Blog
New Reporting Duty for Financial Services Intermediaries
The Czech National Bank (the “CNB”), in accordance with Section 41(3) of Act no. 6/1993 Coll. on the Czech National Bank, as amended, has issued, with effect from 1 January 2021, Decree no. 518/2020 Coll., on the Submission of Information on Financial Services Intermediaries to the Czech National Bank, details for fulfilling the reporting duty at the CNB for financial services intermediaries.
Significant Female Lawyer
Zuzana Stuchlíková, a partner of our law firm Stuchlíková & Partners was repeatedly included in the list of the most important women in Czech law, which is prepared annually by the magazine Právní rádce of the Economia publishing house.
LAW FIT 2020
On 6 November, we participated in the online LAW FIT conference focusing on law in the information technology environment and hosted by the Faculty of Information Technology of the Czech Technical University in Prague.
What is the Digital Constitution?
The Digital Constitution is introduced by the Act on the Right to Digital Services, promulgated under Act no. 12/2020 Coll., which actively influences public administration towards digitization. In particular, it enshrines the rights of natural and legal persons to communicate with public administration bodies in a digital way and the obligation of these bodies to provide digital services.
Brexit – How to Stay in the Czech Republic as a Briton?
With the arrival of the new year, the transitional period will end and the so-called hard Brexit will occur. For British citizens of England, Scotland and Northern Ireland who have lived in the Czech Republic for a long time as citizens of the European Union and wish to stay here even after the new year, the end of 2020 ends the opportunity to stay in the Czech Republic from 2021 without the need for a visa.
New Reporting Duty for Stock Brokers
In accordance with the amendment to Act no. 256/2004 Coll. (the “Capital Markets Act”), which came into force on 1 May 2020, a new reporting duty arose for stock brokers enshrined in Section 129b of the Capital Markets Act. Pursuant to this provision, stock brokers are obliged to report to the Guarantee Fund information on the amount of customer assets always by 31 January of the given year for the previous calendar year.
Innovation in a Person’s Electronic Identification – BankID
An innovative method for a person’s electronic identification is coming to the digital market with effective from 1 January 2021.
How to Obtain the Status of Exclusive Supplier for the European Union Market
Restrictions on competition in relation to cartels or monopolies are punishable by law, but in the field of intellectual property, it is possible to acquire a status similar to that of a monopoly, namely by an exclusive right to certain intellectual property.
How NOT to Buy Real Estate
Have you decided to take the first step to buy your dream real estate and you do not know how to proceed?
Exhaustion of Intellectual Property Rights
Exhaustion of rights is a concept which, simply put, means that the right of a holder of intellectual property to certain products cannot prohibit other persons from selling and reselling those products after they have been placed on the market directly by the holder or with their consent.