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Browse through a selection of articles from our legal experts on topics of interest to investors and businesses in our region.

Czech Constitutional Court overturns COVID-19-related store closures

February 2021 – On 22 February 2021, the Czech Constitutional Court overturned a government-decreed general ban on retail sales and the provision of services in certain brick and mortar shops introduced in response to the COVID-19 pandemic. Governmental...

Czech Republic: Securing parent company debt in light of a significant amendment to the Business Corporations Act

February 2021 – On 1 January 2021, a significant amendment to Act No. 90/2012, Coll., on Businesses and Cooperatives (the “Business Corporations Act”) entered into effect. Among other changes, the Act introduces a new Section 40 (5) prohibiting...

Crucial changes to Czech UBO Register legal framework – Sanctions apply from 1 June 2021

February 2021 – The Czech parliament has recently passed a new Act on UBO Register, no. 37/2021 Coll. (the “New UBO Act”) effective from 1 June 2021, which implements the EU’s Anti-money Laundering Directive no. V (AMLD V). From 1 January 2018...

Online conference "Změny v legislativě 2021" (Changes to legislation in the Czech Republic in 2021)

January 2021 – On 20 January, Kinstellar’s Prague team hosted an online conference entitled "Changes to legislation 2021" – a conference for our clients' senior management as well as for our business partners.

Updated Overview of the 5G Auctions in Central and Eastern Europe

December 2020 – The introduction of 5G networks will bring significant changes to the telecommunications market. Not only will the technology open up a wide range of new possibilities in a variety of sectors (including manufacturing, health, energy...

Czech 2020 Tech M&A Considerations

December 2020 – At Kinstellar Prague, we believe that the acceleration of the digital economy will force companies to change their strategies and fuel M&A opportunities in the technology sector. In 2020, we have already assisted clients with dozens...

Czech Republic attempts to make approval of state aid measures conditional on the absence of links to non-cooperative jurisdictions

October 2020 – The fight against the so-called tax havens has been a major ongoing issue both at the European Union level and also for Member States. A list of non-cooperative tax jurisdictions has been maintained by the EU since 2017. The battle against...

Abolition of real estate acquisition tax – Czech Government seeks streamlining in response to Coronavirus pandemic

October 2020 – A long-debated government bill to abolish the real estate acquisition tax was signed into law by President Miloš Zeman on 18 September 2020. As a final step, the Act will now be formally announced into the Collection of Laws.

Czech data protection authority imposes highest-ever fine for distribution of unsolicited commercial communications

October 2020 – The Czech Data Protection Authority (the “DPA”) has imposed a fine totaling 6,000,000 CZK (approximately 250,000 EUR) to a car dealership for its repeated distribution of unsolicited commercial communications to almost 500,000 thousand...

Screening of foreign investments into the Czech Republic

September 2020 – Following the adoption of Regulation (EU) 2019/452of the European Parliament and of the Council of 19 March 2019 on establishing a framework for the screening of foreign direct investments into the Union (the “Regulation”), the...