Kategorie: Business Law
Due diligence: What to check before buying a company
The term “due diligence” is an established term within M&A (transactional) advisory that refers to the legal, economic, financial or technical review of a company that is subject to a transaction (often referred to as a target). The specifics of each transaction require an accurate, thorough and tailor-made due diligence, which increases the pressure on …
Read moreCzech Supreme Court’s new decision brings fundamental news in corporate law
Recently, the Czech Supreme Court has issued a groundbreaking decision file no. 27 Cdo 3885/2017 of 27 March 2019[1], in which it provides a legal analysis of fundamental and frequently discussed topics in the corporate law. You will find below a summary of important information and further description of opinions made by the Supreme Court in the …
Read moreBusiness corporations act amendment
The extensive amendment of the Act No. 90/2012 Coll., on Commercial Companies and Cooperatives (Business Corporations Act) (“Business Corporations Act“), is now in the legislative process. The amendment of Business Corporations Act reflects primarily legal opinions of professional public. The most fundamental changes are in particular changes regarding: the conception of monistic system of internal …
Read moreEmployee participation in the supervisory boards of joint stock companies is back
On the basis of amendment No. 458/2016 Coll., which amends Act No. 90/2012 Coll., on Commercial Companies and Cooperatives (Business Corporations Act) (the “Business Corporations Act“), which entered into force on 14 January 2017, the compulsory participation of employees in supervisory boards of joint-stock companies with more than 500 employees in the permanent (full-time) employment …
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