White & Case LLP (JD Supra Czech Republic)

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 from countries outside the EU. Based on the new rules, the state may approve the foreign investment under review, or make it conditional upon the fulfillment of certain...

The Czech Government has enacted a number of measures in order to provide businesses affected by the novel coronavirus (“COVID-19”) pandemic with a package of emergency economic relief and financial assistance. The measures are designed to help Czech businesses through the dramatic short-term effects of COVID-19 and to ensure that businesses are in a good…

Following the outbreak of COVID-19 and its development into a global pandemic, organizations have been implementing exceptional measures to safeguard the health of employees, customers and others. Organizations are also endeavoring to maintain "business as usual" to the extent allowed by their particular circumstances.

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 and fix certain interpretational ambiguities that plagued the previous version of this law. With a few exceptions, the amendment is slated to come into force as of January 1, 2

Q1/ Applicable legislation - (a) Have the requirements of the GDPR been addressed by introducing a new law, or by updating existing legislation? New legislation has been passed. ——— (b) Relevant legislation includes: - Act on processing of personal data (the “Data Protection Act”) ..Date in force: 24 April 2019....

Effective as of 1 January 2018, Czech law requires that "ultimate beneficial owners" of companies and trust funds be recorded in a central register, in the interest of bringing increased transparency to the ownership structures of legal entities.

1 Policy and law - What is the government policy and legislative framework for the electricity sector? The goals of the Czech Republic in the energy sector, including the preferred fuel mix, are outlined in State Energy Policy (SEP) which provides both a long-term as well as a short-term outlook on energy. The government may update the SEP from time to time. In 2015, the Czech...

According to the M&A Attractiveness Index, developed by the M&A Research Centre at Cass Business School, the Czech Republic is now ranked 21st out of a total of 147 countries in terms of its attractiveness for M&A purposes (i.e., its ability to attract and sustain business activity). The six-year trend data track the Czech Republic as achieving its best rank to date as the 21st most...

As of August 1, 2013, Act No. 45/2013 Coll., on Victims of Crime and Amendments to Certain Other Acts, entered into force. The purpose of the Act is to regulate the rights of victims of crime – natural persons, and to provide them with adequate standing in criminal proceedings and with systematic professional and financial help. In addition to that, the Act amends other legal regulations having a