The Legal 500

Czech Republic

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Editorial

Legal market overview

After a somewhat turbulent period through 2013 and 2014, the Czech Republic has recovered and established itself as a healthy and open economy. While the auto industry remains one of the largest in the country, there has been a notable rise in transactions within the financial services sector, with a number of bank M&A deals keeping the market busy.

The Czech Republic’s reputation as a safe, promising and commercially viable country has attracted a wide range of foreign investments, as well as cooperation and integration with other markets, especially Germany’s and those of other German-speaking countries. In addition to foreign investments, the country has seen an upturn in domestic investments, an indication of growing independence.

Similarly, the legal market reflects a similar trend of domestic law firms gaining in importance and international reach. Local firms including Kinstellar s.r.o advokátní kancelár; Glatzová & Co., s.r.o. and Havel, Holásek & Partners s.r.o. are establishing themselves as solid and strong alternatives to international law firms such as Allen & Overy; Baker & McKenzie s.r.o., advokátní kancelár; Clifford Chance and White & Case (Europe) LLP.

Firms in the spotlight

Z/C/H Legal., advokátní kancelář.
www.zchlegal.com

ZCH Legal (formerly Zilvarova Ctibor Hladky) is a renowned medium-sized law firm located in the centre of Prague. The firm operates under a leadership of three: Radek Hladky, the expert in real estate, corporate and M&A, insolvency and restructuring and leasing; Jiri Ctibor, who excels in franchising, banking and finance and compliance, risk and corporate governance and is often invited to speak at highly-regarded seminars on topics of note; and Jana Hladka Zilvarova, who co-ordinates the firm’s activities.

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Press releases

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to

Legal Developments in Czech Republic

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Nomination for the prestigious Central & Eastern Europe Tax Firm of the Year Award

    WTS Alfery has been nominated for the Central & Eastern Europe Tax Firm of the Year Award as one of five firms in this category.
  • Legal aspects of telecommuting

    News No.7/2015
  • Amendment to the Accounting Act effective from 1 January 2016

    News No.6/2015
  • Czech Republic: Limiting the number of agency employees - a plausible reality?

    The Czech Ministry of Labor and Social Affairs („MLSA“) recently submitted for interdepartmental comment a proposal act that will significantly reduce the usage of (so-called) "agency employees". read more... 
  • Energy Performance Certificates

    Starting from 1 January 2013 the amendment to Act No. 406/2000 Coll., on Energy Management, as amended, has increased, to a significant extent, the obligations of developers, building owners, associations of housing unit owners and housing unit owners as well (i.e. owners of flats and non-residential premises) relating to the issue of so-called energy performance certificates. This instrument, which was first introduced in 2009 for new constructions or large scale reconstructions, should provide simple and transparent information about the energy consumption of a building by classifying it in a respective energy performance class, such asweknowit in the case of electrical appliances.
  • Occupational health service – new duties for employers

    The Act No. 373/2011 Sb., on Specific Health Services, became effective on 1 April 2012.
  • BID RIGGING OR CARTEL AGREEMENTS OF TENDERERS

    by Kristýna Oberfalcerová, Attorney-at-Law, Randa Havel Legal
  • Protection of Lenients and access to file before the Czech Antitrust Office

    by Kristýna Oberfalcerová, Attorney-at-Law, RANDA HAVEL LEGAL
  • Recodifiation of Czech Private Law

    The Chamber of Deputies of the Czech Republic definitively decided that laws concerning recodification of private law shall become effective on 1 st January 2014. There is less than two years left to prepare for the new legal regulation. In this issue of the News we bring you information on some chan­ges the recodification shall bring with regard to limited liability companies. As we have informed you before, recodification does not involve only the new Civil Code but, i.a. also the completely new Business Corporations Act (NBCA). As it follows from its title, this Act will regulate part of the present Commercial Code regarding business companies.
  • Criminal liability of legal entities

    Shortly before the end of the year, the act No 418/2011 Sb., on criminal liability of legal entities and proceedings against them (hereinafter referred to as the “Act on criminal liability of legal entities”) was published in the Collection of Laws. The Czech Republic has introduced this long-discussed breakthrough regulation, which was vetoed by the President in November 2011, as one of the last EU member states. Legal entities should pay attention to this law since fines amounting to millions or dissolution of legal entity are among the sanctions.

