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Registering the beneficial owner of a legal entity in 2023
Previous entries in the register of beneficial owners may no longer comply with the current legal regulation, as there have been several significant changes in this area with effect from 1 October 2022 due to the amendment to the Law on the Registration of Beneficial Owners. The entries in the register must be updated by …
Read moreSuccessful partial divestment – sale of engineering company VIKING CNC Prague
PEYTON legal represented the founder of Viking CNC Prague a.s. Jan Sørensen in the partial divestment his majority stake in the company to foreign investors represented. Viking CNC Prague a.s. is a design, production and manufacturing company specializing in CNC grinding solutions, focusing on production optimization, automation and mechanical design with over 30 years’ experience …
Read moreThe benefit of a trademark for business – an investment that pays off
Everyone knows or at least has a general idea of what a trademark means and what its main purpose is. But how does a trademark actually work in practice and what are its main advantages? In which cases should entrepreneurs not neglect to register a trademark and how to choose it correctly? The answers to …
Read moreRegister of beneficial owners in 2023
During the last year, there were again significant changes in the field of register of beneficial owners. The obligation to actively identify and register data on persons, who in fact own or control legal entities and other legal arrangements, is relatively new in the Czech legal system. Due to the absence of historically tested national regulation and …
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