New options for mortgages according to NCC

Lien is a very frequently used institute of law, by which a creditor can achieve a substantial securing of his receivable. The new regulation according to Act No.89/2012 Sb. [Coll.] of the Civil Code (hereinafter only referred to as „NCC“) will be fundamentally different. The method of settlement from the pledge according to the current…

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European patent with unitary effect saves time and money

At the beginning of December 2012 the European Parliament and the EU Council passed the so called “patent package” which aims to simplify, streamline and reduce the price of patent protection in the European Union. It is anticipated that the first European patents with unitary effect could become operational in as early as the first…

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Judgment by default: The Supreme Court resolved the matter of conditions of issuance of a judicial payment order

The Supreme Court of the Czech Republic (NS CR) finally decided the hitherto unresolved question that may arise in case of issuance of a qualified call along with a judicial payment order in the judgment under ref.no. 23 Cdo 4311/2011. It is a relatively frequent phenomenon that courts issue payment orders with the so called…

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Criminal liability of companies – liability which aims at statutory authorities

On the first of January last year, the Czech Republic took another step towards convergence with legal orders of developed countries of the EU by adopting an act on criminal liability of legal entities. The new law also places considerable demands on companies undertaking business within the scope of activities permitted by law, especially on…

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