News & Publications

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16.11.2018

Newsletter 3/2018

CNB Stepping on the Brake: Further Interest Hikes and Mortgage Restrictions

by Mgr. Radek Werich

After several years of intervention against the Czech Crown (CZK) to ensure a rate above CZK 27 / EUR and keeping interest rates at almost zero, the Czech National Bank (CNB) has sharply changed its course in 2018. The CNB’s new goal is to react to signs of overheating on the domestic market. The boiling […]

16.11.2018

Newsletter 3/2018

Anti-Money Laundering Directive # 3, 4, 5!

by Mgr. Markéta Mrázová

Even though the 4th Anti-Money Laundering Directive has been just implemented into national laws across the EU, the European Parliament has already adopted the 5th Directive. Member States were given a period of eighteen months for the full implementation of the newly adopted regulations. The new AML-Directive introduces several key innovations. The most important one […]

16.11.2018

Newsletter 3/2018

Upcoming Changes of Labor Code

by Mgr. Ing. Jan Valíček

An amendment to the Labor Code by the Ministry of Labour and Social Affairs introduces some important changes.  Delivery rules The current inconsistency between the Labor Code and the delivery conditions of the Czech Post office causes serious problems in the delivery of termination notices. This often leads to legal disputes. The amendment shall now […]

16.11.2018

Newsletter 3/2018

Company as a Member of the Board of another Company – New Conditions?

by Mgr. Bc. Jaroslava Trojanová

Business activities in the Czech Republic are often organized as a group of companies. Not every individual company needs a person to act as managing director. This position can also be filled by a company. Under Czech law a company that is member of the elected body of another company shall authorise a (natural) person […]

16.11.2018

Newsletter 3/2018

Executive vs Employment Contract – Now the Constitutional Court

by Mgr. Markéta Mrázová

The question, if an employment agreement with a top executive is legally valid, is already a legal classic. The Constitutional Court now upheld a verdict of the Supreme Court issued earlier this year on simultaneous executive service agreements and employment contracts. Such arrangements with the company’s top executives shall no longer be generally considered invalid. […]

16.11.2018

Newsletter 3/2018

Let’s Play – Turn the Gam(bl)ing on

by Mgr. Bc. Karolína Szturc

While playing computer or video games, it is not obvious and definitely not the first concern of a gamer or gamer’s parents, that the lines between gaming and gambling are nowadays blurred. This was the reason for fifteen states including the Czech Republic to sign a declaration regarding risks of computer games, among others the […]

16.11.2018

Newsletter 3/2018

If You Think That Compliance is Expensive, Try Non-compliance!

by Mgr. Marie Zámečníková, Ph.D.

As the end of the year is around the corner, it is time for an evaluation of the compliance management systems used in businesses. For almost two years now, such compliance rules and their management have had the power to save companies from criminal prosecution. On December 1, 2016, the amendment to the act on […]

16.11.2018

Newsletter 3/2018

You are Wrong! Eliminate Mistakes in the Land Register by a Note of Dissent or a Note of Dispute

by Mgr. Jana Kostěncová

Sometimes the record in the Land Register does not correspond to the actual legal status. Czech law provides a number of institutes to prevent or help to remedy this. Two of the most important ones are the note of dissent (poznámka rozepře) and the note of dispute (poznámka spornosti). Note of dissent: Outdated Land Register […]

16.11.2018

Newsletter 3/2018

Right to Information and Access to Administrative Files

by Mgr. Ing. Lenka Charvátová

To what extent must information regarding administrative proceedings be disclosed? The Act on Free Access to Information generally guarantees such right. However, not every applicant requesting information has a right to be provided with the whole file or its parts. There is an essential difference between disclosure of information contained in administrative files under the […]

16.11.2018

Newsletter 3/2018

LLC Made Easier

by JUDr. Zuzana Francúzová / Mgr. Mariana Koníková

Recently, various changes were introduced into the Slovak Commercial Code. The most substantial changes relate to the limited liability company (“LLC”). Though it may seem at first glance that the rules for transfer of the ownership interest in and establishment of an LLC have changed only slightly, these subtle changes might have a significant impact. […]

16.11.2018

Newsletter 3/2018

Slovak Legal Newsflash

by JUDr. Valter Pieger / Mgr. Renáta Sedliačková

New Regulation of an Insurance Agreement New legal aspects of an insurance agreement have been introduced to the Civil Code. The Amendment that entered into effect on October 1, 2018 precises the obligations of the insurer towards the insured person. According to the Amendment, if an insurer refuses to perform, even partially, it is obliged […]

