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Commercial Register after the civil law recodification process in the Czech Republic – what cannot be missed!

Commercial Register after the civil law recodification process in the Czech Republic – what cannot be missed!

As of 1st January, 2014 the Commercial Register is regulated by a new single Act No. 304/2013 Coll., on public register of legal entities and individuals  (the “Public Registers’ Act”). New legal regulation of the Czech Commercial Register in many aspects follows the previous regulation, however, it also introduces a ... Read More »

Contract law and execution of contract under new law – part I

Contract law and execution of contract under new law – part I

This article includes the summary of some of fundamental changes and recommendations concerning the area of contract law and execution of contracts introduced by the new Czech Civil Code (the „NCC“). Regarding some other changes and principles of new laws, please refer to the previous article. 1. Contractual negotiations 2.1. ... Read More »

Fundamental principles of the new contractual law in the Czech Republic

Fundamental principles of the new contractual law in the Czech Republic

The new contractual law in the Czech Republic, which had been incorporated in one legal code (New Civil Code, the “NCC”), is based on the following fundamental principles: Principle of autonomous will According to this principle the parties may diverge from the statutory provisions to suit their needs, i.e. the ... Read More »

Principles of the Land Registry in the Czech Republic

Principles of the Land Registry in the Czech Republic

The new legislation on the Land Registry in the Czech Republic (related to the New Civil Code) is based on the following fundamental principles: Material Publicity Principle The land registry will be governed by the material publicity principle, i.e. the protection of good faith. If the entry made in the ... Read More »

Means of protection against the wrong entry into the Czech Land Registry

Means of protection against the wrong entry into the Czech Land Registry

If the entry made in the Land Registry does not reflect the actual legal status, e.g. an incorrect property owner is registered, it is possible to: Request the competent Land Registry to remedy the situation – deletion of the entry, Apply with the competent Land Registry for the registration of ... Read More »

Changes relating to Joint Stock Company and Limited Liability Company

Changes relating to Joint Stock Company and Limited Liability Company

The previous article concerned the summary of fundamental changes introduced by the Business Corporation Act (Act No. 90/2012 Coll., the “BCA” or the “Act”). In the following text we will summarize the changes introduced by the BCA particularly in relation to Joint Stock Company and Limited Liability Company. Joint Stock ... Read More »

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