Allen & Overy LLP (JD Supra Czech Republic)

As of 1 May 2021, a foreign direct investment control regime has become applicable in the Czech Republic. Act No. 34/2021 Coll., on the screening of foreign investments (the Act), applies, among others, to acquisitions of at least 10% of shares in a company performing economic activities in the Czech Republic by an investor whose seat is outside the EU. Foreign investment in the most sensitive...

Since 1 January 2017, when the Act No. 186/2016 Coll., on Gambling (the Gambling Act) entered into force, foreign online gambling operators have been at a disadvantage in the methods of identity verification of their customers available when compared both to their Czech counterparts and to local land-based gambling operators.

The Czech government has submitted to the Parliament a proposal introducing certain measures aiming to mitigate the impact of the Covid–19 coronavirus epidemic on, among others, corporate affairs (the Covid Bill).

The Czech government has submitted to the Parliament a proposal for temporary changes to Czech insolvency law aiming to mitigate the impact of the measures adopted in combating the coronavirus SARS CoV-2 epidemic (the Covid Bill).

The Czech government has submitted to the Parliament a proposal which would ultimately result in temporary changes to credit facilities agreements and certain other finance documents of, amongst others, corporate borrowers irrespective of the law governing these contractual relationships.