Kategorie: Corporations
What 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 …
Read moreRegister of beneficial owners – the deadline for registration is approaching
Further to our previous articles on the registration of beneficial owners and Act No. 37/2021 Coll, on the registration of beneficial owners (hereinafter referred to as the “Act on the registration of beneficial owners”), in particular the article New legal regulation of the registration of beneficial owners – summary of fundamental changes, which clearly informs …
Read moreEmerging insolvency from the perspective of statutory body members and restructuring in the Czech legal environment
This article is a loose follow-up to our previous article on the increased risk of liability of members of the statutory body in the event of bankruptcy of a business corporation under the new legislation effective as of 1 January 2021. The aim of this article is to provide members of the statutory body of business corporations …
Read moreSelected aspects of reporting under the bill on the protection of whistleblowers
The government bill on the protection of whistleblowers (Parliamentary Document No. 1150) (hereinafter the “Whistleblower Protection Act”) is intended to bring a number of innovations to the Czech legal system in the area of protection of persons who report an unlawful act of which they become aware in connection to their work. Introduction Although the …
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