The Legal 500

The economic downturn has made layoffs and bankruptcies commonplace as of late, and companies of all sizes and reputations have been humbled by the turmoil.

Czech legislation provides for various rights and duties for both employers and employees. This aim of this article is not to provide an exhaustive list of those rights and duties, but rather to acquaint readers with the essentials. The basic rights and duties of the employer and the employees in the Czech Republic are laid down in particular by Act No. 262/2006 Coll., Labour Code, Act No. 309/2006 Coll. stipulating further requirements for health and safety protection at the workplace and Act No. 435/2004 Coll., on employment. For greater clarity, the rights and duties of employers and employees are divided into several groups within the following text.

The first issue of 2008 of News Alfery reports on the Labour Code Amendment effective as of 1 January 2008, the Judgment of the Constitutional Court dated 12 March 2008 on the complaint against the new Labour Code, and finally the Commercial Code Amendment effective as of 1 March 2008. We have also prepared a legislative overview regarding the Czech government subsidies in the area of renewable energies.

Investment instruments, commodities and markets, Collective investment, Banking and payment systems, Insurance, Financial market regulation, Business companies

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The Czech Ministry of Labour and Social Affairs in cooperation with the Ministry of Industry and Trade and the Ministry of Interior are currently preparing a green card project to attract workers from third countries. Work on the project started in spring 2007 and was motivated by the shortage of university educated experts (technical experts, project engineers, designers or programmers) and other qualified workers (toolmakers, locksmiths, welders, blacksmiths) on the Czech labour market. The lack of a labour force is becoming a serious threat to the economy.

The Czech Ministry of Labour and Social Affairs in cooperation with the Ministry of Industry and Trade and the Ministry of Interior are currently preparing a green card project to attract workers from third countries. Work on the project started in spring 2007 and was motivated by the shortage of university educated experts (technical experts, project engineers, designers or programmers) and other qualified workers (toolmakers, locksmiths, welders, blacksmiths) on the Czech labour market. The lack of a labour force is becoming a serious threat to the economy.