Tag Archives: Czech Republic

Important Changes in Czech Corporate Law Introduced by the Proposed Amendment to the Czech Business Corporations Act

As of 1 January 2014, the Czech Republic has enacted new legal rules regarding the corporate law presented in the act no. 90/2012 Coll., Business Corporations Act (the “BCA”). Meanwhile the new regulation was settling in, the practice has discovered a number of gaps and shortcomings of the new law and thus the lawmakers has … Continue Reading

Another step forward towards the collective redress mechanism in the Czech Republic

Last year, the Czech Ministry of Justice published a draft Act on Class Actions (“Act”), which was created in the aftermath of European Commission’s proposal to enact a directive on representative actions. Although the European Commission’s proposal is aimed at boosting consumer protection in the European Union, the Czech draft Act goes one step further … Continue Reading

Digital Constitution passes the first round in the Chamber of Deputies of the Czech Republic

Recently, legislators in the Czech Republic made an important step towards strengthening the rights of natural and legal persons as “clients of public authorities” to the provision of services by public authorities in the form of digital services. The draft Act on the Right to Digital Services (“ARDS”), also called “Digital Constitution”, presents a revolutionary … Continue Reading

Employees go voting in CEE – what you need to know as HR professional

Between 23 and 26 May 2019, more than 400 million European citizens will have the right to vote in the European Parliament elections. This is where the similarities between the CEE countries seem to end. Voters in the Czech Republic will be voting on 24 and 25 May 2019, in Slovak Republic on 25 May … Continue Reading

Is it safe?

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

Registration of a lease in CEE – should it be on your checklist or not?

When two do the same, it is not the same. This old saying is true especially when comparing legal regulations in different countries. Businesses that are present in various jurisdictions sometimes tend to expect the same, when, at first glance, the regulation seems to be similar.… Continue Reading

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

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

Squire Patton Boggs step closer to crown its efforts

Increasingly in recent years, businesses and other organizations have sought to understand the complex nature of the legal relationships between the European Commission, EU member states and the European Parliament, and to engage more effectively with “government,” whether at local, national or European levels. Some governments across Europe have been stepping up to address this … Continue Reading

Recent Supreme Court Decision Threatens Effective Enforcement of Foreign Arbitral Awards

The Czech Supreme Court held that foreign arbitral awards falling within the scope of the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards can only be enforced by Czech courts (through procedures available under the Czech Civil Procedure Code) rather than by private bailiffs under the Czech Enforcement Code. The decision, available … Continue Reading

“Right for Payment Account” as an Instrument to Strengthen Consumers’ Protection

With effect from 1 March 2017, Czech Act No. 284/2009 Coll. on Payment System (the Act) has been amended in accordance with the Directive No. 2014/92/EU on the comparability of fees related to payment accounts, payment account switching and access to payment accounts with basic features (the Directive). One of the purposes of the Directive … Continue Reading

New Obligations for Large Companies in the Czech Republic

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

Czech Republic: License needed for consumer loans

Significant changes affecting consumer loans regulation in the Czech Republic are coming. The new consumer loans law (Act No. 257/2016 Coll., on consumer loan) was approved during the summer and will be effective as of 1 December 2016. It implements current European Directives into Czech laws, in particular the Directive on credit agreements for consumers … Continue Reading
LexBlog