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ARTICLE · 31 OCTOBER 2011

Changes To Corporate Transformations

CMS Cameron McKenna Nabarro Olswang
Explore more from CMS Cameron McKenna Nabarro Olswang

Changes to corporate transformations are expected to come into force on 1 January 2012.

United KingdomCorporate/Commercial Law
Ivana Fára
Ivana Fára
Veronika Chrobok
Veronika Chrobok

Changes to corporate transformations are expected to come into force on 1 January 2012.

Legislative amendments have already received their third reading in Parliament.

If they become law, they will apply to all types of domestic and cross-border transformations including cross-border divisions and registered office relocations between the Czech Republic and other EU member states.

They would create an established framework for relocating companies or some/all of their assets between the Czech Republic and another EU member state. Although this is already possible under existing laws, courts have little experience of it and their approach is not yet settled.

Other proposed changes include:

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