A Czech court has ruled that a lender was ineligible to join the insolvent borrower’s creditors’ committee because the share pledges and other security it had taken made it effectively the borrower’s holding company.

The four-eyes principle is an effective way for companies to control management dealings. It is based on the idea that the company must be represented by two people acting jointly, usually two members of the statutory body.

Pursuant to current legal regulations, a Czech joint stock company can issue shares as certificated or uncertificated shares. Certificated shares exist only in the book-entry form in the registry of the Securities Centre. Both types of shares may be made out as a registered or bearer share, although certificated bearer shares are expected to be abolished in the near future.

An important amendment of the Civil Procedure Code (Law No. 99/1963 Coll., civil procedure code) will become effective as of April 1, 2005. This amendment introduces major changes namely with respect to preliminary injunctions (Section 74 et seq.) and with respect to provisions relating to proceedings before a court of appeal (Section 211 et seq.).

On 27 February 2025, the Court of Justice of the European Union (CJEU) issued a key ruling in the Lastre case (C-537/23) (the Judgment), confirming that asymmetric jurisdiction clauses...

After press reporting by The Insider, into the acitivties of Czech companies allegedly exporting to Russia, it has now been reported that the Czech authorities are undertaking investigations into the companies.

The Czech Competition Authority (CCA) recently announced that it prepared a proposal to update the Czech Competition Act (the "Act").

The new amendment to the Czech Investment Incentives Act was published on 12 June 2012 and will be effective from 12 July 2012.

On 11 April 2012 the Supreme Court of the Czech Republic (the "Supreme Court") issued a decision which has shed some light on section 193 subsection 2 of the Czech Commercial Code (Act no. 513/1991 Coll., as amended) (the "Commercial Code").

The German Supply Chain Due Diligence Act (Lieferkettensorgfaltspflichtengesetz; "LkSG") is effective from 1 January 2023 for companies and branches based in Germany with more...

After years of uncertainty, in 2011 the Czech Republic finally passed an amendment to the Commercial Code explicitly allowing for the limitation of damages in agreements under Commercial Code between entrepreneurs and companies.

On 20 July 2017, the Senate of the Czech Republic discussed a parliamentary bill amendment to Act.

The Act No. 340/2015 Coll., on special conditions for the effectiveness of some contracts, the publication of these contracts and the register of contracts...

Bearer shares in joint stock companies will either have to be registered with a central depository or physically deposited with banks, under proposals announced by the Ministry of Justice.

If a joint stock or a limited liability company’s accounting period matches the calendar year, the company is obliged to approve its ordinary financial statements by 30 June 2012.

The Municipal Court in Prague has dropped the criminal case against a company suspected of illegal conduct in public procurement. The reason: the company implemented an ethics code.