Good governance / Legal Reform and Transparency
This section details initiatives to make government a competitive advantage. It includes analysis and reports of government initiatives, as well as data on accountability and performance measures.
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Support for companies during the Coronavirus pandemic – claiming damages including lost profits
Compensation for damage including lost profits incurred due to the crisis measures, regulated in the Czech Republic under the Crisis Act, which took effect on January 1, 2001 (Act No. 240/2000). According to Section 36(1) of Act No. 240/2000, “The state is obliged to pay compensation for damage caused to legal entities and natural persons as a direct result of the crisis measures and exercises (Section 39(4)) performed under this Act. The state can only absolve itself of this responsibility if it proves that the injured party caused the damage to itself.”
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Coronavirus: Impact of operational restrictions on commercial and residential leases in the Czech Republic
Due to Coronavirus (SARS CoV-2), the operation of retail shopping facilities in the Czech Republic is affected by operational restrictions imposed by the public authorities from 12 March 2020 to protect public health and safety. The Czech Government also introduced bills which prohibit the termination of leases due to non-payment of the rent, provided it is caused by restrictions imposed by the public authorities in relation to the pandemic.
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Coronavirus - Czech loan moratorium: its true impact in the field of large corporate financing
On 7 April 2020, the lower house of the Czech Parliament, the House of Deputies (in Czech Poslanecká sněmovna České republiky), approved a draft bill on certain measures regarding loan repayments in relation to the COVID-19 pandemic (in Czech návrh zákona o některých opatřeních v oblasti splácení úvěrů v souvislosti s pandemií Covid-19) (document no. 813) by decree no. 1024. The revised draft bill, under Senate document no. 229, will be discussed in the upper house of the Czech Parliament, the Senate, in the near future, and subsequently presented to the President for his signature, sealing the legislative procedure. As such, the new rules could become effective by their publishing in the Collection of Laws this post-Easter week by the middle of this week.
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