Legal advice

Concurrent performance of functions and employer insolvency according to the CJEU

Concurrent performance of functions and employer insolvency according to the CJEU

The Court of Justice of the EU has recently intervened in the rather turbulent developments regarding the possibility of concurrent employment and the position of a member of a statutory body, from a rather unexpected side – in terms of protecting…
Consumer protection in the light of a proposal of the Ministry of Industry and Trade

Consumer protection in the light of a proposal of the Ministry of Industry and Trade

“The aim of the proposal is to ensure that consumers are better protected from unfair commercial practices of some sellers when shopping online. Our proposal will provide them with sufficient information so that they are better informed and less…
Registration of beneficial owners – pay close attention to deadlines

Registration of beneficial owners – pay close attention to deadlines

On 1 June 2022, the last protective period for completing the data in the beneficial ownership register under Act No. 37/2021 Coll., on the Registration of Beneficial Owners (hereinafter referred to as the “BOR Act”) will expire. However, this date…
Set-off of receivables in the context of the Sberbank case

Set-off of receivables in the context of the Sberbank case

According to the current statutory regulation of article 1982 of the Civil Code, the conditions for set-off are, firstly, performance of the same kind and, secondly, the right to demand settlement of one’s debt at the same time as the right to…
Imminent insolvency and obligations for members of the statutory body

Imminent insolvency and obligations for members of the statutory body

Considering the economic developments of the recent years, bankruptcy remains a very current topic for many entrepreneurs. Even if a member of the statutory body did not cause the bankruptcy of the company, he or she may in some cases be personally…
Transfer of personal data between the EU and the US in the light of the new framework for the transfer of personal data

Transfer of personal data between the EU and the US in the light of the new framework for the transfer of personal data

Until mid-2020, the transfer of personal data between the European Union (“EU”) and the United States of America (“US”) operated under the EU-US Privacy Shield. However, this Privacy Shield was abolished by the Court of Justice of the European Union…
Public and non-public information on trust funds in the beneficial ownership register

Public and non-public information on trust funds in the beneficial ownership register

Approximately one year ago, an amendment to Act No. 37/2021 Coll., on the registration of beneficial owners (hereinafter referred to as the “Beneficial Ownership Registration Act”) significantly changed the duties of the trustee in relation to the…
Amendment of the beneficial ownership registration act

Amendment of the beneficial ownership registration act

On 31 March 2022, the Ministry of Justice published a draft law amending Act No. 37/2021 Coll., on Beneficial Ownership Registration (the “BOR Act”). The draft responds to the ongoing infringement proceedings for incorrect implementation of the so…
« Previous page