Archive for December 2012

As from January 1, 2014 the new Civil Code (referred to as NCC) introduces a substantial innovation to assignment of claims and obligations, and thus the possibility to easily assign any and all rights and obligations of unfulfilled contract to another person without the necessity to make a new contract. ‘Contract assignment’ under the existing…

Based on the Czech government bill, the Parliament of the Czech Republic is reading for the second time the Amendment to the Commercial Code, the Act on Securities and the Act on Capital Market Business (hereinafter the ‘Amendment’). The essence of the Amendment is legislative measures which are to remove anonymous shares and help trace…

The Supreme Court judgement from October 17, 2012, file no. 21 Cdo 2596/2011, dealt with the issue of whether the employer is entitled to terminate the employment instantly in the case where the employee pretends work. In the said case, the employee pretended to be at work by swiping in his entry to work in…

In mid October 2012 based on the action brought on by the European Union v Czech Republic case C 37/11, the European Union Court of Justice has prohibited using the designation ‘pomazánkové máslo’ (butter spread ) for a traditional Czech product. The Czech Republic produces over 8 000 tonnes yearly and a large amount of…