Of interest.

Kategorie: Business Law

12. 09. 2022

Registration of beneficial owners in a new format: redefinition of the concept of beneficial owner and other changes

On 1 October 2022, Act No. 245/2022 Coll.[1] (hereinafter as the “Amendment”), which is a substantial amendment to Act No. 37/2021 Coll., on the Register of Beneficial Owners, as amended (hereinafter as the “BO Act”), will enter into force. Generally The Amendment significantly changes the existing rules for registering the beneficial owner of legal entities …

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14. 07. 2022

Successful transaction – acquisition of TANY

DEAL DONE – TANY PEYTON legal represented the ADAX private equity fund (ADAX Private Equity Fund SICAV a.s.) again in its second strategic acquisition, which was the company TANY, spol. s r.o. TANY is one of the major producers of processed cheese in the Czech republic; apart from its own brands (such as the “Delicato” …

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13. 06. 2022

Advance on shareholder’s and member’s profit share

In its recent decision,[1] the Supreme Court of the Czech Republic has considered the nature of advances on profit share paid by a joint-stock company to its shareholders. This decision is interesting in that it clearly defines the nature of the advance on profit share and further determines which corporate body should decide on it. …

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07. 06. 2022

Planned changes to consumer legislation in the Czech Republic

Consumer protection legislation in the Czech Republic is likely to see further significant changes in the near future. A government bill amending Act No. 634/1992 Coll., on Consumer Protection, as amended, and Act No. 89/2012 Coll., the Civil Code, as amended, has been submitted to the Chamber of Deputies of the Parliament of the Czech …

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