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 emigrants and their descendants will have it easier to (re-)acquire Czech citizenship
Some want to escape the consequences of Brexit, others feel compelled by Trump to leave the U.S., yet others would like to live and work in the EU: Czech emigrants who live abroad and their expatriate descendants may now easily acquire a Czech passport – and thus EU citizenship.
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Retail Price Maintenance in the EU
A classic price-fixing arrangement typically takes the form of a cartel, i.e. a price fixing arrangement between competitors. Price fixing is also prohibited for companies in a vertical relationship (active at different levels of the supply chain such as a manufacturer and a retailer).
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Summary of the amendment to the corporate law and specific recommendations
An amendment to the Business Corporations Act will become effective from 1 January 2021. The new regulation brings fundamental changes to corporate law, introduces new institutes and options, tries to clarify practical problems of interpretation, and approves – but also refutes – some conclusions reached by the case law during the past six years. Finally, the amendment eliminates some legislative-technical shortcomings.
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