News

Form of contracts concerning shares in a limited liability company

25.10.2016

In contrast to the Commercial Code cancelled in 2014 the recent Czech legal system doesn’t include an explicit arrangement for the legal form of contracts concerning the transfer of a share in a limited liability company.

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Statement of the Constitutional Court to the simultaneous performance of functions in commercial corporations

18.10.2016

The Constitutional Court of the Czech Republic has recently issued a decision (decision of September 13th, 2016, Reference Number I. ÚS 190/15), in which it stated its opinion to the question of admissibility/inadmissibility of the simultaneous performance of functions in commercial corporations, i.e. if the member of the statutory body of the business corporation is allowed to exercise the activity that belongs to the statutory body, in labor law relationship.

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Law concerning evidence of income’s origin

11.10.2016

There was announced a new law No. 321/2016, which is coming into effect 01.12.2016.

The law is introducing new authorities to tax offices. They are allowed to request evidence concerning the origin of income and can demand additional taxes.

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Adaption of articles of association of an association of unit owners

04.10.2016

There is no doubt that the association of unit owners shall, within three years from the effective date of the Civil Code, amend its articles of association so they are in accordance with this Act. But up to now there has not been a unity regarding the form, in which the articles of association should be amended, i.e. if a form of a notarial deed is required.

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