Archive for April 2013
Important tax changes – Unreliable payers of VAT and reduction of the tax base in the non-profit sector
Government bill no. 502/2012 Coll., which amends Act no. 235/2004 Coll., on value added tax, as subsequently amended, and other related laws (hereinafter the “Amendment”) was submitted to the Chamber of Deputies last June. Following relatively radical changes proposed in the Senate it was passed by the Chamber of Deputies in its original form and…
Read MoreMajor changes in security transfers of rights
The judicature to date regarding security transfers of rights has unequivocally supported the view that a security transfer of right pursuant to Section 553 of Act no. 40/1964 Coll. of the Civil Code (hereinafter the “CC”) is an agreement to transfer a right with a condition subsequent. When such condition is met, the original owner…
Read MoreModernization of EU anti-dumping instruments
Modernization of EU anti-dumping instruments On April 10th, 2013 the European Commission submitted a proposal, no. 2013/0103 (COD), to modify the set of EU rules to combat unfair competition from dumping imports and imports of subsidized products. According to Council Regulation (EC) no. 1225/2009 protecting against dumping imports from countries which are not members of…
Read MoreSupreme Court of the CR: “If the creditor does not return funds to the debtor which have been delivered to a different place than agreed upon, then it accepts the change in contract.“
“Delivery to a different account of the creditor than agreed upon still constitutes due fulfillment, provided the creditor does not object within a reasonable period of time.” This is precisely the conclusion recently drawn by the Supreme Court of the CR in its judicature. In particular, this involved SC CR judgment ref. no. 31 Cdo…
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