Kategorie: Business Law
What changes will the Amendment to Business Corporations Act brings?
The first major amendment to Act No. 90/2012 Coll., on Commercial Companies and Cooperatives (Business Corporations Act), as amended (the “Amendment”), of which we informed you already last year, was on 29 January 2020 signed by the President of the Czech Republic and will be published in the Collection of Laws in the coming days. …
Read moreStrengthening of consumer protection in light of technological and digital developments
At the beginning of this year, Directive (EU) 2019/2161 of the European Parliament and of the Council of 27 November 2019 (hereinafter referred to as the “Accompanying Directive“) entered into force, amending four existing EU consumer directives – Directive 93/13/EEC (on unfair terms in consumer contracts), Directive 98/6/EC (on consumer protection in the indication of …
Read moreHow to remedy unauthorized executive’s sole legal acts
In practice, it sometimes happens that a company is represented by only one member of its executive body (hereinafter the “executive”), although, according to the entry in the Commercial Register, joint representation by two or more executives is required. What a company should do if an executive has violated the “four eyes” principle, which is …
Read moreUpcoming amendment to the Czech Act on Significant Market Power
Following the adoption of the Directive 2019/633 of the European Parliament and of the Council on unfair trading practices in business-to-business relationships in the agricultural and food supply chain (the “Directive”), a draft law amending the Czech Act No. 395/2009 Coll., on significant market power in the sale of agricultural and food products and its …
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