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Category Archives: Czech legal news

Extracts from records of beneficial ownership registers in EU countries

Extracts from records of beneficial ownership registers in EU countries
How to get sExtracts from records of beneficial ownership registers in EU countries Pursuant to Directive (EU) 2015/849 of the European Parliament and of the Council on the prevention of the use of the financial system for the purpose of money laundering or terrorist financing (the so-called 4th ALM Directive), EU Member States are obliged…
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Asset deal and sale of a business (enterprise) in Czech Republic

Asset deal and sale of a business (enterprise) in Czech Republic
Acquisition of a business by way of (i) asset deal and (ii) sale of a business (enterprise) in Czech Republic   This information is intended to provide a high level outline of the main legal and tax issues to be considered by a prospective buyer (“ Purchaser”) with respect to the available structures for the…
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New Act on records of beneficial owners in 2021

New Act on records of beneficial owners in 2021
Change regarding records of beneficial owners, sanctions for non-entry of details and false registration and other changes from 2021   Government bill on the Records of Beneficial Owners   In June 2020, the Government of the Czech Republic submitted a bill on a new act on the records of beneficial owners to the Chamber of…
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Employer’s withdrawal from the non-competition clause in the light of the current case law of the Constitutional Court of the Czech Republic

Employer’s withdrawal from the non-competition clause in the light of the current case law of the Constitutional Court of the Czech Republic
Employer waivers of non-competition clauses must be treated differently by the courts from 2021     Employer's withdrawal from the non-competition clause in the light of the Constitutional Court case law in 2021   Section 310(3) of Act No. 262/2006 Coll. provides that the employer may only withdraw from the non-competition clause for the duration…
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