16.11.2018

Newsletter 3/2018

IFLR 1000 Rankings 2019: Giese & Partner Recommended Law Firm in the Czech Republic

by Giese & Partner

Giese & Partner Prague was ranked by IFLR 1000 (Rankings 2019) as recommended law firm in Banking and Finance and notable law firm in M&A in the Czech Republic. The IFLR 1000 is the guide to the world’s leading financial and corporate law firms and lawyers. Their first rankings were published in 1990 and they […]

16.11.2018

Newsletter 3/2018

IFLR 1000 Rankings 2019: Giese & Partner Recommended Law Firm in the Slovak Republic

by Giese & Partner

Giese & Partner Bratislava was ranked by IFLR 1000 (Rankings 2019) as recommended law firm in Banking and Finance and M&A in the Slovak Republic. The IFLR 1000 is the guide to the world’s leading financial and corporate law firms and lawyers. Their first rankings were published in 1990 and they currently research over 120 […]

16.11.2018

Newsletter 3/2018

Czech Leading Law Firm of the Year 2018: Giese & Partner Ranked as Recommended Law Firm

by Giese & Partner

Giese & Partner is proud of being ranked as recommended law firm according to the latest Law Firm of the Year awards in the following categories: Real Estate and Development, Restructuring and Insolvency and Energetics and Energy Projects.

16.11.2018

Giese & Partner: Seminar on Enforcement of Rights and Receivables, 29.11.2018

by Giese & Partner

Giese & Partner and the German-Czech Chamber of Commerce invite you to a Seminar on “Enforcement of Rights and Receivables” taking place on November 29, 2018 in Prague. Ondřej Rathouský, Lenka Charvátová, Marie Zámečníková and Jana Kostěncová (attorneys of our team) will provide an overview about how to solve disputes from the perspective of management. […]

10.10.2018

Rechtlicher und Steuerrechtlicher Newsletter DTIHK 2/2018

Entwicklung des Immobilienrechts seit dem Inkrafttreten des neuen BGBs

by Dr. jur. Ernst Giese / Mgr. Marie Zámečníková, Ph.D.

Das „neue“ Bürgerliche Gesetzbuch (Gesetz Nr. 89/2012 Slg., nachfolgend „nBGB“) ist bereits seit fast 4 Jahren in Kraft (im Konkreten seit 1. Januar 2014). Deshalb kann für das Grundstücksrecht eine erste Bilanz gezogen werden. Diese wesentliche und in vielen Aspekten revolutionäre Neukodifikation des bürgerlichen Rechts hat viele Neuerungen mit sich gebracht. Die Praxis hat mit […]

04.10.2018

www.pravniprostor.cz

Zrušení tzv. druhé restituční tečky

by JUDr. Ondřej Rathouský / Mgr. Ing. Lenka Charvátová

Cílem zákona č. 229/1991 Sb., o úpravě vlastnických vztahů k půdě a jinému zemědělskému majetku, ve znění pozdějších předpisů (dále jen „zákon o půdě“), a obecně samotných restitucí, je vyřešení vztahů k nemovitostem s původními vlastníky, jimž byly státem v letech 1948 až 1989 bez náhrady odňaty. Dle důvodové zprávy k předmětnému zákonu měly být tyto pozemky včetně budov urychleně převedeny do […]

06.09.2018

www.pravniprostor.cz

Hromadné žaloby – čeká české procesní právo revoluce?

by JUDr. Ondřej Rathouský / Mgr. Ing. Lenka Charvátová

Dlouho vedená diskuse o uzákonění institutu hromadných žalob známých především ze Spojených států přiměla české ministerstvo spravedlnosti pustit se do přípravy jeho zakotvení do českého právního řádu. Tento nástroj by měl umožnit kolektivní uplatňování stejných nebo velmi podobných nároků širokého okruhu osob v rámci jednoho jediného řízení. Podle ministerstva je takové řešení výhodné vlastně pro všechny, […]

20.06.2018

Newsletter 2/2018

Impact! A Roadmap to Data Protection Impact Assessment

by Mgr. Radek Werich

A new framework of Data Protection Impact Assessment (the “DPIA”) has been introduced as part of the General Data Protection Regulation as of 25 May 2018. The DPIA may be understood as a privacy-related impact assessment having the objectives of identification and analysis how data privacy might be affected by certain actions or activities which […]

