Kategorie: Business Law
On the reasons for the employer’s withdrawal from the competition clause
In its recent decision of 13 December 2023, Case No. 31 Cdo 2955/2023 and published on 11 January 2024 (hereinafter as the “Decision”), the Supreme Court of the Czech Republic dealt with the conditions of the employer’s withdrawal from the agreed competition clause in the employment contract, where it departed from its previous decision-making practice …
Read morePreventive Restructuring Act: a new framework for companies in financial difficulties
In today’s globalised world, businesses often face challenges that can lead to temporary financial difficulties. To support the resolution of such problems, Act No. 284/2023 Coll., on Preventive Restructuring, was adopted with effect from 23 September 2023. It’s aim is to transpose Directive (EU) 2019/1023[1] on restructuring and insolvency (the “Directive”) into Czech law, which offers legal …
Read moreContract for the Provision of Digital Content
With the arrival of the Three Kings, on 6 January 2023, the highly anticipated and until then the most extensive amendment to civil law came into force, which is called the Three Kings amendment and/or the button amendment in connection with part of its content. It was published in the Collection of Laws under No. 374/2022 …
Read moreRegistering 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 more