Legal news

Lithuania: Parliament passes law on Euro introduction In preparation for the planned introduction of the Euro in Lithuania, the Parliament adopted a law on Euro introduction. The Act will enter into force on the date when the Council of the European Union abolishes the exemption on non-introduction of the Euro

Czech Republic: From 1 January 2014, joint-stock companies may elect to use the one-tier governance model As of 1 January 2014, Czech joint-stock companies may choose which model of corporate governance they wish to follow: either the so-called two-tier system or the one-tier system. The two-tier system (which was the

Czech Republic: The new Corporations Act, has brought major changes to the legal framework within which the elected bodies of corporations are being remunerated. In the opinion of a majority of experts, an incumbency agreement (manager agreement) ought to be concluded if the person acting in the office of managing

Czech Republic: All joint-stock companies must create their own website and post mandatory data on that site as stipulated by the law - e.g. invitations to the general meeting or their financial statements. As of 1 January 2014, the Corporations Act requires all joint-stock companies to create a company website

Czech Republic: How to properly reduce one's tax base using loan interest Tax payers who make use of a loan under a contract with a building loan society or a mortgage-backed bank loan to finance their personal housing needs are entitled, under the Czech Income Tax