Kategorie: Corporations
Legal regulation of the register of beneficial owners awaits changes
The existing legislation on the registration of ultimate owners has not yet fully met the presumed expectations, particularly in its contribution to the fight against money laundering or the prevention of conflicts of interest. Business corporations were obliged to register their beneficial owner in the Register of beneficial owners by 1 January 2019, but only …
Read moreNew Directive on Restructuring and Insolvency shall ensure that entrepreneurs – individuals have a possibility to achieve a full discharge of debt
A new Directive on Restructuring and Insolvency (hereinafter the “Directive”) [1] entered into force on 16 July 2019. Not even three months after the large-scale domestic regulation concerning discharge of debt came into effect it is sure that there will be further changes in this area in the next two years.[2] The expected adjustments will …
Read moreAcquisition of an operator of a portal ProAlergiky.cz and PreAlergikov.sk
PEYTON legal represented the company STROH und Soehne s.r.o. in a successful acquisition of Cyril & Metoděj, s.r.o., a company operating the web portal ProAlergiky.cz, which is the largest e-shop specialising in goods and accessories for people with allergy and portal PreAlergikov.sk.
Read moreTransfer of a part of the business enterprise and necessity of approval of the General Meeting
The Czech Supreme Court in its judgment file no. 27 Cdo 2645/2018 dated May 29, 2019 commented on the matter of transfer of a part of the business enterprise and the necessity of approval of the General Meeting pursuant to the Section 190 par. 2 letter i) of Czech Act No. 90/2012 Coll., on Commercial …
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