Czech Republic

In brief In relation to the adaptation of Regulation (EU) 2017/745 of the European Parliament and of the Council of 5 April 2017 on medical...

The pandemic has impacted our lives in many ways, but for many of us, one of the most affected areas has certainly been work.COVID-19...

The Czech parliament is adopting a new regulation with respect to the registration of ultimate beneficial owners (i.e. persons with ultimate decisive influence on or with ultimate economic benefit from the company) ("UBO"). Although the obligation of companies to register their UBOs has already existed for some time under the Czech regulatory regime, it has shown to be insufficient in practice as the absence of any penalties or sanctions has led to the vast majority of business corporations still neglecting this obligation to register their UBOs.The new regulation will maintain the obligation to evidence the UBO in the register, but it will also impose a variety of sanctions on companies not compliant with the new UBO regime. We expect such changes to be adopted in the next few months.

Please find below a summary of measures adopted by the Czech government in order to prevent the spread of the COVID-19 in the Czech Republic, with effect from 22nd October 2020.

Welcome to the “BM for Startups” project by Baker McKenzie PragueThe program is intended for startups in the area of IT and online services...

In light of the global pandemic, governments across the globe are faced with urgent needs whose immediate coverage is a matter of life and death. Hence, these unusual and uncertain times call for rare and exceptional measures, and without much ado, governments around the globe have provided them. Common to all approaches is the will to enable public contractors to procure the urgently needed supplies to save lives and contain the pandemic without major bureaucratic hurdles.

In early March 2020, after COVID-19 had already begun its journey of destruction around the world, the European Commission (Commission) published its Comprehensive Strategy...

On 17 May 2020, after more than 2 months, the state of emergency declared due to the COVID-19 outbreak in the Czech Republic on 12 March 2020, finally ended. This alert summarizes the most important consequences for your employees.

In brief Corporate Law Measures Due to COVID-19 As the COVID-19 pandemic develops, so do the legal measures introduced in the Czech Republic. After adoption of...

In brief The current situation around the COVID-19 crisis requires a significant level of flexibility in contractual relationships, which, under standard circumstances, is hard to...