Good governance | Council on Czech Competitiveness

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

28th August 2020 / Good governance / Legal Reform and Transparency

Assumption of debt as an inoperative transaction for the purposes of insolvency proceedings

It is common practice in the Czech Republic for buyers to settle a part of the purchase price by assuming the seller’s debt toward third parties. However, these arrangements are not entirely risk-free for the seller.

26th August 2020 / Good governance / Legal Reform and Transparency

Legal Alert in the field of corporate law

Amendment to the Business Corporations Act

26th August 2020 / Good governance / Legal Reform and Transparency

Termination of emergency measures related to insolvency

On 31 August 2020, most of the measures introduced by the so-called lex covid, the law adopted to mitigate the effects of a pandemic in relation (not only) to insolvency law, will terminated.