NEWS & PUBLICATIONS
Attention, Investors! Foreign Investments Screening
Selected foreign investments from non-EU countries are subject to screening and approval by the Czech Ministry of Industry and Trade. The purpose is to protect the security of the Czech Republic and its internal or public order.
You´ve Got Mail
A data box is a secure electronic portal by the Czech state, which is used for electronic communication with public authorities. Recently, the range of mandatory users of data boxes was expanded to more than two million entities.
Bankruptcy of Czech Sberbank: Loan Portfolio for Sale
The Czech branch of Sberbank has been in liquidation since early May 2022. Its banking license was revoked by the Czech National Bank in April after the bank collapsed in the aftermath of the Russian invasion of Ukraine.
Another Tax Package for Smaller Businesses
The Czech government has decided on the next tax package aimed at smaller enterprises. The respective government bill deals, inter alia, with the obligatory registration for VAT and the so-called lump-sum tax.
Expected Changes to the Labour Code
Even though the Czech Republic's deadline for adopting two EU directives on labour law has expired, the Ministry of Labour and Social Affairs, it is still working on drafts of the necessary amendments to the Labour Code. But what changes can we actually expect?
Good News for Credit Card Holders: Stricter Rules for Dynamic Currency Conversion
An amendment to the Act on payment systems aims at clients’ protection against unfavourable exchange rates through a significant increase in regulation of Dynamic Currency Conversion - DCC.
New Regulation of Beneficiary Owners
The new Czech law on the registration of beneficial owners had to be substantially amended just about a year after its adoption. This was due to pressure from the European Commission, which criticized some parts of the Czech legislation for being inconsistent with the regulation and objectives of the European Anti-Money-Laundry (AML) Directive.
Judicial Protection and Fair Trial
An appeal is considered to be timely if it was filed after the expiry of the 15-day period it the appellant followed the incorrect instructions of the court on the appeal. This is the case, if the decision does not contain any indication of the appeal, the time limit for appeal, the court before which the appeal is to be lodged, or if it contains an incorrect indication that the appeal is not admissible in these cases, an appeal may be lodged within three months.
Vertragsrecht in der Tschechischen Republik – Teil 4
Das neue BGB enthält die Unterscheidung zwischen dem Mietvertrag und dem Pachtvertrag. Neben diesen Vertragstypen werden auch die Bittleihe und Leihvertrag, Lizenzvertrag, Darlehens- und Kreditvertrag als Art und Weise einer solcher Überlassung geregelt.
Vertragsrecht in der Tschechischen Republik – Teil 3
Letztendlich ist im Zusammenhang mit dem Erlöschen der Verpflichtung bzw. der eventuellen Durchsetzbarkeit des Rechts die Präklusion bzw. die Verjährung zu erwähnen. Die allgemeinen Bestimmungen zur Verjährung und Präklusion befinden sich in §§ 609 ff. BGB. Ein Recht, dass nicht innerhalb der Verjährungsfrist geltend gemacht wird, gilt als verjährt, sodass der Schuldner nicht zur Leistung verpflichtet ist.
Sberbank CZ is About to Vanish
Only a few days after the Russian invasion of Ukraine and the resulting European sanctions on Russian banks, the Czech subsidiary of Sberbank collapsed. The Czech National Bank revoked its banking license and Sberbank CZ entered into liquidation.
Czech National Bank: Change at Helm
Will the change in the governor of the Czech National Bank (CNB) have an impact on its current policy? This is a question the markets have asked themselves since the surprising appointment of a new head of the CNB by president Miloš Zeman.