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Whistleblowing and data protection
The Act on Protection of Reporting Persons (“the Act“), will come into force on 1 August 2023, and for obliged entities, this means, among other things, the obligation to introduce an effective internal reporting system by that date, while obliged entities employing between 50 and 250 employees on the effective date of the Act have a longer implementation …
Read moreSuccessful transaction – acquisition of the telecommunications company Raycom
PEYTON legal represented the new investment fund MAM Private Equity Fund SICAV a.s. in the acquisition of Raycom s.r.o., a major distributor in the telecommunications segment. The Raycom group operates on the Czech, Slovak and Polish markets, where it handles supplies, production and installation of telecommunication technology and assists mobile operators in building their networks. …
Read moreSuccessful transaction – sale of the IT company SYSCOM SOFTWARE
PEYTON legal represented the previous owners in the sale of a major IT company SYSCOM SOFTWARE to the Czech technology group Aricoma which is a part of Karel Komárek’s KKCG investment group and is the biggest provider of ICT services in Czech Republic and Slovakia. SYSCOM SOFTWARE specialises in the development of software for public administration …
Read moreThe Designated Person in the Context of the Protection of Whistleblowers
The Act on Protection of Reporting Persons (the “Act“) became final and was published in the Collection of Laws on 20 June 2023. The Czech Republic has thus fulfilled its obligation to implement Directive (EU) 2019/1937 of the European Parliament and of the Council of 23 October 2019 (the “Directive“) into its legal order, although …
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