The Legal 500

Legal Developments in Czech Republic

• Czech Republic: Limitation of Damages Explicitly Possible since 1 January 2012

  After years of uncertainty, in 2011 the Czech Republic finally passed an amendment to the Commercial Code explicitly allowing for the limitation of damages in agreements under Commercial Code between entrepreneurs and companies.
  - Schönherr

• Defence against vexatious insolvency petitions

  Insolvency proceedings aim mainly to find a complex solution to the financial standing of a debtor who has gone bankrupt according to one of the laws (Act No 182/2006 Sb., on Insolvency and the Methods of its Solution; hereinafter referred to as the “Insolvency Act” ) in the way set forth, especially in order to secure the claims of creditors. In practice, some institutes of the Insolvency Act are used in ways that contrast with its general purpose.
  - Alfery & Partner

• Czech Republic: Typical Legal Issues Encountered in Real Estate Due Diligence

  In almost every due diligence involving real estate in the Czech Republic, several legal is-sues emerge which are crucial for the existence (or non-existence) of ownership or other rights regarding real estate established in favour of certain subjects. The following legal issues are typically encountered in due diligence projects. It is important to understand and assess these issues correctly.
  - Schönherr

• CHANGES IN THE PROMOTION OF RENEWABLE ENERGY

  legal developments in the energy practice
  - Schönherr

• What will the new Tax Procedure Code bring?

  On 1 January 2011 the new Tax Procedure Code took effect which will regulate tax proceedings in the Czech Republic . As tax proceedings concern almost everybody, as almost everybody pays tax, let us look at what the new Tax Procedure Code will bring.
  - PETERKA & PARTNERS v.o.s

• Legal Aspects of the Subsidy Process in Connection with the Operational

  The Operational Program Research and Development for Innovations (OPRDI) was implemented for public institutions in the industrial research and development sector. The aim of the program is to develop cooperation between universities and industrial enterprises, to support research and development at universities and research institutions, and to highlight supply and demand in the research and development sector. The Ministry of Education, Youth and Sports of the Czech Republic (www.msmt.cz) is charged with managing the program. Knowledge of certain basic principles is useful when using subsidies in compliance with the stipulated rules.
  - PETERKA & PARTNERS v.o.s

• Cross-Border Service Provision in the EU

  The Directive of the European Parliament and of the Council 2006/123/EC of 12 December 2006, on services in the internal market ("Directive" or "Directive on services") substantially develops the freedom of establishment and freedom of cross-border provision of services under Articles 43 and 49 of the EC treaty. The Directive applies to all types of services except those which are expressly excluded. In the Czech Republic, the Directive on services was implemented by Act No. 222/2009 Coll., on Free Movement of Services that came into force on December 28, 2009.
  - PETERKA & PARTNERS v.o.s

• Act on Significant Market Strength and Its Abuse – a Controversial Law Regulating Relations betwee

   
  - PETERKA & PARTNERS v.o.s

• Comparing the Czech and Slovak regulation of the time limit for tax assessment: the Czech 3+0 rule

   
  - PETERKA & PARTNERS v.o.s

• Czech Republic (in The European & Middle Eastern Arbitration Review 2011)

  Alternative dispute resolution is an important consideration in the Czech Republic, particularly on account of the fact that judicial proceedings in the state courts can take up to several years. Arbitration is currently in common use in the resolution of both national and international disputes.
  - ROWAN LEGAL Law Firm