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Invitation to CMS Business Breakfast seminars - Act on Corporations

2012-12-04 00:00:00
Company: CMS
CMS Prague is pleased to invite you to two seminars to be held on 13 November 2012 and on 4 December 2012 focusing on changes to be introduced by the new Act on Corporations that will enter into force as from 1 January 2014. This act will completely replace the current legislation concerning corporations and cooperatives contained in the Commercial Code and is the most substantial change in the Czech commercial law since 1991.

Will the new legislation make business activities easier and result in a more attractive legal environment or, on the contrary, result in legal uncertainty and high costs associated with implementing it in practice?

The new Act on Corporations will have a substantial impact on business activities in the Czech Republic. It puts more emphasis on personal responsibility and attention of all parties (whether they are entrepreneurs, partners or governing bodies) and introduces a number of important changes, including a detailed regulation of rules for corporate governance, a new concept of business group (and more detailed rules for the content of reports on relations between related parties), deregulation of a limited liability company; substantial changes are also to be applied in respect of joint stock companies.

The first seminar, held on 13th November, will bring you a basic summary of the most substantial changes introduced by the new Act on Corporations, the following seminar, held on 4th of December will focus on the specifics of limited liability companies and joint stock companies.

Seminars are free of charge, please confirm your attendance with Renata Mrazova at renata.mrazova@cms-cmck.com  

Presentations will be held in Czech.

Kind regards

Ivana Fára
Senior Associate

Patrik Przyhoda
Senior Associate

Venue: CMS Cameron McKenna, Palladium, Na Poříčí 1079/3a, 110 00 Prague 1

Tuesday 4 December 2012

Time: 9:30 AM - 11:30 AM

AmCham Corporate Patrons



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