Archive for January 2014

The New Civil Code (Act No. 89/2012 Coll., hereinafter “NCC”) entered into force on 1 January 2014. The NCC introduces several new institutes to the Czech legal environment, and one of these is a so-called family business. The regulations for family businesses are located in provisions § 700 – 707 of the NCC. This article…

Although largely unknown, the “European small claims procedure” (hereinafter the “Procedure“) has existed in the EU for some time. The Procedure is adjusted by Regulation (EC) No 861/2007 of the European Parliament and of the Council (hereinafter the “Regulation“) and provides an alternative for common dispute procedure in compliance with the Civil Procedure Act. The…

Contractual fines are one of the most frequently used methods of ensuring that commitments are met, whereas the fine itself depends on an agreement between the parties. In case of disputes regarding the payment of a contractual fine, the Civil Code (Act No. 513/1991 Coll., § 301) allowed courts to reduce (moderate) unreasonably large contractual…

Many have certainly witnessed that the New Civil Code (Act No. 89/2012 Coll., hereinafter “NCC”) has entered into effect on 1 January 2014, leading to significant changes in the area of personal rights. However, not everyone has noticed that the real property transfer tax has also changed. The name of the tax itself is the…