20.06.2018

Newsletter 2/2018

Record! It May Help, Says Prague’s Municipal Court

by Mgr. Ing. Lenka Charvátová

Since Roman times there has been a legal principle: What is in writing, counts (in Lat. Littera scripta manet). We strictly follow this principle in Civil and Public Law. In civil or public court proceedings the judge is obliged to make a protocol as a record of what was said or proved during the proceeding. […]

20.06.2018

Newsletter 2/2018

Revolution! Collective Actions in Czech Procedural Law

by JUDr. Ondřej Rathouský / Mgr. Igor Vondrášek

Following recent activities in Germany, the Czech government introduced a proposal of legislation on collective actions. This legal concept has its roots in the USA, where groups of consumers, who have suffered damages, are entitled to launch joint proceedings based on so-called class actions. It is no secret that the emissions scandal, widely known as […]

20.06.2018

Newsletter 2/2018

One! Joint Stock Companies With an Administrative Board Only?

by Mgr. Bc. Jaroslava Trojanová

Czech joint stock companies are traditionally organized in a so called dualistic system, with both a board of directors and a supervisory board. In an alternative monistic system, the company has only an administrative board with a statutory manager. A draft amendment of the Ministry of Justice proposes cancellation of the statutory manager. Thus, the […]

20.06.2018

Newsletter 2/2018

Disqualified! New Rules for Real Estate Agents

by Mgr. Denisa Molnár

Strengthening of the protection of clients and improvement of services – these are just two of the aims of a newly drafted act on real estate brokerage. Real estate brokerage has so far not been regulated in the Czech Republic. This led to a huge number of real estate agents active on the market without […]

20.06.2018

Newsletter 2/2018

Trapped! Financial Leasing Can Be Risky

by Mgr. Bc. Karolína Szturc

Financial leasing is a frequently used alternative way of financing various investments. Undoubtedly an attractive offer for many businesses, is it also favourable for leasing companies? Before providing any financial leasing, it is important to be prepared against unexpected events. Leasing of movable assets should not be risky. The leasing company remains owner of the […]

20.06.2018

Newsletter 2/2018

Back! Executive Service Agreement vs. Employment Contract

by Mgr. Marie Zámečníková, Ph.D.

For years, companies have been kept in uncertainty regarding the legal form of executive service agreements. Every corporation shall conclude a written executive service agreement with its top executives, e.g. board members and managing directors. There are specific and very detailed requirements of such agreement, especially with respect to remuneration. The executives are obliged to […]

20.06.2018

Newsletter 2/2018

Listen! Monitored Telephone Conversation as Evidence in Court Proceedings

by Mgr. Jana Kostěncová

Nowadays, it is rather normal that one of the first things we hear in a phone call is that the call will be recorded / monitored. What does this mean? Can the voice recording have negative consequences in the future, e.g. in the court proceedings?! Voice recordings may be used as evidence in court proceedings […]

20.06.2018

Newsletter 2/2018

Attention! Corporate Veil Has Been Lifted

by JUDr. Valter Pieger / Mgr. Mariana Koníková

The aim of the “corporate veil” is to separate the company’s property from the property of its shareholders. It shall protect shareholders against liability for the company’s obligations. This is based upon a widely recognised legal concept under which a company constitutes a separate legal entity existing independently and separately from that of its shareholders. […]

20.06.2018

Newsletter 2/2018

Flash! Slovak Legal News in Brief

by JUDr. Zuzana Francúzová / Mgr. Mariana Koníková / Mrg. Renáta Sedliačková

Ultimate Beneficial Owner in the Commercial Register? As of March 15, 2018 all entities incorporated in the Commercial Register (save for issuers of securities and those already registered in the Register of Partners of the Public Sector) are obliged to identify and register their ultimate beneficial owners into the Commercial Register. Contrary to the registration […]

20.06.2018

Ernst Giese and Jitka Sytařová as Speakers at the vdp Seminar in Berlin, Germany

by Giese & Partner

On June 20, 2018, Dr. Ernst Giese and Mgr. Jitka Sytařová will participate as speakers at the vdp seminar on the Real Estate Financing in the Czech Republic. More information and programme >>

14.06.2018

Giese & Partner Team Could Not Miss the O2 Prague Relay 2018

by Giese & Partner

On 13 June 2018, four young colleagues of our team – Karolína Pospíšilová, Marie Nálepová, Kateřina Surá and Jana Černá – represented Giese & Partner in the 20-kilometre O2 relay run in Prague with a fantastic result. Congratulations!

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