24.7.2008
•
News
Amendments to the act on reserves
Clear provision will be made for the creation of reserves by successor companies following a corporate transformation. The successor company will continue to create reserves and make provisions/ adjustments as commenced by the company being split up on the conditions that would have applied to such company had the transformation not taken place, but only insofar as such creation of reserves pertains to the portion of business assets passing to the successor company.
The rules on creation of provisions (adjustments) for receivables (20%-100%) shall be tightened where the nominal value of such receivables exceeds 200 000 CZK. The tax payer can create provisions (adjustments) for the receivables if it duly participates in tax proceedings (including arbitration, judicial and administrative proceedings) and takes due and timely steps necessary to exercise its rights.
Other articles
28.5.2025
•
News
Advising GRIDARCH a.s. on the Sale of Land in the Ostrava Airport Multimodal Park
KSB’s team (Jiří Horník, Jakub Porod, Jakub Mehl) provided legal counsel to GRIDARCH a.s. in connection with the sale of land located in the Ostrava Airport Multimodal Park (OAMP), which is being developed into an industrial zone with logistics facilities. The purchaser of the 110,000 sqm of commercial land was EQT Exeter.
20.5.2025
•
News
With deep sorrow, we announce the passing of JUDr. Alexandr Kocián, one of the founders of our firm.
e was not only an icon of the legal profession in Karlovy Vary and a respected lawyer, but also an inspiring colleague, a mentor to an entire generation of our attorneys, and, last but not least, a man with a sense of humor who always spread good cheer.
