Do your employees ask for the possibility of working regularly from home? What happens if home is abroad? Remote work from abroad brings risks for any company, and each company should evaluate these risks and consider them when setting up a remote work policy for its employees.
Stricter Liability of Statutory Body Members (and Others) in Case of Company Insolvency
The amendment to the Business Corporations Act effective from 1 January of this year (the "Amendment") brings, among other things, a significant change in the liability of members of a statutory body, which will affect the current topic of insolvency.
The Czech Republic’s Office for the Protection of Competition Will Intensify Its Focus on the Pharmaceutical Sector
According to its recently published annual report, the Office for the Protection of Competition of the Czech Republic (the "Office") plans a thorough investigation of the pharmaceutical sector, in terms of compliance with both competition and public procurement rules.
Current View of Public Prosecutor’s Office on Proving Legal Entities’ Exculpation
Since the introduction of the institution of legal entities’ exemption from criminal liability in 2016, there has been discussion on the distribution of the burden of proof in proving the conditions for its application in criminal proceedings. Meanwhile, the prosecution’s view has been gradually changing.
Foreign Direct Investment in Central Europe: Czech Republic
The global pandemic has impacted all markets, with subsequent ramifications for M&A. Investors are now seeking greater protection against general lock-downs and supply-chain disruptions, while governments aim to protect critical supplies and services by imposing new regulations on foreign investment in crucial or strategic industries.
Czech Republic: Czech Payers of German Truck Toll May Request Partial Refunds
Due to Germany’s economic importance and its strategic position at the heart of Europe, it certainly rings true to many Czech motor carriers that (almost) “all roads lead to Germany.” The dependence on the vagaries of German toll policy, however, have forced Czech motor carriers to swallow two bitter pills in the past four years. First, back in July 2018, the German government extended tolls to all federal roads, which led to some 40,000 kilometres of roads now being part of the toll system.
The Pontes Perspective on CEE
The COVID-19 crisis continues to plague much of Europe. To get an overview of its effects across CEE – both on investment in the region and on the legal industry itself – we reached out to the members of Pontes the CEE Lawyers legal alliance, a Regional Sponsor at the upcoming Dealer’s Choice International Law Firm Summit.
The Czech Real Estate Market in a Time of Crisis
As of January 1, 2022, a deposit system for disposable beverage packaging will be introduced in Slovakia. Some disposable beverage packaging manufacturers and distributors will therefore have new obligations.
The Future of Finance in CEE: How 2020 Changed the Market and What to Expect in 2021
As last year’s upheavals continue to influence finance markets in 2021, Erika Papp, CMS’s Head of Finance CEE/CIS, and CMS’s Regional Finance Partners Paul Stallebrass in Prague, Ana Radnev in Bucharest, and Elitsa Ivanova in Sofia offer their perspectives on what this year might hold for financing in CEE.
An Unusual Year in Review: Our Annual Expert Round Table
On December 15, 2020 CEELM gathered legal experts from across the region for its annual Year-in-Review Round Table conversation. In a wide-ranging discussion, participants shared opinions and perspectives on their markets, on strong (and less-strong) practices across the region, and the effect of the COVID-19 crisis on both, as well as on how technology is changing the legal industry, and what the industry will look like in 2021.
Meaning of M&A in CEE
Horea Popescu, Managing Partner of CMS Bucharest and Head of CMS’s Corporate M&A Practice in CEE Looks Back at an Unusual Year.
Significant Changes to Czech Corporate Law – the Impact on the Operations of Companies and Ongoing Transactions
Czech corporate law has changed significantly over these past few years. In 2014, the Act on Corporations replaced the Commercial Code that had been in place since 1991. On January 1, 2021, an additional amendment to the Act on Corporations (the “Amendment”) will go into effect.
Starting in Style: Interview with the Partners of the New NGL Symbio Alliance
Interview with the Partners of the New NGL Symbio Alliance.
Czech Republic: Digital Revolution in Czechia Being Driven by Banks
On January 1, 2021, Act No. 49/2020 Coll. – commonly known as the BankID Act – will enter into force. This new legislation has the potential to bring a significant change to the way Czechs operate on the Internet and to promote further digitalization in both the public and private sectors.
Expat On The Market: Alex Cook of Clifford Chance Prague
Interview with Alex Cook of Clifford Chance Prague.
Market Snapshot: Recent Developments and Major Amendment of the Business Corporations Act
The M&A market in 2020 has been significantly affected by the coronavirus pandemic. According to the latest quarterly M&A overview prepared by CzechInvest, the leading agency supporting business and investments in the Czech Republic, “in a very short period of time and on a large scale, many companies have had to close down or limit their operations, dismiss stuff members, and disrupt supply chains.” Although there has been some recovery since May, the situation remains unpredictable. The second and next presumed waves will likely bring even more uncertainty.
Inside Insight: Interview with Nadia Matusikova, General Counsel of RWS Moravia
Interview with Nadia Matusikova, General Counsel of RWS Moravia about her background and best practices.
Inside Out: Wordline’s Acquisition of GoPay
On September 24, 2020, CEE Legal Matters reported that Baker McKenzie’s Prague office had advised Worldline SA/NV on its acquisition of a 53% of stake in GoPay. JSK and Urban & Hejduk advised the sellers on the deal, Pavel Schwarz Jr. and BUDEX Direct.