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Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or shehab.khurshid@legalease.co.uk

 

Legal Developments Worldwide

Articles contributed by PETERKA & PARTNERS v.o.s

View the listing for PETERKA & PARTNERS v.o.s

What will the new Tax Procedure Code bring?

January 2011 - Tax & Private Client. Legal Developments by PETERKA & PARTNERS v.o.s.

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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.

Legal Aspects of the Subsidy Process in Connection with the Operational

January 2011 - Intellectual Property. Legal Developments by PETERKA & PARTNERS v.o.s.

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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.

Cross-Border Service Provision in the EU

January 2011 - EU & Competition. Legal Developments by PETERKA & PARTNERS v.o.s.

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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.

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

January 2011 - EU & Competition. Legal Developments by PETERKA & PARTNERS v.o.s.

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In the Czech Republic , the heavily debated and controversial act on significant market power in the sale of agricultural and food products, and its abuse, came into force at the beginning of the last year. The aim of the act is to regulate retailers’ (mainly huge multinational retail chains) purchasing power over suppliers of food and agricultural products. An action has been filed in Brussels in which businesses request proceedings be brought against the Czech Republic, arguing that the act is incompatible with EU competition law.

 

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

January 2011 - Tax & Private Client. Legal Developments by PETERKA & PARTNERS v.o.s.

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Will a dispute concerning the 5+1 and the 5+0 rules also arise in Slovakia (similarly to the Czech 3+0 versus 3+1 rules)? Is the regulation of the time limit for tax assessment in Slovakia , which is applicable to international tax treaties, discriminatory?

 

Regulation of Mergers as a Tool for Rationalising Costs in the Economic Crisis

May 2010 - Corporate & Commercial. Legal Developments by PETERKA & PARTNERS v.o.s.

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A merger of Slovak limited liability companies and an up-stream merger (of a mother and a daughter companies) of Slovak joint stock companies can be much easier than one might first think, and the benefits can significantly outweigh the costs. Mergers are perceived as an instrument that is most commonly used during economic growth. But in specific situations it can also be a useful instrument during an economic downturn.

Tax Review – How To Protect One’s Rights Effectively

December 2009 - Tax & Private Client. Legal Developments by PETERKA & PARTNERS v.o.s.

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In the Czech Republic, a country with a continental legal system, court decisions do not set precedents as they do in common law jurisdictions. Nevertheless, court decisions in tax proceedings may not be ignored, as to a considerable extent they modify the interpretation of legislation.  Without knowledge of court decisions one may not succeed in tax proceedings. Recently, two substantial decisions of the Czech Constitutional Court concerning tax reviews have been published.

Changes in Ukrainian law with an Impact on Real Estate

December 2009 - Litigation & Dispute Resolution. Legal Developments by PETERKA & PARTNERS v.o.s.

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Recently some changes to Ukrainian law have been introduced which have repealed the need to notarise land lease agreements and bring greater transparency in land certification and land allotment procedures. This article briefly describes these changes.

Legal aspects of doing business in the European Union – which court decides a dispute?

March 2009 - Litigation & Dispute Resolution. Legal Developments by PETERKA & PARTNERS v.o.s.

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Free movement of persons, services and capital in the European Union means that businesses more frequently enter into contractual relationships with business partners from other EU member states. However, businessmen often do not realise that they may be sued by their business partners abroad.  This results in a considerable financial burden and often a disadvantage related to the foreign procedural rules which are applied or that under certain circumstances the applicable legislation enables them to defend themselves in court proceedings abroad by raising an objection to the jurisdiction of the foreign court. Consequently, the question arises as to which court will decide on a dispute arising from this contractual relationship.

Termination of entrepreneurial activity – legislation in the Czech Republic

January 2009 - Corporate & Commercial. Legal Developments by PETERKA & PARTNERS v.o.s.

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Anybody engaged in any entrepreneurial activity may, sooner or later, ask how they could or should terminate their business and handle the assets used for the entrepreneurial activity and the related liabilities. Upon the sale of an ownership interest or shares or the entire enterprise, one must prepare for time, finance and physically consuming process of negotiating with the buyer. This applies mainly if the buyer is a member of a large holding which may be expected to be well experienced in similar transactions. 

Presenting your business on the Internet in the Czech Republic

October 2008 - TMT ( Technology, Media & Telecoms). Legal Developments by PETERKA & PARTNERS v.o.s.

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The Internet is a significant information channel of our time as the number of people using it for work and entertainment increases.  They say the devil is in the detail, so let’s have a closer look at some of the details which might “disturb the circles” of businessmen in the Czech part of the Internet.

DIRECTIVE ON PAYMENT SERVICES IN THE INTERNAL MARKET

April 2008 - Finance. Legal Developments by PETERKA & PARTNERS v.o.s.

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The directive on payment services in the internal market was published in the Official Journal after seven years of preparation on 5 December 2007 under No. 2007/64/EC. The transposition period will lapse on 1 November, 2009.

Czech green card project for non-EU skilled workers

February 2008 - Employment. Legal Developments by PETERKA & PARTNERS v.o.s.

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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.

Czech green card project for non-EU skilled workers

February 2008 - Employment. Legal Developments by PETERKA & PARTNERS v.o.s.

More articles by this firm.

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.

Bankruptcy In A New Guise

July 2006 - Corporate & Commercial. Legal Developments by PETERKA & PARTNERS v.o.s.

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It has been 15 years now since bankruptcy law was reinstated in the Czech Republic. In the course of that period, it has been changed and adapted several times. Now, both businessmen and non-businessmen resident in the Czech Republic may look forward to seeing a brand-new bankruptcy law coming into practice. The modern concept of bankruptcy for both natural and legal persons in the form of the new Insolvency Act has recently passed through the legislative process and will become effective as of 1 July 2007.

Building Act makes slow progress

July 2006 - Real Estate & Property. Legal Developments by PETERKA & PARTNERS v.o.s.

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On March 14, the Chamber of Deputies accepted amendments proposed by the Senate and finally approved the new Building Act, which will become effective Jan. 1, 2007. Lawmakers promised that the whole approval process conducted by the Building Authority will be sped up and simplified, but investors and developers remain skeptical about those claims.