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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Spotlight issue
Legal Alert | Entry of members of the elected bodies in the Commercial Register - now without a criminal record extract
On 15 January 2023, an amendment to the Public Registers Act came into force, which removed the requirement to obtain an Extract from the Criminal Records for members of elected bodies (i.e. managing directors, members of the board of directors/supervisory board, etc.) who are not permanently residing in the Czech Republic.
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Russian and Belarusian sanctions updates
Following the invasion of Ukraine by Russia, the UK, EU and US have all responded by announcing significant sanctions in respect of Russia and Belarus.
This briefing summarises the key developments from 28 February 2023.
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Disproportionate utilization of set electricity and gas prices in the group
The Government Regulation on the determination of electricity and gas prices in an emergency market situation sets maximum prices for these commodities. At the same time, it also sets the maximum permissible extent of the material benefit that a participant in the electricity or gas market can obtain by taking electricity and gas at the set price. The maximum permissible material benefit is calculated for the whole group (within the Czech Republic) taken together.
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