Unlike the “old” Civil Code, the “new” Civil Code does not stipulate that in B2C relations a new warranty period is granted if a defective item is replaced by a new product within a warranty period. Legal doctrine interprets that the rule from the “old” Civil Code is not applicable in the new regime, and that a new warranty period is not provided in case of replacement of a defective product within the 24-month warranty period. The seller is only obliged to ensure that a consumer can use a defect-free product for 24 months. 

During the first week of the 2021 summer schedule, which comes in effect at Václav Havel Airport Prague on Sunday, 28 March 2021, passengers will be able to use direct air connections to approximately 35 destinations in 21 countries worldwide, including charter flights. The schedule features both currently operated destinations and services re-launched from Prague by airlines after a break. The list of offered routes should continue to increase following the resumption of operations in the coming months.  

Industrial production fell by 2.6% YoY in February amid weak production of cars due to reduced semiconductor chip supplies. Retail sales fell by 3% YoY, but given the pandemic restrictions, this was not too bad a result.

The unprecedented changes in the economic environment following the outbreak of COVID-19 have created unique challenges for setting prices in intra-group transactions. The correct setting or verification of transfer prices for the past year while observing the arm’s length principle has become a hot topic. In this respect, identifying the actual effects of the pandemic on a company, and comparing and assessing them will be of key importance.