6.11.2008
News

Penalties on Cash Payment Cap Alleviated

It has been over four years since the 15,000 Euro cap for cash transactions was introduced. The Act on Restriction of Cash Payments was amended in August to modify the penalties, including fines for breach of the cap.

The bottom penalty limit of ten thousand Czech crowns has been cancelled. This is good news since the fine of ten thousand Czech crowns had to be imposed on even minor violations of the Act. The top limit for penalization has been reduced from five million to half a million Czech crowns, but this applies only to individuals. While legal entities are still subject to the top limit of five million Czech crowns, a release from liability has been introduced for them. Legal entities that wish to be released must give sufficient evidence that they have exerted all reasonably expected efforts to avoid the breach of the statutory duty. Liability may also expire if the authority in charge fails to initiate proceedings on a committed delinquency within 1 year after having learned thereof.

Other articles

16.2.2026
News

KŠB Confirms Its Position in the Chambers Global Guide 2026

In the latest edition of the prestigious Chambers Global Guide 2026, KŠB once again reaffirms its strong position among the leading law firms on the Czech market. Recognition across all four ranked practice areas confirms the stability of our teams and the long-term trust of our clients.

In the latest edition of the prestigious Chambers Global Guide 2026, KŠB once again reaffirms its strong position among the leading law firms on the Czech market. Recognition across all four ranked practice areas confirms the stability of our teams and the long-term trust of our clients.

13.2.2026
News

KŠB na společném fóru soudců a advokátů

Dne 12. února 2026 se v Brně uskutečnil 2. ročník společného setkání zástupců ze soudnictví a advokacie pod záštitou České advokátní komory a Nejvyššího správního soudu. Naši advokátní kancelář na tomto významném fóru zastupovali Petra Mirovská a Jakub Mehl.

Dne 12. února 2026 se v Brně uskutečnil 2. ročník společného setkání zástupců ze soudnictví a advokacie pod záštitou České advokátní komory a Nejvyššího správního soudu. Naši advokátní kancelář na tomto významném fóru zastupovali Petra Mirovská a Jakub Mehl.

12.2.2026
Financial services

KŠB Advises J&T Banka, UniCredit and PPF banka on the Next Phase of EMMA Capital’s Bond Programme

KŠB has continued its legal advisory role in connection with investment group EMMA Capital’s bond programme, which has been generating sustained and strong investor interest.

KŠB has continued its legal advisory role in connection with investment group EMMA Capital’s bond programme, which has been generating sustained and strong investor interest.