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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 1st 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.
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