Press Releases worldwide

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to
  • Lower VAT On Hotel Services In Montenegro

    An important piece of regulation has been introduced in Montenegro recently, through the reduction of VAT on catering services in four stars hotels (in the north of the country) and five-star hotels (on the seaside), which will be effective from 2018. According to media reports, Olivera Brajović, General Director of Tourism Development and Standards in the Ministry of Sustainable Development and Tourism, pointed out that these reduced tax rates on services of preparing and serving food and drinks are expected to raise the overall competitiveness in the hospitality sector, while at the same time contribute to the combat against grey economy.
  • Karanović & Nikolić Joins The NextLaw Global Referral Network

    Karanović & Nikolić is pleased to announce that it has joined the NextLaw Global Referral Network, created by global law firm Dentons. We are particularly excited by the fact that Nextlaw presents a new type of network, with a unique invitation-only approach in their selection, ensuring that all of its members have the highest quality standards and a proven track record of excellence.
  • Sweet Smell Of Success - Serbian Sugar Industry Consolidates Its Forces

    After more than a four months and a Phase II (in-depth) investigation, the Competition Commission gave conditional approval, to Sunoko's acquisition of the Star Šećer company and its subsidiary Te-To - the owner of the sugar factory in Senta. No divestments have been required from Sunoko.
  • New Bridge Over Danube To Be Built In Belgrade

    News reports are informing us that Belgrade will gain another bridge over the Danube river in the near future – this one at the Ada Huja island and over three kilometres long.
  • Nikola Tesla Airport To Acquire Sava Centar?

    Media outlets have recently been reporting on the possibility that Nikola Tesla Airport will acquire Sava Centar (SC), with the purpose of turning it into its company headquarters. This acquisition would be followed by an investment of over EUR 30 million in the next three years for the building's reconstruction and adaptation. Such a decision would result in Sava Centar changing its name to "Congress Centre Nikola Tesla Airport", with an expanded array of facilities, including a tower, a shopping mall, and a hotel. The funds for the investment in question will be hailing from the Airport's own assets.
  • Too Big To Hide – European Commission Sanctions Truck Cartel

    Global competition law circles have recently been shaken by the European Commission's record-setting fine of EUR 2.93 billion for collusion on the automotive market, imposed against Volvo, Daimler, Iveco and DAF trucks. The sanctions in question varied amongst the accused parties, with Daimler facing the largest penalty in the amount of more than EUR 1 billion on its own. Iveco's fine was set at EUR 494 million, DAF's at EUR 752 million, and Volvo's fine has been set at EUR 670 million.
  • Cartel Office ensures greater competition in rail sector

    The German railway company Deutsche Bahn must allow for more competition. The Bundeskartellamt, Germany’s Federal Cartel Office, found that the company had abused its dominant market position with respect to the sale of rail tickets.
  • ETERNA LAW IS PLEASED TO ANNOUNCE START OF THE COOPERATION WITH PUBLIC ASSOCIATION "ACADEMY OF PREVE

    Eterna Law (representative office in Almaty) announces the beginning of co-operation as a legal adviser with the Public Association "Academy of Preventive Medicine of Kazakhstan."
  • LAG Sachsen-Anhalt on video surveillance at the workplace

    Video surveillance at the workplace does not inevitably give rise to claims for damages. That was the verdict of the Landesarbeitsgericht (LAG) Sachsen-Anhalt [Regional Labour Court of Saxony-Anhalt] (Az.: 6 Sa 301/14).
  • Final stretch for loan withdrawal

    Those who still want to withdraw from real estate loans concluded between 2002 and 2010 should take action now while the right of withdrawal is on its last legs. This get-out-of-jail-free card is set to lapse shortly.