Știri juridice
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news
Defaulting contract partners and outstanding debt from contracts – are we suitably prepared?
How to avert the risk of non-performance by one’s contractual partner, and what is the most effective response if such non-performance does occur? Few of us lived through the first six months of 2020 without any concerns or stress, and we’d surely all appreciate if we could go "back to
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news
Has the end come for the real estate transfer tax?
The finance ministry’s bill proposing the abolition of the real estate transfer tax (which is 4% of the total purchase price) passed third reading in the House of Deputies on 8 July 2020. The current rate of the real estate transfer tax is 4%. It was introduced in 1993, and
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news
Change of mobile network operator in the Czech Republic now free of charge and immediately
Amendment to Electronic Communications Act makes change of mobile network operator significantly easier As a consequence of a reform of the Elelectronic Communications Act, changes of the mobile network operator were made considerably easier with effect from April 1st, 2020. Mobile network operator changes are now free of charge. In
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news
Assumption of debt as an inoperative transaction for the purposes of insolvency proceedings
It is common practice in the Czech Republic for buyers to settle a part of the purchase price by assuming the seller’s debt toward third parties. However, these arrangements are not entirely risk-free for the seller. The parties to a purchase agreement may agree to settle the purchase price (or
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news
New formula provides a fairer way of calculating vacation
Starting as of 1 January 2021, an amendment to the Labor Code sets new rules for calculating employees’ claim to vacation, which will no longer be granted based on days worked but on actual hours worked. The statutory minimum vacation entitlement of 4 weeks per year remains unchanged. As per