An amendment to the Labour Code took effect at the beginning of 2021, bringing changes to leave entitlement assessment and significantly changing the entire concept of leave. Leave will no longer be reduced or partly reduced if the condition of 60 days of work and absence from work for at least 100 days due to […]
Partner,
Schaffer & Partner
How external counsel can help you explore and secure market entry opportunities
Due to the SARS-Cov-2 epidemic causing COVID-19, working from home is becoming an increasingly topical issue. The current legal regulation of working from home is insufficient, which causes a number of interpretation problems in practice. Legal regulation of working from home According to the current wording of the Labour Code, it is possible to view […]
With effect from 1 June 2021, the regulation contained in AML Directive V – i.e. Directive (EU) 2018/843 of the European Parliament and of the Council of 30 May 2018 amending Directive (EU) 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, and amending […]
Foreward by Andrew Chilvers During the past two decades the key nations of Central and Eastern European (CEE) have grown significantly following moves to liberalise their economies. On average Poland, the Czech Republic, Hungary, Bulgaria and Romania, to name a few, increased their per capita GDP by 115% between 2004-2020. Employment was at its lowest […]
Foreward by Andrew Chilvers During the past two decades the key nations of Central and Eastern European (CEE) have grown significantly following moves to liberalise their economies. On average Poland, the Czech Republic, Hungary, Bulgaria and Romania, to name a few, increased their per capita GDP by 115% between 2004-2020. Employment was at its lowest […]
Partner,
Schaffer & Partner
Central & Eastern Europe
An important amendment to the Business Corporations Act (hereinafter referred to as the “BCA”) came into force on 1 January 2021, tightening the liability of members of companies’ statutory bodies in case of insolvency. It particularly stipulates an obligation to hand over remuneration from the agreement on performance of the function if the company was […]
The procedure for establishing a Czech limited liability company has become easier after an amendment to the Business Corporations Act since 1 January 2021. If the registered capital does not exceed CZK 20,000, it is not required to open a bank account for its payment. The amendment will help those for whom a company with […]
Good news entrepreneurs eligible for investment incentives With effect from 1 May 2015 an amendment to the Law on Income Tax brought a reduction of sanctions for entrepreneurs who failed to comply with the conditions set out by the investment incentives regulation. Under previous legislation, in such cases the Tax Office was entitled to revoke […]
Partner,
Schaffer & Partner
On 1 January 2021, an amendment to the Business Corporations Act came into effect, introducing a number of obligations for companies to adapt their legal documents (Articles of Association) to the new regulation and to update their information in the Commercial Register. The obligations of companies are in particular as follows (with regard to time): […]
Restrictions implemented by the governmental measures to prevent the further spread of coronavirus disease have been recently significantly released. The employers are now deciding whether to call their employees back to the workplace and whether and, if so, how to adapt the workplace. In this article we try to outline some related aspects with the […]
Partner,
Schaffer & Partner
