NEUIGKEITEN & PUBLIKATIONEN
New Czech President Assures Firm Western Ties
The recent presidential elections confirmed that a large part of Czech society strongly supports democratic values and the Czech Republic’s firm anchorage among Western nations. This is illustrated by the overwhelming victory of Mr Petr Pavel, a retired army general, over the populist oligarch Mr. Andrej Babiš.
The Button Amendment
E-shops are facing new rules for consumer protection based on the European legislation generally known as the “Button Amendment”.
Top Employment Law News in 2023
The biggest expected change in labor law in 2023 is the forthcoming major amendment of the Labor Code. Additionally, there are changes to the implementation of medical examinations and changes to minimum and guaranteed salary.
New Rules on Services for Owners and Tenants of Apartments
A big change becomes effective of 1 January 2024: Individual owners or tenants in a block of flats must now receive information about the consumption of heating and hot water that are provided centrally once a month, if the consumption can be determined by remote readings.
Ultimate Beneficial Owners Shrouded in Mystery
In November 2022 the Court of Justice of the EU adopted a groundbreaking ruling, invalidating a provision of the AML Directive allowing general public to access information on beneficial ownership of companies.
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.
Slovak Labour Law News
The Slovak parliament has recently adopted numerous changes to various aspects of the Labour Code and we are glad to introduce you to the most important ones.
Team News: Michael Mack New Junior Lawyer in the Team
Michael joined our Prague team as paralegal in 2020 and became junior lawyer after having graduated from the School of Law at Charles University in Prague in January 2023.
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 Its banking license was revoked by the Czech National Bank in April after the bank collapsed in the aftermath of the Russian invasion of Ukraine.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?