Mergers, Or Thick Red Lines?

In its decision no. 29 Cdo 3068/2013 dated 19 June 2014, the Supreme Court of the Czech Republic ("SCCR") once again ruled on the issue of the irreversibility of the legal effects of registration of transformation in the Czech Commercial Register.

This decision was published with the following legal summary:

"In case of registration of transformation of business corporations or cooperatives (Section 1(2) of the Act on Transformations) in the Czech Commercial Register, the principle of registration irreversibility applies without any exceptions. The fact whether the registration of the transformation in the Czech Commercial Register was made on the basis of a determined decision of the court maintaining the Czech Commercial Register or (even through a mistake of the court) on the basis of a decision that did not come into force yet is not significant for predicting the legal effects of the transformation in Sections 57 and 59(1) of the Act on Transformations.