Mondaq All Regions - Czech Republic: Finance and Banking
TMF Group
The Czech Republic's new Act on the electronic record-keeping of cash sales becomes valid on 1 December 2016.
Schoenherr Attorneys at Law
The New Czech Civil Code has introduced several changes to the assignment of receivables and new instruments for such purposes.
Schoenherr Attorneys at Law
The Czech Republic is one of the few European countries whose legal system can offer a vehicle with the same nature as mudārabah or mushārakah.
Schoenherr Attorneys at Law
The Bonds Act has been significantly amended.
Schoenherr Attorneys at Law
The act on public auctions stipulates that a secured party may sell pledged assets in non-voluntary public auctions only based on the execution title, ie, enforceable judicial or arbitral decision, notarial or executory deed, or any other enforceable decision whose judicial enforcement is allowed by law.
Schoenherr Attorneys at Law
The regulation of M&A in the Czech Republic is split in several acts. The main source of regulation is Act No. 513/1991 Coll., the Commercial Code (the " CC ").
Schoenherr Attorneys at Law
The most important influence is to plan the process well in advance, taking into account all the necessary steps. Good tax and legal advice are essential here. The offered price, together with the statement of the board of directors and the supervisory board of the target, also play important roles.
CMS Cameron McKenna LLP
It is now practicable to pledge an owner’s account, after new rules were introduced by the Central Securities Depository.
Schoenherr Attorneys at Law
The Financial Collateral Arrangements are newly regulated by a separate act which has taken effect as of 1 January 2011.
Schoenherr Attorneys at Law
With effect from 20 July 2009, financial assistance is no longer on the list of prohibited transactions in the Czech Republic.
CMS Cameron McKenna LLP
Companies may now provide financial assistance for the acquisition of their own shares in limited circumstances.
CMS Cameron McKenna LLP
Proposals are being debated by the Czech Parliament to allow companies to provide financial assistance for the acquisition of their own shares in certain circumstances.
Salans LLP
Salans is a full service international law firm. Salans has its offices in Almaty, Baku, Barcelona, Beijing, Berlin, Bratislava, Bucharest, Budapest, Frankfurt, Istanbul, Kyiv, London, Madrid, Moscow, New York, Paris, Prague, Shanghai, St. Petersburg and Warsaw.
Salans LLP
On the 1st of April 2008 Act No. 104/2008 Coll., on Takeover Bids and on Amendments to Certain Other Acts, came into effect.
Salans LLP
Amendments to Acts and Regulations on the Capital Market (Transposition of MiFID)
CMS Cameron McKenna LLP
From 1 July 2008, electronic payment orders will be introduced for claims up to CZK 1,000,000 (c. €40,000).
Linklaters
Pursuant to current legal regulations, a Czech joint stock company can issue shares as certificated or uncertificated shares. Certificated shares exist only in the book-entry form in the registry of the Securities Centre. Both types of shares may be made out as a registered or bearer share, although certificated bearer shares are expected to be abolished in the near future.
Cermák Horejš Myslil a spol
Arthur Andersen
Arthur Andersen
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TMF Group
The Czech Republic's new Act on the electronic record-keeping of cash sales becomes valid on 1 December 2016.
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