Good governance
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
The basics of insolvency – what to watch out for when dealing with an insolvent counterparty?
Insolvency proceedings mean a great number of restrictions not only for the insolvent debtor. They have also consequences for third parties, their transactions, and their relations to the debtor...
Insolvency has an impact on court disputes, the collection of claims, contracts with the insolvent debtor and performances rendered under the same, and legal transactions of the debtor (or legal transactions in which a third party engages toward the debtor).
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The Electronic Signing of Documents: A Phenomenon in the Time of Digitization, but a Necessity in the Time of Crisis
Czech legislation permits companies, and their clients, to use several kinds of online communication, including those with the use of remote contract signing. Although it is not regulatory news, there are companies that have not yet embraced such digitisation, even in these times. During the coronavirus crisis, interaction without physical presence is not only an interesting bonus, it is an outright necessity. We have therefore summarised key information that will help companies avoid disruption in communication with their customers, continue entering into contracts, and still meet all the requirements of current measures.
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SAC sanctions CZK 1 mil fine for ‘Svarc’ system
In its June 2020 judgement, the Supreme Administrative Court (SAC) dealt yet again with the ‘Svarc’ system. The court held that a CZK 1 mil fine for allowing illegal work had been rightly imposed by the Labour Inspection Office. The decision should be a warning in particular to entrepreneurs cooperating with individuals/self-employed persons as contractors.
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