Legal
New retirement savings product: new options for long-term investment
The government will discuss a long-prepared amendment concerning financial market developments, in particular amending the Act on Capital Market Undertakings and introducing a new retirement savings product: a long-term investment product known as a…
Svarc system detection to be easier for the state
The Ministry of Labour and Social Affairs wants to fundamentally change the definition of illegal work. The length of work should no longer be relevant to conclude that a relationship is unlawful. The purpose of the change is to make work easier for…
Amendment to Labour Code: further changes for workers under agreements outside…
Agreements to perform work and agreements to complete a job (i.e., agreements on work performed outside employment) are very popular in the Czech Republic. The updated wording of the proposed amendment to the Labour Code, which was published by the…
Amendment to Labour Code: major changes to remote work rules
A draft amendment to the Labour Code is heading to the chamber of deputies. The bill has undergone significant changes since last autumn when it was first published. From an employers’ perspective, the changes to the rules for working from home are…
Ukrainians in the Czech Republic losing temporary protection due to Canadian visas
Temporary protection is provided to foreigners who left Ukraine after 24 February 2022 in connection with Russian aggression and meet certain specified conditions. This type of residence permit allows free access to the labour market and offers…
Rules for residence and work of foreigners face significant changes
The Act on the Residence of Foreigners in the Czech Republic, stipulating the conditions for the residence and employment of foreigners, has proven to be obsolete as it does not sufficiently reflect mainly the requirements of the international…
Setting up company faster and easier from January
Founders of limited liability companies may now obtain a trade license even after the company has been incorporated/registered in the Commercial Register. Things should also be made easier by an official memorandum of association template, which…
Temporary protection period extended; foreigners must register online
In the November 2022 issue of Tax and Legal Update, we informed you about a government bill extending temporary protection of Ukrainian refugees by one year. During January, the amendment successfully passed through all stages of the legislative…
Class actions coming soon but not for all
Shortly before Christmas last year, the Ministry of Justice presented a bill on collective proceedings. The new legislation, which could enter into force as early as this year, will allow consumers to assert their identical claims against the same…
Notification obligation when employing foreigners also applies to foreign companies
One of the administrative tasks connected with employing foreigners is the employer's notification obligation towards the Czech Labour Office. Even Czech employers are often not aware of this obligation, or do not know how to deal with the…
How to set minimum share of low-emission vehicles in public procurement?
The new Act on the Support to Low-Emission Vehicles, which belatedly transposes into Czech law Directive (EU) 2019/1161 of the European Parliament and of the Council on the Promotion of Clean and Energy-Efficient Road Transport, stipulates a…
Amendment brings greater protection for farmers and food producers
An important amendment to the Act on Significant Market Power has successfully passed the legislative process and will enter into effect on 1 January 2023. In addition to introducing a broad list of prohibited business practices, it will now apply…