Commercial, Corporate & M&A
Czech High Court on Invalid Representations and Warranties in Share Transfer Agreements: Implications for Slovak Transactional Practice
In a recent decision (7 Cmo 21/2024), the High Court in Prague delivered a landmark ruling on the invalidity of contractual representations and warranties in a share transfer agreement, with significant implications for M&A practice across the CEE region. The case revolved around whether certain boilerplate declarations of the transferor about the status of the company (target), not linked to clearly defined contractual obligations, could give rise to a contractual penalty.
07 August 2025