Kategorie: Business Law
Amendment to the transformations act
In line with the Government’s Legislative Work Plan for this year, the Ministry of Justice has submitted a draft amendment No. 1423/22 (the “Draft Amendment“) to amend Act No. 125/2008 Coll., on Transformations of Business Companies and Cooperatives, as amended (the “Transformations Act“). The proposal is intended to simplify the process of national and cross-border …
Read moreObligation 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” …
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