Professor Dědič in Hospodářské noviny: Recodification facilitates the company formation process and simplifies making changes in the Commercial Register

Companies can also expect the legal uncertainty arising from acts performed in the period between when an application for a change is filed and when such change is made to be reduced.

Each of the changes mentioned above are expected to be included in the new Commercial Register Act, which is now being prepared in connection with the recodification of civil and commercial law. The option which allows entrepreneurs to file an application for entry into the Commercial Register at a court, however, will be preserved.

On this topic, Hospodářské noviny quoted Professor Jan Dědič, a partner at Kocián Šolc Balaštík, member of the Legislative Council of the Government of the Czech Republic, and co-author of the new Commercial Corporations Act:

“We will satisfy the obligation to review the legality established by EU law and many related legal problems will be eliminated. I personally consider it a great success,” says the commercial law expert Professor Jan Dědič, who came up with the idea.

“A useless step, which is far from necessary given today’s level of technology, will cease to exist,” says Professor Dědič, who is the author of the proposed change.

The full wording of the article can be downloaded here or on iHNed.cz here (in Czech only)