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22.5.2008
News

KSB participates in external comments proceedings on Waste Act Amendment

Kocián Šolc Balaštík (KSB) law firm participated in providing comments to the so-called great amendment to Act No. 185/2001 Coll., the Waste Act, introduced by the Ministry of the Environment at the end of February 2008.
14.5.2008
News

Kocián Šolc Balaštík - Law Firm of the Year 2008

Prague, 12 May 2008 – Kocián Šolc Balaštík (KSB) has won the first ever Chambers Europe Awards for Excellence. At the ceremony in Barcelona on Thursday 8 May 2008, KSB was delighted to receive the award for National Law Firm of the Year 2008, Czech Republic. The award confirms that KSB is a leading Czech law firm, having already been named Law Firm of the Year, Czech Republic 2006 and 2007 by Who\'s Who Legal.
1.5.2008
Publications

Getting the Deal Through – Gas Regulation 2008

Václav Rovenský and Tomáš Sequens have recently authored the chapter on the Czech Republic for Getting the Deal Through – Gas Regulation 2008 edition, published by Law Business Research, London. The Czech chapter provides a clear and concise guide to the law governing the Czech gas market as well as many related business aspects. Available for download here.
3.4.2008
Publications

The International Comparative Legal Guide to: Litigation & Dispute Resolution 2008

Pavel Dejl and Radka Felgrová have recently authored the Czech chapter in The International Comparative Legal Guide to: Litigation & Dispute Resolution 2008, providing a clear guide to the basic law on dispute resolution in court and arbitration proceedings in the Czech Republic, the organisation of Czech courts and litigation under Czech law. Other points covered include assets available to the parties, instruments used by the court to direct the proceedings, types of court orders and the effects of court decisions. Arbitration is covered in a separate chapter. The Guide is published by the Global Legal Group. To view/download click here
2.4.2008
News
M&A

KSB advises Heineken on its acquisition of Drinks Union

Kocián Šolc Balaštík (KSB) acted for Heineken during the acquisition of Drinks Union, a.s., the Czech beverages group and owner of several Bohemian breweries (Krásné Březno, Velké Březno, Louny, Kutná Hora), whose portfolio includes the Zlatopramen brand.
19.3.2008
News

Úpadek, insolvenční právo

19.3.2008
News

Úpadek, insolvenční právo

12.3.2008
News
Environmental Law

KSB – one of the first participants in the \"Green Firm\" environmental project

KSB is one of the first to take part in Green Firm, a project organised by REMA Systém, a.s., a company duly licensed to manage electrical waste in the Czech Republic.
11.3.2008
Publications

VAT on financial and insurance services – not just for banks and insurance companies

This article (published by C.H. Beck) by Václav Pátek (of KSB) provides a detailed legal analysis of VAT issues with a wider application than the narrowly defined specialise in the title suggests. Pátek examines selected aspects of financial and insurance services (in the current business climate no longer the sole province of banks and insurance companies) to compare Czech and EU VAT laws and to investigate whether Community law has been given full and proper effect with reference to selected services. Pátek's contribution will assist tax consultants, advocates and all of those working in the sector of tax administration, as well as all those seeking answers to VAT application issues in the seemingly narrow sector of financial and insurance services. In particular, some of the general principles identified will be applicable in areas additional to those indicated in the title. For further information click here
5.3.2008
Publications

A Practical Guide to National Competition Rules Across Europe – second edition

Pavel Dejl, Pavel Nosek and Ivo Šimeček have recently completed the chapter on the Czech Republic in A Practical Guide to National Competition Rules Across Europe – second edition, published by Kluwer Law International as part of their International Competition Law Series. True to its title, the publication is a comprehensive guide to competition law in the EU, Norway and Switzerland. As well taking an overall look at Czech competition law, the Czech chapter deals with related aspects of Community law and regulated markets legislation, cartel agreements, abuse of dominant position, competition law enforcement, powers of the Czech Antitrust Office and the law on concentration of undertakings, with illustrative recent judicial decisions. To download this chapter, click here
3.3.2008
Publications

The International Comparative Legal Guide to: Cartels & Leniency 2008

Pavel Nosek and Ivo Šimeček have recently written an article for The International Comparative Legal Guide to: Cartels & Leniency 2008, published by Global Legal Group, examining newly enacted provisions on regulation of cartels and the leniency program in the Czech Republic and briefly commenting on basic Czech competition law and the powers of the Czech Antitrust Office. The article also sets out basic information on proceedings before the Office, including reviews of its decisions and appeals. The article is available here
21.2.2008
News

