Selected measures to mitigate coronavirus impact
Currently on their way to the chamber of deputies are government bills aiming to mitigate the impact of the coronavirus pandemic. The bills should help debtors subject to enforcement proceedings and lessees of non-residential premises, as well as…
Ministry of Finance to abolish immovable property acquisition tax
The Ministry of Finance has announced its intention to abolish the tax on immovable property acquisitions and at the same time cancel tax deductions for new mortgages.
No penalty for late payment of health insurance premium by employers for employees
Pursuant to an amendment to the Act on Public Health Insurance, until 21 September 2020, no penalties will be imposed for the late payment of health insurance premiums for employees for the period from March to August 2020.
COVID-19 – Legal FAQs and their answers
Please consider the following answers our general comments on the current situation. If you are interested in the legal analysis of a concrete contractual relationship, the effect of the current measures on your business, or any other related legal…
Coronavirus infection - work accident or occupational illness?
Pursuant to the Labour Code, employers must compensate their employees for any damage or non-pecuniary harm incurred through an accident at work when performing work-related tasks or in direct connection with it. The same applies to occupational…
New calls in the fight against COVID-19
On 2 April 2020, the Ministry of Industry and Trade (MIT) announced new calls to participate in The Country for the Future and Czech Rise Up Programmes, focusing on support to fight COVID-19.
COVID-19 and transfer pricing
While liberation packages may mitigate the immediate effects of the COVID 19 pandemic on businesses’ financial performance, sooner or later, enterprises that are part of multinational chains (MNEs) will have to deal with the crisis’ consequences for…
Approval of financial statements of joint-stock companies and limited liability companies during the pandemic
Under the current circumstances, when the right to assemble has been restricted due to the spread of COVID-19, it remains to be discussed how corporations should fulfil their corporate duties, especially in connection with holding general meetings.…
Lex COVID – crisis measures in insolvency law
The government has approved a draft bill introducing, among other things, special measures to mitigate the insolvency law-related effects of the coronavirus pandemic. The objective of these measures is to avert the risks of mass insolvencies and to…
Lex COVID – special measures concerning legal persons
The declaration of emergency, closures of borders and related measures can make it impossible for some business corporations to hold meetings of their bodies, unless such situations have been envisaged in their memorandum of association. However,…
Applications accepted for guaranteed loans under COVID II programme
Applications for COVID II guaranteed loans are being accepted since Thursday, 2 April 2020. More detailed information on how to apply for this aid has also been published.
Loan guarantees for large enterprises – COVID plus guarantee programme
In cooperation with the Ministry of Industry and Trade and the Export Guarantee and Insurance Corporation (EGAP), the Ministry of Finance is preparing a programme to mitigate the impact of the coronavirus crisis on large export firms and…