Planned Amendment of Trust Fund Legislation

A major amendment of the Civil Code, the Act on Public Registers and other legislation that will have a major impact on, among other things, trust funds is currently waiting discussion by the government. The amendment will, above all, introduce mandatory registration of trust funds in a Register of Trust Funds and also regulate the…

Read More

Concurrence of Executory and Insolvency Proceedings

On the face of it, a number of connections between executory proceedings under Act No. 120/2001 Coll., the Execution Code (hereinafter “ExC”) and insolvency proceedings under Act No.186/2006 Coll., the Insolvency Act (hereinafter also “IA”) could undeniably be found. Although both these proceedings relate to the debtor’s assets (estate), they have two totally different objectives…

Read More

PUBLIC PROCUREMENT: Cross-Border Contracts and the Provision of Foreign Minimum Wage

Entrepreneurs who send their employees to another EU Member State to provide services under a contract with a customer (client), have an obligation to provide these employees with the same working conditions as those enjoyed by employees in this Member State, including minimum wage. So, for example, if a Czech entrepreneur sends employees to provide…

Read More

End of Half-Transfers in Auto Sales Business

On 1 January 2015, an amendment of Act No. 56/2001 Coll., on conditions for the operation of vehicles on the roads came into force, published in the Collection of Laws under no. 239/2013. Among other things, the amendment aims to simplify the paperwork associated with the transfer of motor vehicles. This article examines the practical…

Read More