Pokyny k vyplnění souhrnného hlášení k DPH

21.2.2008
News

Prominutí správního poplatku při elektronickém podání

21.2.2008
News

Zákon o územních finančních orgánech

21.2.2008
News

Sazby stravného pro rok 2007

21.2.2008
News

Částky pro stanovení výpočtových základů nemocenského pojištění

21.2.2008
News

Stanovení jednotných kurzů

21.2.2008
News

Novela předpisů v oblasti nemocenského pojištění, sociálního zabezpečení a pracovněprávní

21.2.2008
News

Průměrné ceny pohonných hmot

2.2.2008
News

Martin Šolc – Lawyer of the Year 2007

Martin Šolc, partner of Kocián Šolc Balaštík (KSB), has been elected Lawyer of the Year 2007, Commercial Law. His success means that KSB has won the award in three consecutive years - Jiří Balaštík was Lawyer of the Year 2005 (Property) and Professor Dědič was Lawyer of the Year 2006 (Commercial).
17.1.2008
News
Corporate law

KSB represented PPF Group N.V. in establishment of European Company HC SE by merger

Kocián Šolc Balaštík (KSB) provided PPF Group N.V. with legal services in Czech and EU law in regard to establishment of European Company HC SE. The procedure involved merger of Home Credit Grand Holding a.s. and HC Holding a.s. into Dutch entity HCES N.V. which changed its legal form into HC SE as a result of the merger. The transaction included resolution of employee involvement issues in the merging companies and subsidiaries in the Czech Republic, Netherlands and Slovakia.
17.1.2008
News

KSB advises during preparation of first pilot PPP project in Czech Republic – “Project for Central Military Hospital’s Staff Dormitory, Hotel and Parking Place”

Law firm Kocián Šolc Balaštík has been appointed by Hochtief CZ, a.s. as legal advisor for its consortium in connection with preparation of the Public Private Partnership (PPP) project titled “Project for Central Military Hospital’s Staff Dormitory, Hotel and Parking Place”. The project consists of financing, building and operation of Prague Central Military Hospital’s staff dormitory, hotel, parking place and related structures. The investment value of the project amounts to CZK 1 billion.
16.1.2008
News

Jan Najman is new attorney at KSB

Law firm Kocián Šolc Balaštík (KSB) extended its team in early January by attorney Jan Najman, whose practice is focused on the law of commercial companies, mergers and acquisitions and the law of commercial obligations.
17.12.2007
News

Brno Regional Court nullifies the ruling against RWE Transgas, a.s. on abuse of dominant position issued by the Chairman of the Office for Protection of Economic Competition

Kocián Šolc Balaštík acted for RWE Transgas before the Brno Regional Office against the Chairman of the Office for the Protection of Economic Competition on an appeal against a ruling on abuse of dominant position.
7.12.2007
News

VGP launched on Prague and Brussels Stock Exchanges

VGP’s share issue today is the second IPO on the Prague Stock Exchange this year offered by VGP, an industrial developer specialising in construction and lease of sites for logistics and light manufacture. Kocián Šolc Balaštík has advised VGP almost right from the start of its business activities in the Czech Republic on many matters including contract leases, land acquisitions as well as corporate and employment law.
6.12.2007
Publications

Leniency Regimes – second edition

Pavel Dejl, Pavel Nosek and Ivo Šimeček have recently contributed a chapter on the Czech Republic for publication in Leniency Regimes (pub. European Lawyer Limited) reflecting changes applied as from 28 June 2007 by the Czech Office for the Protection of Economic Competition and based on the ECN Model Leniency Program and the existing European Commission Leniency Program. Under the new regime, the Office may use its discretion to reduce fines imposed on parties to secret horizontal cartel agreements if they work together with the Office to detect and disclose such arrangements. The contribution is a full update on the position under the former Leniency Program dating from 2001. Download the chapter here
26.11.2007
News
M&A

KSB represents New Frontier Holding in acquisition of majority share in Profinit

Law firm Kocián Šolc Balaštík represented the Austrian company New Frontier Holding GmbH in purchase of sixty percent share in the Czech company Profinit, s.r.o., a provider of specialized IT solutions.
23.11.2007
News
Corporate law

KSB assists OKD in spin off of assets

Law firm Kocián Šolc Balaštík assisted OKD in a further step toward its restructuring, consisting of spinning off part of OKD’s assets into a newly established company, as part of KSB’s continuing provision of consultancy to OKD and the RPG Group, to which OKD belongs. The spin-off took effect on 31 October 2007.
19.11.2007
News
Pro bono

