Kategorie: Civil Law
Preventive 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 moreLimitation of a claim for payment of an invoice
When does the limitation period start to run about a claim for payment of an invoice for goods or services supplied? Until now, the prevailing view has been that the subjective three-year limitation period, within which an action for payment of an invoice owed was required to be brought for the claim not to be …
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 moreNew obligations for notification of discounts under the amendment to the Consumer Protection Act
On 6 January 2023 Act No. 374/2022 Coll., amending Act No. 634/1992 Coll., on Consumer Protection, as amended, and Act No. 89/2012 Coll., the Civil Code, as amended, entered into force. In particular, this Act transposes two EU Directives, namely Directive 2019/770 of the European Parliament and the Council and Directive 2019/2161 of the European …
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