According to the EU law, UK citizens may stay and work freely in the Czech Republic without any required permits being (e.g. visa, work permits etc.) Nevertheless, on 29 March 2019, the situation is about to change with the withdrawal of the United Kingdom from the European Union. The legal status of UK citizen has […]
Companies are under obligation to publish their annual financial statements in the Collection of Deeds of the Commercial Register in which they are accessible to public. If a firm fails to meet the obligation, it may be (even repeatedly) fined up to CZK 100,000 by the Registration Court, and in the most serious cases the […]
Companies are under obligation to publish their annual financial statements in the Collection of Deeds of the Commercial Register in which they are accessible to public. If a firm fails to meet the obligation, it may be (even repeatedly) fined up to CZK 100,000 by the Registration Court, and in the most serious cases the […]
While setting the manner of representation a company, clients often require that the four-eyes principle should apply; it means that the company is always represented by e.g. at least two executives. (Not only) if a company has only one statutory body member (e.g. one executive), a possibility of inclusion of both an executive (a statutory […]
While setting the manner of representation a company, clients often require that the four-eyes principle should apply; it means that the company is always represented by e.g. at least two executives. (Not only) if a company has only one statutory body member (e.g. one executive), a possibility of inclusion of both an executive (a statutory […]
Within court proceedings on matters concerning relations between entrepreneurs in connection with their business activities, the law allows entrepreneurs to agree in writing on which court will have jurisdiction in the matter, i.e. to enter into a prorogation agreement. An exception is only a precise list of proceedings for which the law lays down exclusive […]
Within court proceedings on matters concerning relations between entrepreneurs in connection with their business activities, the law allows entrepreneurs to agree in writing on which court will have jurisdiction in the matter, i.e. to enter into a prorogation agreement. An exception is only a precise list of proceedings for which the law lays down exclusive local […]
The General Data Protection Regulation (GDPR), which becomes effective on May 25, 2018, will have a significant effect on many areas of your company’s everyday life – such as labor-law agenda, personal data protection and application of the required IT protection standards, or adoption of required organization directives and other legal documentation. Obviously, special attention to […]
At the end of October, the Ministry of Foreign Affairs discontinued the so-called Visapoint; a tool used by foreigners to book a meeting for submission of the stay permit application with a local Czech Republic embassy in an electronic form. The whole system was heavily criticized as it was stormed by applications in certain countries […]
Has your business partner refused to pay the purchase price for shares in a Ltd. or joint stock company in spite of the fact you have reminded them? If all your efforts to settle the situation extra judicially are in vain, you may have to bring your case to the court and demand the due […]
The lengthy discussions on a possible authorization of the Labor Inspectorate Office to be allowed to punish employers for breaches of their employees’ privacy has resulted in an amendment of the Labor Inspection Act, which came into effect on 29 July, 2017 and which support the employees’ position in making it easier to assert their […]
On 19 September, 2017, an amendment of law No. 164/2013 Coll., on international co-operation on tax administration, and other related laws, which defines conditions and obligations connected with CbCR was published in the Collection of Laws. The amendment stipulates that all companies which are a part of a concern are obliged to file a so-called […]