Kategorie: Corporations
Selected 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 …
Read moreCertainty of the business activity (scope of business) of a business corporation according to the current case law of the Supreme Court
On 12 May 2021, the Supreme Court of the Czech Republic issued a decision under Case No. 27 Cdo 3549/2020 (hereinafter the “decision“), which deals with the necessary certainty of the registration of the business activity (scope of business) in the Commercial Register. The common practice until the issuance of this decision was that business …
Read moreFilling financial statements in the collection of documents – new sanctions and requirements
Together with the amendment of the Act No. 90/2012 Coll., on Business Companies and Cooperatives (the Business Corporations Act), as amended (the “Business Corporations Act”), a relatively significant and fundamental amendment of the Act No. 304/2013 Coll., on public registers of legal and natural persons and the register of trust funds, as amended (the “Register …
Read moreIncreased risk of liability of members of the statutory body in the event of the insolvency of a business corporation after 1 January 2021
With this article, we would like to start a very current topic of the transformation of insolvency, which occurred after 1 January 2021 in connection with the amendment to the Business Corporations Act. The article deals with the topic of direct liability of members of the statutory body of business corporations for the insolvency. The amendment …
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