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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
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Articles contributed by Ambruz & Dark
Funds of qualified investors in the Czech Republic: beneficial way of RE investment
A number of law changes requested over last few years regarding the regime of funds of qualified investors were finally enacted and became effective. These changes may give a positive stimulus to further development of the fund industry in the Czech Republic.
Business owners delaying sales
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.
Layoff is only the last resort ...
Do not throw away your investment into employees by early layoff: employers’ options in a time of financial crisis
REACH: New Community Legal Framework for Chemicals
On 1 June 2007, Regulation (EC) No. 1907/2006 concerning the Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) took effect. The REACH Regulation gradually replaces several existing Community directives and regulations on chemicals and sets a comprehensive Community legal framework for use of chemicals. By strengthening the reporting and evaluation obligations of producers, importers and downstream users, and by setting new mechanisms for enforcing their compliance, the REACH Regulation mainly aims to improve protection of human health and the environment from thousands of chemical substances used by the industry, and to improve the way the internal market functions.
Amendment to the Czech Commercial Code simplifying disposal of a company and associated amendments
The amendment to the Act on Trading in the Capital Market, which was published in March 2006 in the Collection of Laws, significantly amended the Commercial Code and other legal regulations. The change to the Commercial Code considerably simplifies the processes related to transfer of a business or a company’s assets and liabilities and affects the provisions on de-merger of a company. The amendment also contains new, more extensive regulation of the obligations of securities issuers whose securities are to be offered to a broader public range of persons within a public offer of investments securities. The amendment extends the provisions of the Civil Code on consumer contracts to include the new legal regulation of distance contracts for financial services.
Transfers of assets in light of Section 196a(3) of the Czech Commercial Code
Within the operations of business companies, various transfers of assets take place between the companies and other persons that are in a close legally defined relationship with them.