Kategorie: Corporations
How to remedy unauthorized executive’s sole legal acts
In practice, it sometimes happens that a company is represented by only one member of its executive body (hereinafter the “executive”), although, according to the entry in the Commercial Register, joint representation by two or more executives is required. What a company should do if an executive has violated the “four eyes” principle, which is …
Read moreUpcoming amendment to the Czech Act on Significant Market Power
Following the adoption of the Directive 2019/633 of the European Parliament and of the Council on unfair trading practices in business-to-business relationships in the agricultural and food supply chain (the “Directive”), a draft law amending the Czech Act No. 395/2009 Coll., on significant market power in the sale of agricultural and food products and its …
Read moreTechnostress and possible legal consequences for employers for its creation
If an employer decides to support the popular trend of employment relations flexibility and in addition to comfort in the form of work benefits such as business phone, laptop or tablet also grants its employees the benefits of home office or teleworking, he should not forget about risks that may arise this flexibility in connection …
Read moreLegal regulation of the register of beneficial owners awaits changes
The existing legislation on the registration of ultimate owners has not yet fully met the presumed expectations, particularly in its contribution to the fight against money laundering or the prevention of conflicts of interest. Business corporations were obliged to register their beneficial owner in the Register of beneficial owners by 1 January 2019, but only …
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