Very soon, a long-awaited amendment to the Czech Act on the Protection of Competition will become law, implementing (after a long delay) the requirements of what is known as the ECN+ Directive (an EU directive designed to...more
7/14/2023
/ Anti-Competitive ,
Competition ,
Competition Act ,
Confidential Information ,
Czech Republic ,
EU ,
EU Directive ,
Member State ,
Whistleblower Awards ,
Whistleblower Protection Policies ,
Whistleblowers
On 1 October 2022, an amendment to Act No. 37/2021 Coll., on keeping record of ultimate beneficial owners (the "UBO Act"), 1 came into force which, in order to ensure compliance with the pertinent European Directive,2...more
10/26/2022
/ Beneficial Owner ,
Corporate Counsel ,
Corporate Governance ,
EU ,
New Amendments ,
Private Equity ,
Recordkeeping Requirements ,
Reporting Requirements ,
Shareholders ,
Stocks ,
UBO Registry
On May 1, 2021, the Foreign Direct Investments Screening Act (Act No. 34/2021 Coll. – the "FDI Act") is set to come into force, which will allow the government to screen potentially high-risk foreign transactions by investors...more
On February 13, 2020, the first major amendment to Act No. 90/2012 Coll., on companies and cooperatives, as amended (the "Corporations Act"), was published in the Collection of Laws. It seeks to reduce the regulatory burden...more
2/29/2020
/ Amended Regulation ,
Articles of Association ,
Board Members ,
Capital Requirements ,
Cash Transactions ,
Corporate Officers ,
Czech Republic ,
Directors ,
Joint Stock Companies ,
Shareholder Distributions ,
Stocks ,
The Corporations Act ,
Unduly Burdensome