Legal news

Czech Republic: New rules for convening the general meeting as of 1 January 2014 The Corporations Act which came into force on 1 January 2014 imposes new requirements on the content of the invitation to the general meetings of limited

Czech Republic: The implementation of new procurement directives of the European Parliament and of the Council in Czech law After several years of discussions, new European procurement directives (2014/24/EU and 2014/25/EU) were finally adopted at the beginning of 2014. These new rules for the procurement of public contracts must be

Czech Republic: What to watch out for in real estate transfers It may appear at first glance that the rules on the change of the debtor have no bearing on real property transfers, but nothing could be further from the truth. As a part of those rules, the New Civil

Czech Republic: Prohibiting the encumbrance or divestment of assets may improve the position of lenders, but can also cause problems for borrowers In contrast to the legal arrangement that was in force until 31 December 2013, under which negative pledges had only limited applicability and were effective only among the

Czech Republic: Assigning responsibilities to individual managers has implications for the scope of their duties, and of their liability The New Civil Code has made it possible to assign different responsibilities to different members of the board of directors or to the various executives (if they have been lifted to