Kategorie: Business Law
Obligation to distribute profits in a limited liability company?
Until now, it has been disputed whether the general meeting of a limited liability company can decide to keep all profits made in the company, even though there are no serious reasons for not distributing the profits among the shareholders. The current decision of the Supreme Court of the Czech Republic, Case No. 27 Cdo 1306/2023 of 29 …
Read moreESRS standards – S in ESG
In addition to environmental impacts, which you can read about in the previous article “ESRS Standards – E in ESG”, which can be found at the link here another area that ESG addresses is social factors or social responsibility. Although environmental factors receive the most attention across business, government and the general public, it is the …
Read moreESRS standards, reporting content and general reporting information
The CSRD, the European Union’s Corporate Sustainability Reporting Directive, will gradually introduce new obligations to provide more detailed and comparable information on the sustainability of companies and the non-financial aspects of their business from 2024. ESRS (European Sustainability Reporting Standards) provide guidance on what information companies will be required to report and how. The obligation …
Read moreUnjust enrichment from a contract that only one party knew had been terminated
In practice, it is quite common to encounter a situation where the contracting parties unknowingly continue to perform the contract on both sides, even though the contract has already expired and none of the original contracting parties is obliged to perform under the expired contract. When one of the original contracting parties discovers that for …
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