Tag Archives: corporate

Cross-border reorganizations in the EU: how will the new rules affect the process?

By Marek Hrubeš and Simona Zajickova on Posted in Corporate, Legislation Update, M&A, Transactions
Cross-border mergers have become an integral part of corporate restructurings within the EU internal market. Groups have been taking advantage of the harmonized rules to move or consolidate operations, ownership of assets and liabilities across the member states – for instance, many corporations used cross-border mergers to reorganise their structures as a result of Brexit.  … Continue Reading

Czech FDI Screening Bill – Get Ready For New Regulatory Challenges

By Marek Hrubeš on Posted in Corporate, Energy, Infrastructure, Legislation Update, Uncategorized
As we recently observed in many states across the EU, national lawmakers have been coming up with bills that put in place mandatory non-EU FDI (foreign direct investment) approval requirements. The purpose of this legislation is to give state authorities competence to assess risks to national interests arising from such FDI and, if necessary, take … Continue Reading

Is it safe?

By Ivan Chalupa on Posted in Corporate
Under Czech law, can a statutory body member of a Czech company escape from the risk of his/her liability, if a certain action (e.g. entering into a contract on behalf of the company) is approved by GM or the sole shareholder in advance? Directors of Czech limited liability companies and members of boards of directors … Continue Reading

High Court in Prague sheds some light over the definition of a significant part of an enterprise 

By Squire Patton Boggs on Posted in Contracts, Corporate, Legislation Update, Transactions
Like any other major change of legislation, the recodification of Czech private law in 2014 has raised a long list of interpretation issues. At the end of August 2018, the High Court in Prague outlined (since the decision has not yet been confirmed by the Supreme Court) an interpretation with respect to one of the … Continue Reading

New Obligations for Large Companies in the Czech Republic

By Squire Patton Boggs on Posted in Corporate
Large companies in the Czech Republic will have to comply with new corporate and social responsibility obligations. First, starting January 14, 2017, employees in joint-stock companies with more than 500 employees in an employment relationship will have the right to elect and recall at least one-third of members of the supervisory board, unless articles of … Continue Reading

The Best Way to Set Up – Branch or Corporate Entity: What is the Most Suitable for Your Business in Hungary?

By Squire Patton Boggs on Posted in Corporate
There are several standard legal entities through which a person may do business in Hungary. The most common and popular ones are (i) a limited liability company and (ii) a joint stock company. The most common legal entity in Hungary is a limited liability company, mainly due to lower administrative burdens. Joint stock companies are … Continue Reading
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