Archive for November 2013

Debt clearance is one of the ways of resolving a debtor’s insolvency, which can take one of two forms. The first involves the one-off settlement of the debtor’s debts by realising the debtor’s assets and dividing the proceeds between creditors, which is in essence similar to bankruptcy. The second option is a repayment calendar, under…

Once again, the Supreme Court of the Czech Republic recently ruled on the issue of the duty to act with due and reasonable care. Its conclusions on this matter are more important today than ever before, with the approaching entry of the New Civil Code (Act No. 89/2012 Coll., hereinafter “NCC”) into force. Under Section…

On 24 October 2013, the Court of Justice of the European Union issued a judgement in case no. C‑22/12, Katarína Haasová versus Rastislav Petrík and Blanka Holingová, on the question of whether the payment of compensation for non-material damage caused by the death of a loved one in the use of a motor vehicle, is…

Limited liability companies (hereinafter “LLC”) are the most widely used form of business company in the Czech Republic. They are particularly popular with small and medium-sized businesses. This relatively well known legislation in the business community will undergo a series of changes of varying degrees of significance when Act No. 89/2012 Coll., the New Civil…