Charity Concert for Good Will Committee – Olga Havlová Foundation

Law firm Kocián Šolc Balaštík organises the traditional Charity Concert for the Good Will Committee – Olga Havlová Foundation. This year is the concert’s thirteenth year, taking place on Sunday 25 November 2007, 7:00 p.m., at the concert hall of the Church of St. Simon and Jude in Prague Old Town.
18.11.2007
News

KSB’s Karlovy Vary branch expands its team by new attorney

Aleš Váňa is the latest member to join the team of attorneys at KSB’s Karlovy Vary branch. He joined the firm in November and is a specialist in civil and commercial law, litigation and real estate law. Aleš Váňa graduated from the Law Faculty of Charles University in Prague in 2003 and subsequently obtained experience and knowledge in advising regional entrepreneurial entities, first as a junior lawyer and then as an attorney in 2007.
1.11.2007
News

KSB acts for Gordon Ramsay Prague Limited on the opening of the MAZE Prague

Kocián Šolc Balaštík advised Gordon Ramsay in connection with the opening of a new MAZE restaurant at the Hilton Prague Old Town (formerly Renaissance Hotel Prague). KSB's advice covered corporate and commercial, real property and labour law matters.
9.10.2007
News

KSB mixed volleyball team wins silver medal at 10th Czech Bar games

Kocián Šolc Balaštík (KSB) fought off most of the mixed volleyball competition at Nymburk (5-7 October 2007) at the 10th Bar Games to come second.
8.10.2007
News
M&A

KSB advises participants in KSK BONO and Bono Servis on disposal of their interests

Kocián Šolc Balaštík acted for participants in KSK BONO and Bono Servis on the sale of their 100% interests to MISPOL S.A., a Polish company listed on the Warsaw stock exchange and a market leader in the manufacture and distribution of canned meat, spreads, ready meals and animal feeds. The value of the transaction, also involving interests in other members of KSK BONO Holding in Poland and Slovakia, was 10 million EUR.
18.9.2007
News
M&A

KSB assists Saudi Basic Industries Corporation (acquisition of GE Plastics)

Kocián Šolc Balaštík advised <a href="http://www.sabic.com/" title="Saudi Basic Industries Corporation" >Saudi Basic Industries Corporation (SABIC) on the Czech involvement in the world-wide acquisition of the plastics division from General Electric. The acquisition was completed on 31&nbsp;August 2007. The deal is worth more than 11 billion USD.
21.8.2007
News
Competition

Heineken expands to include Krušovice brewery

Kocián Šolc Balaštík (KŠB) law office represented Brau Union AG, a member of the multinational Heineken Brewery Group, before the Czech Anti-trust Office on an application for approval of the acquisition of Královský pivovar Krušovice. KŠB's wide-ranging services were instrumental in securing unconditional approval for the merger, granted by the Office on 3&nbsp;August 2007. With the acquisition of Krušovice brewery, the Heineken Group has a major player on the market for beer production and distribution in the Czech Republic.
8.8.2007
Publications

Getting the Deal Through – Gas Regulation 2007

Václav Rovenský and Tomáš Sequens prepared the article on legal regulations and rules for the Czech gas market business. The contribution is part of the publication Getting the Deal Through – Gas Regulation 2007, issued by the London based analytical company Law Business Research. The publication summarizes national gas markets in 36 world-wide jurisdictions. The chapter covering the Czech gas industry was included in the publication for the first time since 2003, when the publication started. The contribution can be downloaded from here.
8.8.2007
Publications

Freeman’s Guide to European Property 2007

Helena Navrátilová contributed to the publication Freeman’s Guide to European Property 2007 with an article focusing on tax issues in the field of real estate in the Czech Republic. The publication analyses the details of the property market in more than thirty European countries. The contribution can be downloaded from here.
26.7.2007
News

Czech Constitutional Court cancels decisions of Supreme Administrative Court and Antimonopoly Office against Telefónica O2 Czech Republic for alleged abuse of a dominant position

Law firm Kocián Šolc Balaštík (KŠB) successfully represented Eurotel Praha (currently Telefónica O2 Czech Republic) before the Constitutional Court of the Czech Republic against the Supreme Administrative Court’s decision in favour of the Antimonopoly Office for alleged abuse of a dominant position.
16.7.2007
News
M&A

KŠB represents FONTERON HOLDINGS LIMITED in sale of majority interest in Heli Food Fresh

Law firm Kocián Šolc Balaštík represented FONTERON HOLDINGS LIMITED in sale of a majority block of shares in HELI FOOD FRESH a.s., a leader on the Czech ready-made meals market, and in establishment of a joint-venture between shareholders of this company. Bakkavor Group, a major UK provider of cooled precooked food, bought the shares and became partners with FONTERON HOLDINGS LIMITED in the joint-venture.
11.7.2007
News

