Kategorie: Business Law
Amendment to the Accounting Act: changes in entities subject to mandatory non-financial reporting
The European Union has long sought to increase business transparency and place greater emphasis on sustainability. With the adoption of the Non-Financial Reporting Directive (hereinafter the “CSRD”), the obligation to report non-financial information has been significantly expanded. The Czech Republic is now implementing the CSRD through an amendment to the Accounting Act, which, in addition …
Read moreExiting the company: what to do when an agreement is not possible
Introduction When business partners, friends or family members set up or buy a company together through which they intend to implement their business plan, they rarely admit that the initial enthusiasm and harmony may fade over time or that circumstances may change to such an extent that it becomes unbearable for any of the shareholders …
Read moreSuccessful transaction – sale of majority share of ROŽIVA a. s.
DEAL DONE – ROŽIVA PEYTON legal represented the existing majority shareholder in the sale of a majority stake in the Moravian agricultural company ROŽIVA a.s. to a strategic local investor. ROŽIVA is a company with almost thirty years of history in primary agricultural production and farms more than 900 hectares of land. PEYTON legal provided …
Read moreFrom competition clause to legal uncertainty: the Supreme Court’s controversial interpretation in its decision 27 Cdo 1236/2024
The decision of the Supreme Court of the Czech Republic, Case No. 27 Cdo 1236/2024 of 27 January 2025, represents a significant, but at the same time controversial, intervention in the interpretation of competition clauses negotiated in contracts on the performance of the office between members of governing bodies and business corporations. The key issue …
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