Kategorie: Business Law
Obligation of the statutory body to waive the increase in remuneration for obtaining a subsidy from the Program of support for the increased costs of gas and electricity
On 14th September 2022, the Government of the Czech Republic approved the Program of support for the increased costs of gas and electricity as a result of the exceptionally rapid increase in their prices (hereinafter the “Program”), after which the Ministry of Industry and Trade of the Czech Republic (hereinafter the “MPO”) subsequently announced Call …
Read moreRegistration of beneficial owners in a new format: redefinition of the concept of beneficial owner and other changes
On 1 October 2022, Act No. 245/2022 Coll.[1] (hereinafter as the “Amendment”), which is a substantial amendment to Act No. 37/2021 Coll., on the Register of Beneficial Owners, as amended (hereinafter as the “BO Act”), will enter into force. Generally The Amendment significantly changes the existing rules for registering the beneficial owner of legal entities …
Read moreSuccessful transaction – acquisition of TANY
DEAL DONE – TANY PEYTON legal represented the ADAX private equity fund (ADAX Private Equity Fund SICAV a.s.) again in its second strategic acquisition, which was the company TANY, spol. s r.o. TANY is one of the major producers of processed cheese in the Czech republic; apart from its own brands (such as the “Delicato” …
Read moreAdvance on shareholder’s and member’s profit share
In its recent decision,[1] the Supreme Court of the Czech Republic has considered the nature of advances on profit share paid by a joint-stock company to its shareholders. This decision is interesting in that it clearly defines the nature of the advance on profit share and further determines which corporate body should decide on it. …
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