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New project Radlická: Affordable cooperative housing in Prague has reached another important milestone!
The Affordable Cooperative Housing (DDB) project, on which Kučera & Associates has been cooperating with the Capital City of Prague (HMP) for a long time, has reached another important milestone. On 1 November 2021, the City Council approved a memorandum on cooperation between the City of Prague and the City District of Prague 5, in…
Read MoreNewsletter September 23, 2021
The Rise Of EV/ESS Business in EU – What Is Going On In The Regulatory Field In Czechia? Get Ready For November 2021!
Electromobility and the development of energy storage devices is currently a major topic not only within the EU but also within individual member states. Although there is no unified concept for supporting the sector, it is clear that all member states seek to support both the development and production of such products and their purchase…
Read MoreThe major amendment to the Labor Code will bring further changes with the coming year
Another part of the amendment to the Labor Code will enter into force on 1st of January 2021. The first part of the amendment is already binding to employers and employees since 30th of July 2020. The amendment as a whole introduces important changes, especially in the area of payed leave calculation, compensation for damage…
Read MoreContractual penalty linked to withdrawal from contract
Recently, two fundamental decisions of the Supreme Court of the Czech Republic have been issued, which fundamentally change the approach of the Supreme Court to the hitherto relatively formal conception of the issue of contractual penalties agreed upon withdrawal from the contract. This shift in case law could be very briefly characterized by the fact…
Read MoreYou can’t just unilaterally reconsider a stipulation made in the settlement agreement
In a recent decision, the Supreme Court of the Czech Republic clarified and supplemented the case law on the validity of the settlement agreement. It is clear from the approach of the Supreme Court of the Czech Republic that its interpretation always aims to maintain the validity of the settlement agreement in order to ensure…
Read MoreSignificant changes to the Business Corporations Act effective since January
An amendment to the Business Corporations Act will enter into force on January 1st 2021, bringing several significant changes. However, the amendment does not bring important changes only into the future, but may also affect existing business corporations, which are obliged to adapt to the amendment. In some cases, there are even very short deadlines…
Read MoreDoes the Supervisory Board need a request from a shareholder to sue a member of the statutory body?
The decision-making practice of the courts based on the repealed Commercial Code can still be applied to current legislation governing joint stock companies, by which the Supervisory Board can sue a member of the Board of Directors without a shareholder’s request. That is good news for companies, which can make a claim, even if their…
Read MoreCan unsatisfactory economic performance be used as grounds for terminating a fixed-term lease?
With effect from 1 January 2014, the Civil Code introduced the possibility to terminate the fixed-term lease of an apartment in the event of a change in the circumstances on which the parties evidently based the decision to enter into the contract to such an extent that the tenant cannot be reasonably required to continue…
Read MoreHave you been defamed in the public domain? Defend yourself!
Social networks are a huge phenomenon in today’s society, but they present many new risks. One of these risks is the potentially indiscriminate dissemination of targeted defamatory statements. Defamatory statements can spread through social networks very quickly and find their recipients faster and more efficiently than through traditional media (print, TV, etc.). The aim of…
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