News

Amendment to the Aliens Residency Act – migration quotas, special work visas and integration courses

Thursday, 12. September 2019 - 14:05
If you are a foreigner from a non-EU country, especially if you intend to work or do business in the Czech Republic, or if your company intends to employ or cooperate with foreigners, then you should not miss the extensive amendment to the Aliens Residency Act. Its individual parts will come into effect gradually, in the period from 31 July 2019...

Cooperation between ECCEDU and Schaffer & Partner continues successfully

Tuesday, 6. August 2019 - 10:28
The legal team at the Schaffer & Partner group (skupina Schaffer & Partner) has been working closely for many years now with ECCEDU (European Centre for Career Education), which organises education programmes every year for students from all over the world, although it does concentrate primarily on Chinese students. Aleš Eppinger,...

Utilizing the regular financial statements of the joint stock company as a basis for profit distribution in the following accounting period

Thursday, 25. July 2019 - 9:53
Pursuant to the previous legislation, it was concluded in the Supreme Court’s case law that the six-month period for convening the annual general meeting counted from the end of the last accounting period also determines the last day of usability of the regular financial statements as a basis for profit distribution. In practice, this meant that,...

An amendment to the Business Corporations Act as a step towards relieving the entrepreneurs?

Friday, 12. July 2019 - 13:25
The Chamber of Deputies is currently discussing in the second reading an extensive amendment to the Business Corporations Act, which has already received a considerable response in the debate, in which a few hundred comments have been raised. However, no less passionate discussion is also expected in the Czech Parliament. What fundamental changes...

Constitutional Court facilitates legalization of residence of family members of Czech nationals

Wednesday, 29. May 2019 - 16:19
It held true pursuant to the 2017 amendment to the Act on Residence of Foreign Nationals that if a family member of a Czech national who resided in the Czech Republic without a valid residence permit or if the so-called order to exit was given to him/her, filed an application for temporary or permanent residence, the Ministry of the Interior had...

Costs of Fuel for a Company Fleet Vehicle Provided for Private Use

Wednesday, 29. May 2019 - 16:11
If an employer provides to an employee a motor vehicle for private use, it is necessary to have some legal document establishing the employee’s right to use the company fleet vehicle for private purposes – such as a written agreement specifying the possibility to use the vehicle for private purposes too, free of charge.  Employees are obliged to...

Is it possible to agree upon a non-competition clause for gainful activity which is not the same as the employer’s line of business?

Wednesday, 29. May 2019 - 16:02
It is generally known that the employer may oblige the employee to refrain from any gainful activity which is the same as, or which would be of a competitive nature in relation to, the original employer’s line of business for a certain period of time (up to 1 year after termination of employment). In this context, however, it is necessary to...

A warning against using online templates and DIY contracts

Thursday, 23. May 2019 - 17:12
Besides the fact that many attorneys begin drafting client agreements from templates accumulated from years of experience and refinement, it is wise to spend the money and take the time to consult an attorney to attend to the drafting of your personal or commercial contracts instead of purchasing or downloading a template from the Internet or...

The 2019 tax package promulgated in the Collection of Laws

Thursday, 23. May 2019 - 17:10
On 27 March 2019, Act No. 80/2019, representing a set of amendments to tax laws, particularly the Income Tax Act, the Value Added Tax Act and the Tax Code, was promulgated in the Collection of Laws. The Act takes effect on 1 April 2019. The first part below presents an overview of the main changes related to income tax. Change in income from...

New trademark legislation after almost 15 years

Thursday, 23. May 2019 - 17:08
The amendment, effective since 1 January 2019, changed the Czech legislation on trademarks. The legislator thus reflected the European directive. The most significant changes concerning trademarks particularly include the following: a trademark may also be any designation that cannot be represented graphically (i.e. a movement, sound or...

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