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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 Alfery

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New obligations under General Data Protection Regulation (GDRP)

November 2017 - EU & Competition. Legal Developments by Alfery .

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Legal basis and principles of GDPR

On 27 April 2016 Regulation (EU) 2016/679 of the

European Parliament and of the Council, General Data Protection Regulation (the “Regulation“ or “GDPR“) was adopted. This Regulation is directly applicable in all Member States and constitutes the legal framework for personal data protection applicable in the whole of the EU. It protects the rights of EU citizens from unauthorized treatment of their details and personal data. In particular, the new legislation strengthens individuals’ rights affected by personal data processing. Individuals may now obtain information regarding which data about them are processed and why, and have a better opportunity to demand that entities administering or processing their personal data comply with the rules, and remedy any defects. The strengthened rights of individuals as data subjects are also evident from the reformulation of tasks and obligations of controllers and processors.

Nomination for the prestigious Central & Eastern Europe Tax Firm of the Year Award

May 2016 - Tax & Private Client. Legal Developments by Alfery .

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WTS Alfery has been nominated for the Central & Eastern Europe Tax Firm of the Year Award as one of five firms in this category.

Legal aspects of telecommuting

October 2015 - Employment. Legal Developments by Alfery .

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News No.7/2015

Legal aspects of telecommuting

Put simply, telecommuting (or working from a “home office”) is a flexible form of employment. Employees organise their working hours as necessity and opportunity allow. Thus employees can either work exclusively away from the office - at home or some other place of their choosing - or can combine telework with work on premises assigned by the employer. Telecommuting is only marginally regulated in the Labour Code. The same rules apply to homeworkers as to other employees. However, there are certain exceptions:-

 

Amendment to the Accounting Act effective from 1 January 2016

October 2015 - Tax & Private Client. Legal Developments by Alfery .

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News No.6/2015

Amendment to the Accounting Act effective from 1 January 2016

 

The Ministry of Finance of the Czech Republic has prepared an amendment to the Accounting Act. The main reason for this amendment is to adopt into Czech law Directive no. 2013/34/EU of the European Parliament and Council of 26 June 2013. The amendment ought to have come into force by 20 July 2015; however, this date has been postponed to 1 January 2016. The changes shall thus first apply to accounting periods starting after 31 December 2015.

Energy Performance Certificates

May 2013 - Real Estate & Property. Legal Developments by Alfery .

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Starting from 1 January 2013 the amendment to Act No. 406/2000 Coll., on Energy Management, as amended, has increased, to a significant extent, the obligations of developers, building owners, associations of housing unit owners and housing unit owners as well (i.e. owners of flats and non-residential premises) relating to the issue of so-called energy performance certificates. This instrument, which was first introduced in 2009 for new constructions or large scale reconstructions, should provide simple and transparent information about the energy consumption of a building by classifying it in a respective energy performance class, such asweknowit in the case of electrical appliances.

Occupational health service – new duties for employers

April 2013 - Employment. Legal Developments by Alfery .

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The Act No. 373/2011 Sb., on Specific Health Services, became effective on 1 April 2012.

Recodifiation of Czech Private Law

August 2012 - Corporate & Commercial. Legal Developments by Alfery .

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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.

Criminal liability of legal entities

August 2012 - Corporate & Commercial. Legal Developments by Alfery .

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Shortly before the end of the year, the act No 418/2011 Sb., on criminal liability of legal entities and proceedings against them (hereinafter referred to as the “Act on criminal liability of legal entities”) was published in the Collection of Laws. The Czech Republic has introduced this long-discussed breakthrough regulation, which was vetoed by the President in November 2011, as one of the last EU member states. Legal entities should pay attention to this law since fines amounting to millions or dissolution of legal entity are among the sanctions.

Defence against vexatious insolvency petitions

August 2011 - Finance. Legal Developments by Alfery .

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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.

Real Estate Tax in 2010

June 2010 - Tax & Private Client. Legal Developments by Alfery .

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The real estate tax rate doubled on the basis of the amendment to the Real Estate Tax Act that came into force in 2010. Therefore some municipalities took their option and increased the tax rates. The rate increased from CZK 5.00 to CZK 10.00 per square meter of built-up area for structures serving for industry, building industry, transport, energy industry and other agricultural production, and from CZK 0.10 to CZK 0.20 per square meter of land. Arable land, hop gardens, vineyards, gardens, fruit orchards, permanent grasslands, productive forests and fish ponds, and also structures for other business activity make an exception.

Amendment to the Income Tax Act - July 2009

September 2009 - Tax & Private Client. Legal Developments by Alfery .

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On 3 July 2009, President of the Czech Republic signed an amendment to Act No. 586/1992 Sb., on income taxes, as amended (hereinafter referred to as the “ITA”), drawn up by the Ministry of Finance. This amendment has been published in the Collection of Laws under No. 216/2009 Sb. and became effective on 20 July 2009. The law amends the Income Tax Act in the following areas (without limitation): Depreciation of tangible assets, Financial lease-purchase agreements, Education of employees

Amendment to the Income Taxes Act, the Real Estate Tax Act, Inheritance and Gift Tax Act

February 2009 - Tax & Private Client. Legal Developments by Alfery .

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On 19 December 2008, the President of the Czech Republic signed the Amendment to the Income Taxes Act, among other Acts. This Amendment had been under preparation for a long time, and after long negotiation (the Amendment had already been submitted to the House of Parliament by the government on 24 July 2008) was finally approved on 10 December 2008. The Amendment became effective on 1 January 2009 when it was published in the Collection of Acts of the Czech Republic under No. 2/2009 Coll.

Amendment to the act on value added tax

January 2009 - Tax & Private Client. Legal Developments by Alfery .

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An amendment to the Act on Value Added Tax was published in the Collection of Laws under No. 302/2008 on 19 August 2008. This amendment modifies the Act in more than 300 points. It comes into effect on 1 January 2009. The current regulations are used for application of the tax, as well as rights and responsibilities based on the law for the tax period prior to the effect of the amendment.

Thin Capitalisation Rules

July 2008 - Tax & Private Client. Legal Developments by Alfery .

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Since 1 January 2008 two different thin capitalisation rules have been simultaneously in force in the Czech Republic. The effect of the respective amendments depends on the date of signing the credit or loan agreements in question:

Amendment to the Labour Code and Finding of the Constitutional Court; Commercial Code Amendment

May 2008 - Employment. Legal Developments by Alfery .

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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.

The Building Code- as amended

November 2007 - Real Estate & Property. Legal Developments by Alfery .

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As of January 1, 2007 the new (amended) Building Code, i.e. Act No. 183/2006 Coll., on Urban Planning (Zoning) and Building Code (The Building Code) has been amended and enacted.

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Amendment to the Income Tax Act and other Acts.

November 2007 - Tax & Private Client. Legal Developments by Alfery .

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On 21st August 2007, the Chamber of Deputies passed the Public Stabilization Act, which includes, amoung others, an amendment to the Income Tax Act.

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