaranteed by EU countries. The…
DSA not just for big players
From 25 August 2023, large companies such as Google, Facebook, and LinkedIn must comply with new rules for handling illegal content and using targeted advertising. The rules are part of the EU's Digital Services Regulation known as the Digital…
Single environmental opinion: small step towards more straightforward construction…
The permitting of projects under environmental regulations will soon be easier, which may also accelerate construction proceedings. These changes will come about through a single environmental opinion (jednotné enviromentální stanovisko, or JES).
New class action act – what will it look like?
The bill on collective proceedings is heading to the chamber of deputies. This is the umpteenth attempt to comply with the requirements of the EU directive on representative actions for the protection of the collective interests of consumers, which…
Technical amendment to Act on Investment Companies and Investment Funds
At the beginning of August, the Ministry of Finance submitted to the government a draft amendment to the Act on Investment Companies and Investment Funds. The ministry thus responds to the requirements of capital market participants (changes…
Preventive restructuring – a new solution for companies in financial difficulties
In August, the senate approved a bill on preventive restructuring. It aims to help entrepreneurs avoid bankruptcy and enable them to deal with serious financial difficulties promptly and without public involvement.
New blockchain framework for capital markets
Blockchain, or distributed decentralised database technology, is currently finding increased use in many areas of law and business. Capital markets are no exception, and one of the most interesting developments is the introduction of a pilot regime…
Amendment to Labour Code changes rules for scheduling shifts
Following a recent judgment of the Court of Justice of the European Union (CJEU), Czech lawmakers have decided to modify the rules on providing weekly rest to employees when scheduling shifts: the CJEU deduced that daily rest is not part of the…
Strengthening cybersecurity: new law to tighten rules for Czech companies
The bill submitted by the National Cyber and Information Security Agency (NCISA) sets new obligations in cyber security arising from the NIS 2 Directive. A conservative estimate is that the number of entities affected by the new obligations will…
Changes in competition law: anti-trust office may use police wiretaps
On 29 July 2023, an amendment to the Act on the Protection of Competition entered into effect, significantly strengthening the powers of the Czech anti-trust authority, the Office for the Protection of Competition. Among other things, it provides…
Changes to rules for issuing Blue Cards
Effective 1 July 2023, significant changes have been made to the Act on the Residence of Foreign Nationals. The amendment primarily implements the EU Blue Card Directive and reflects some operational requirements. Any changes simplifying the…
Major changes to Foreigners’ Residence Act
Apart from implementing the EU Blue Card Directive into Czech law, the amendment to the Act on the Residence of Foreign Nationals introduces other fundamental changes from 1 July 2023.