KŠB is exclusive legal partner of PPP seminar on regional representation of Czech Republic in Brussels

Law firm Kocián Šolc Balaštík was the exclusive legal partner for the seminar “Use of Extra-Budgetary Financing for Regional Projects” organised by regional offices of the Czech Republic in Brussels. The seminar took place on 6&nbsp;June 2007 on the premises of the Prague House as part of an extended meeting of the national delegation at the Regions&rsquo; Committee.
14.6.2007
News
M&A

KŠB represents Heineken in acquisition of Krušovice Brewery

Law firm Kocián Šolc Balaštík provided full legal services to Heineken Group member Brau Union AG in its acquisition of a wholly-owned share in Královský pivovar Krušovice&nbsp;a.s., the biggest recent transaction on the Czech beer market.
30.5.2007
News
M&A

KSB represents Glenmark Pharmaceuticals in acquisition of Medicamenta

Law firm Kocián Šolc Balaštík represented Indian pharmaceutical company Glenmark Pharmaceuticals Ltd. in concluding a deal via its Swiss subsidiary Glenmark Holding SA to acquire a majority shareholding in Medicamenta a.s., a company carrying out business activities in the production, sale and marketing of pharmaceutical products in the Czech Republic and Slovakia.
9.5.2007
News

Kocián Šolc Balaštík once again named Czech Republic&rsquo;s Law&nbsp;Firm&nbsp;of&nbsp;the&nbsp;Year

Press release: Prague, 9 May 2007 Kocián Šolc Balaštík has been named Czech Republic&rsquo;s Law Firm of the Year 2007 in the Who&rsquo;s Who Legal Awards. This is the second consecutive time the firm has been recognised in this way, having won the inaugural award last year. In addition, Kocián Šolc Balaštík was the first independent national firm to ever win the award.
1.5.2007
News

Commission's proposed "green crimes" Directive

1.5.2007
News

New package of measures to facilitate free movement of goods in the internal market

1.5.2007
News

Commission presents proposal for Third Postal Services Directive

1.5.2007
News

Trans-European Transort Network Executive Agency (TEN-TEA) created

1.5.2007
News

Directive on shareholders' voting rights adopted at first reading

1.5.2007
News

International agreement to eliminate customs duties on approved pharmaceuticals

17.4.2007
News

Professor Dědič – one of top five most influential Czech lawyers

Professor Jan Dědič, partner of Kocián Šolc Balaštík, is one of top five most influential lawyers in the Czech Republic, according a poll organised by Hospodářské noviny.
1.4.2007
News

New Directive 77/388/EEC on system of value added tax

1.4.2007
News

The Commission decides Spanish electricity and gas regulator's powers to be contrary to EC law

1.4.2007
News

New Regulation No. 1924/2006 on nutrition and health claims made on foods

1.4.2007
News

Services Directive

1.4.2007
News

European Court of Justice's decision in Danone case

1.4.2007
News

European order for payment

1.4.2007
News

Public works contracts

1.4.2007
News

<em>De minimis</em> level for State aid to be raised

1.4.2007
News

New Directive 2006/115/EC on rental right and lending right in field of intellectual property

1.4.2007
News

New Directive 2006/116/EC on term of protection of copyright and certain related rights

1.4.2007
News

New Regulation No. 1925/2006 on addition of vitamins, minerals and certain other substance to foods

1.4.2007
News

New public consultation for simplification of Directive 76/768/EEC on cosmetics

1.4.2007
News

The Commission's new initiatives in sector of air transport

1.4.2007
News

New Energy Policy for EU

1.4.2007
News

Fine on French telecom operator confirmed

22.1.2007
News

Professor Dědič Wins 2006 Lawyer Of Year Award

A jury of professionals chose Kocián Šolc Balaštík (KSB) partner Professor <a href="./profil.php?id=2" title="Jan Dědič">Jan Dědič as 2006 Lawyer Of Year in commercial law from over 350 nominated lawyers competing in ten categories. KSB scored again in the second year of the competition organized by the Czech Bar Association and epravo.cz under the auspices of the Ministry of Justice. Last year KSB partner Jiří Balaštík won the 2005 Lawyer Of Year Award in real estate.
3.1.2007
News

Kocián Šolc Balaštík becomes member of Association for Foreign Investment

Kocián Šolc Balaštík (KSB) became a member of the Association for Foreign Investment (AFI) as of January 2007. AFI represents a select group of entities with long-term experience of the Czech business environment and providing services in key areas for investment inflow and implementation thereof. AFI’s main focus is assisting foreign investment inflow to facilitate the entry of foreign investors on the Czech market, and the group cooperates with the government agency for business and investment support, CzechInvest.
2.1.2007
News

