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
Summary of 2020 and challenges for 2021 in Czech competition law
The Office for the Protection of Competition (“Office”) recently published an annual report summarizing its significant activities in 2020 and outlining the agenda for 2021. The most important areas are prohibited agreements, abuse of a dominant position and significant market power.
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Early-warning tools and preventive restructuring mean the threat of insolvency can be detected and defused in time
Czech law has so far lacked an instrument which would set forth clear and umambiguous rules for out-of-court negotiations between distressed businesses and their creditors. This may change, thanks to the transposition of EU law on the concept of preventive restructuring and the introduction of an early warning system.
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