Kategorie: Corporations
Holding General Meetings Online
The general meeting of a capital company must be held at least once in each financial year. Members and shareholders often associate general meetings with the need to meet in person at a predetermined place and time. However, the Business Corporations Act[1] also provides for participation and voting at general meetings by technical means, allowing …
Read moreAmendment to the Act on the Register of Beneficial Owners: Access to Beneficial Ownership Information on the Basis of a Legitimate Interest
The Government has submitted to the Chamber of Deputies a bill amending Act No. 37/2021 Coll., on the Register of Beneficial Owners (hereinafter the “BOR Act”). The bill was submitted to the Chamber of Deputies on 15 July 2026 as Parliamentary Print No. 260. The main purpose of the bill is to transpose into Czech …
Read moreThe Limits of a Shareholder’s Duty of Loyalty and the General Duty of Care in the Context of a Shareholder Lawsuit
A shareholder lawsuit under Section 157 of the Business Corporations Act (hereinafter the “ZOK”) is one of the tools for protecting a company against inaction or abuse of power by its statutory body.[1] It entitles a shareholder to file a lawsuit on behalf of the company seeking compensation for damages or, as the case may be, the …
Read moreShareholder’s counterproposal at general meetings of limited liability companies in current Supreme Court case law
Act No. 90/2012 Coll., on Commercial Companies and Co-operatives (the Act on Commercial Corporations), as amended (hereinafter referred to as the “ZOK”), regulates in considerable detail the convening and conduct of general meetings of limited liability companies. Among other things, it stipulates that the notice convening the general meeting must include a draft resolution on …
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