Kategorie: Business Law
ESRS 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 …
Read moreOn 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 …
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