Legal news

The inconsistent decision-making practice of the individual senates at the Supreme Administrative Court regarding the character of certain binding opinions (issued by authorities-as-stakeholders for the purposes of fast-track proceedings under the Building Act) means additional uncertainty for those who plan to erect a building. 

Creditors put themselves in a weaker position towards debtors, simply by rendering advance performances to them. What are the tools available under the law with which creditors may defend themselves if their receivable is non-enforceable?

As soon as the fiscal year is out and has been closed in accounting and tax reporting terms, one may proceed and destroy certain documents to make room in the archives. Are you on top of the mandatory archiving periods for your company's financial records?

Notarial records in which the debtor agrees to direct enforceability are a popular instrument among creditors which improves the recoverability of claims towards the debtor, and facilitates their actual collection. However, mistakes are not infrequently made when drawing up such deeds, which then result in a faulty execution title that cannot be used for the enforcement; obviously, this frustrates the primary purpose for which they were intended in the first place.

The Grand Senate of the Czech Supreme Court has (again) revisited the issue of whether or not it is permissible for one and the same person to hold the position of a member of the management ("statutory body") and at the same time to work for the company under an employment contract. In its decision, the Supreme Court has set out new rules.