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
Czech courts deal with the concept of competition in recent landmark cases
Czech courts recently handed down two important (and interesting) decisions in which they considered various aspects of competition. One decision related to the liability of data storage service providers for IP infringement, and the other concerned Ryanair’s restrictions on sale of their flight tickets by third parties.
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Another step towards digitisation in corporate law
The Ministry of Justice has prepared a bill to implement into Czech law further changes arising from the EU directive as regards the use of digital tools and processes in corporate law. The related amendment to the Notarial Code has already entered into effect.
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Czech Supreme Court rules that shareholders may assume responsibility for specific decisions adopted by the management
In a recent judgment, the Supreme Court took position on the options available to shareholders of a joint-stock company to assume, in a shareholders’ agreement, the obligation to intercede with the board in favor of a concrete board decision, or the responsibility for the adoption of such decision.
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