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The beneficial owner of a legal entity – Novelization of the Czech AML Act (part one)

The beneficial owner of a legal entity – Novelization of the Czech AML Act (part one)

This article is focused on the new legislation of the beneficial owner of a legal entity in the Czech Republic, which was brought by the novelization of the Act. No. 253/2008 Coll., on the prevention of money laundering and terrorist financing (“the AML Act”) and became effective as of 1st ... Read More »

New public procurement in the Czech Republic – part three

New public procurement in the Czech Republic – part three

Our last article devoted to the new public procurement in the Czech Republic is concentrated on the possibilities how an economic operator may protect against illegal practices of the contracting authority during the public procurement procedure pursuant to the new law, which is embodied in the Act No. 134/2016 Coll., ... Read More »

New public procurement in the Czech Republic – part two

New public procurement in the Czech Republic – part two

This article is focused on the basic characteristic of new types of public procurement procedure according to the new Act No. 134/2016 Coll., on public procurement, effective as of 1st October 2016. BASIC CHARACTERISTIC OF TYPES OF PUBLIC PROCUREMENT PROCEDURE Open procedure It is a single-phase procedure, in which any ... Read More »

Important legal news applicable as of 1st December 2016 in the Czech Republic

Important legal news applicable as of 1st December 2016 in the Czech Republic

A brief insight into three significant legal acts, which will become effective in the Czech Republic as of 1st December 2016: 1.    The Act No. 183/2016 Coll., which amends the Act No. 418/2011 Coll., on Criminal Liability of Legal Entities and their Prosecution; 2.    The Act No. 257/2016 Coll., on ... Read More »

New regulation relating to the consumer credit in the Czech Republic – part two

New regulation relating to the consumer credit in the Czech Republic – part two

As already mentioned in part one of this article, the New Consumer Credit Act No. 257/2016 Coll., on consumer credit, becomes effective as of 1st December 2016 and brings not only newly defined conditions under which a non-banking provider of consumer loans will be allowed to conduct its business but ... Read More »

New regulation relating to the consumer credit in the Czech Republic – part one

New regulation relating to the consumer credit in the Czech Republic – part one

New regulation is introduced by the Act No. 257/2016 Coll., on consumer credit, which becomes effective as of 1st December 2016. The new legislation represents the transposition of Directive 2014/17/EU of the European Parliament and of the Council of 4 February 2014 on credit agreements for consumers relating to residential ... Read More »

New regulation of Criminal Liability of Legal Entities in the Czech Republic

New regulation of Criminal Liability of Legal Entities in the Czech Republic

The new regulation is brought by the Novelization of the Act No. 418/2011 Coll., on Criminal Liability of Legal Entities and their Prosecution (Act No. 183/2016 Coll.) that will become effective as of December 1, 2016. The main changes are: new concept of the determination of criminal offences for which ... Read More »

Restriction of trading hours for small and large shops in the Czech Republic

Restriction of trading hours for small and large shops in the Czech Republic

As of October 1, 2016 the New Act on Trading Hours in retail sale and wholesale published in the Czech Collection of Laws under No. 223/2016 Coll. became effective. The main aim of this new act is to regulate trading hours and to set up general prohibition of trade on ... Read More »

Registry of Contracts – new rules of effectiveness of certain contracts in the Czech Republic

Registry of Contracts – new rules of effectiveness of certain contracts in the Czech Republic

This article is devoted to the new act of registry of contracts (Act No. 340/2015 Coll.), which became effective as of 1 July 2016. The Act establishes in the Czech Republic a registry of contracts, an informative system of the public administration that serves as a platform for publication of ... Read More »

Foundation of a simple limited liability company according to the Czech law is now less costly

Foundation of a simple limited liability company according to the Czech law is now less costly

The simplification and reduction in the costs of establishment of a simple limited liability company brings us the novelization of the Czech Act No. 549/1991 Coll., on Court Fees (Act No. 161/2016 Coll.), which became effective as of 7 June 2016. Regarding the fact that a limited liability company is ... Read More »

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