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    The pitfalls of acquittance

    Czech Republic: Under the New Civil Code, creditors must be prudent when it comes to providing payment confirmations - mistakes can compromise their legal position vis-a-vis debtors

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    Criticism of one's employer as grounds for dismissal

    Czech Republic: Constitutional Court reviewed the legitimacy of dismissal from employment due to criticism of the employer

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    Changes in the law on debenture bonds

    Czech Republic: On 1 August 2014, amendment No. 137/2014 Coll. to the Act on Bonds came into force, introducing new concepts that seek to modernize the world of debenture bonds

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    No lifetime use without the consent of all co-owners.

    Easements for lifetime use are relatively common.

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    Acquisition of agricultural land

    Changes in transactions with agricultural land in force from 1 August 2014.

    The Latvian legislator has amended the law “On land privatisation in rural areas” so that from now not only Latvian citizens and registered legal entities will be able to acquire real estate, but also private individuals and legal entities from European Union Member States, European Economic Area States and the Swiss Confederation. Regardless of this, however, the legislator has introduced restrictions on certain transactions with agricultural land. In order to acquire agricultural land, private individuals and legal entities have to prove certain criteria – relevant professional education, prior activities and income from agricultural production, clear information on the true beneficiaries and the absence of tax debts. In addition, each private individual or legal entity will be able to acquire ownership of up to 2000 ha of agricultural land. However, municipalities will have the right to set the maximum area of agricultural land that one private individual or legal entity can own within their administrative areas, but no more than 2000 ha. There is also a new procedure for acquiring agricultural land, so that a person who meets the criteria in order to be able to acquire agricultural land must first apply to the municipality of the territory in which the land is located. In the application the person has to certify that the land will be used only as agricultural land. The transaction deed and a document certifying that person’s right to own land also has to be attached to the application. After reviewing the application the municipality will decide whether or not to allow an applicant to acquire agricultural land. 

    Source: Law “On land privatisation in rural areas

     

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