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ARTICLE · 14 FEBRUARY 1996

Czech News - Nov 95 - Decree on Notification Requirement - Foreign Exchange Act

Czech RepublicFinance and Banking
The Ministry of Finance has published a Decree (published in the Collection of Laws No. 261/1995) in which the rulings for the notification requirements of the new Foreign Exchange Act are set out. In particular, the Decree specifies type of transactions when the notification is required, type and number of forms which are to be used, and the deadlines for their submission to the Czech National Bank.

The information in this newsletter is correct to the best of our knowledge and belief at the time of going to press. Specific advice should be sought, however, before investment and other decisions are made.

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Tax and legal advisory services:
Paul Antrobus/Jan Kaucky

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