Of interest.

Kategorie: Corporations

12. 12. 2022

Amendment to the transformations act

In line with the Government’s Legislative Work Plan for this year, the Ministry of Justice has submitted a draft amendment No. 1423/22 (the “Draft Amendment“) to amend Act No. 125/2008 Coll., on Transformations of Business Companies and Cooperatives, as amended (the “Transformations Act“). The proposal is intended to simplify the process of national and cross-border …

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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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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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08. 02. 2022

What is the new draft law on preventive restructuring supposed to bring?

At the end of July 2021, the Ministry of Justice submitted for comments a draft of a completely new Act on Preventive Restructuring (the “Act“) to transpose the European Directive on Restructuring and Insolvency[1] (the “Directive“) into Czech law. Generally The comment procedure on the draft Act was closed on 27 August 2021, and it …

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