Kategorie: Business Law
Advance 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. …
Read morePlanned changes to consumer legislation in the Czech Republic
Consumer protection legislation in the Czech Republic is likely to see further significant changes in the near future. A government bill amending Act No. 634/1992 Coll., on Consumer Protection, as amended, and Act No. 89/2012 Coll., the Civil Code, as amended, has been submitted to the Chamber of Deputies of the Parliament of the Czech …
Read moreDual Quality of Food
On 27 April 2021, the Czech Act No. 174/2021 Coll. was published in the Collection of Laws, which, among other things, amended the Czech Act No. 110/1997 Coll., on Food and Tobacco Products and on amendments to Certain Related Acts, as amended (the “Food and Tobacco Products Act”). In general In addition to other changes, …
Read moreWhat is the new draft law on preventive restructuring supposed to bring?
At the end of July 2021, the Ministry of Justice submitted for comments a draft of a completely new Act on Preventive Restructuring (the “Act“) to transpose the European Directive on Restructuring and Insolvency[1] (the “Directive“) into Czech law. Generally The comment procedure on the draft Act was closed on 27 August 2021, and it …
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