New KSB Partners &ndash; Pavel Dejl and Václav Rovenský

The current six partners of Kocián Šolc Balaštík (KSB) elected Pavel Dejl and Václav Rovenský as new partners effective January&nbsp;1, 2007. Both attorneys have been with KSB for a long time and are respected lawyers in their field of expertise.
29.11.2006
News

Non-contractual liability of member states for damage caused to individuals by infringements of comm

Decision by European Court of Justice in Case C-173/03 Traghetti del Mediterraneo SpA, in liquidation dated 13 June 2006.
29.11.2006
News

Electronic communications and data retention

Directive 2006/24/EC of the European Parliament and of the Council of 15 March 2006 on the retention of data generated or processed in connection with the provision of publicly available electronic communications services or of public communications networks and amending Directive 2002/58/EC.
29.11.2006
News

State aid

Judgment of the European Court of Justice in Case C-66/02 Italian Republic v Commission of the European Communities dated 15 December 2005[2].
29.11.2006
News

Requirement of sufficient personal financial resources for residence permit

Judgment of the European Court of Justice in Case C-408/03, Commission of the European Communities v Kingdom of Belgium of 23 March 2006.
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Zprávy

Aviation and aerospace
Capital markets
Competition
Corporate law
Disputes
Employment law
Energy
Environmental Law
Financial services
Insolvency and reorganisation
Intellectual property
KŠB Institute Articles
M&A
News
Private wealth, tusts, foundations
Pro bono
Public procurement
Publications
Real estate and construction
State Aid
TMT
Tax
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Zrušit filtr
18.2.2009
News

New developments in legal regulations from 2009

Changes in payment of social security contributions from 1 January 2009; Maximum assessment base for 2009; Sickness Insurance Act
18.2.2009
News

From Judicature - The Constitutional Court Has Issued a Further Interesting Award

The break-through resolution of the Constitutional court concerning the deadline for additional tax assessment of which we informed in the past Tax News was preceding by another interesting resolution from the end of November 2008 in which the Constitutional court provided its comments on the contents and objective of tax inspection.
18.2.2009
News

International relations

Communication of the Ministry of Foreign Affairs on termination of the Agreement between the Czech Republic and the Union of Soviet Socialistic Republics on Social Security and the Protocol to the Agreement in relation to the Russian Federation
18.2.2009
News

Negotiated amendments

Amendment to the Income Tax Act; Chamber of Deputies postpones approval of partial harmonization amendment to the VAT Act and Excise Tax Act; Amendment to the Foreign Currency Act
13.2.2009
News
M&A
Energy

KSB Assists OKD, a.s. in Spin-Off of Energy-Related Assets

Kocián Šolc Balaštík advised OKD, a.s. in connection with the spin-off of OKD’s CZK 2.8 billion worth of energy-related assets to its sister company NWR Energy, a.s.
20.1.2009
News

Nový trestní zákoník čeká již jen na podpis prezidenta

20.1.2009
News

Changes in Cadastral Register

In the end of the past year, an amendment to the Cadastral Register Act was passed. In addition to legislative and technical adjustments, the amendment also contains significant factual changes. In general, data registered in the Cadastral Register will be more easily accessible, since in view of the advanced digitalization, any Cadastral Office may provide extracts, extracts from cadastral maps and any other data regardless of where the real estate is situated or under what Cadastral Office its cadastral area belongs. Simultaneously, together with the protection of important personal data that is usually contained in the Cadastral Register’s information system (such as information on financial circumstances, in particular information on acquisition of assets, purchase prices, etc.), the provision of certain data will be subject to certain regulation.
20.1.2009
News

Increased performance under insurance of deposits

The amendment to the Banking Act increases the maximum compensation provided under insurance of deposits to the amount equaling the equivalent of EUR 50,000. The new amendment took effect on 15 December 2008.
20.1.2009
News

New regulation for documenting certain facts entered in Commercial Register

Following the new regulation concerning mergers and other transformations effective 1 July 2008, an amendment was passed to Decree 250/2005, Coll. on Binding Forms for Filing Applications for Entry into Commercial Register. The major change is a new detailed regulation of mandatory annexes documenting facts entered into the Commercial Register in case of transformations of commercial companies, cooperatives and European cooperatives.
15.1.2009
News
Corporate law

KSB advises MICHEL THIERRY during restructuring in the Czech Republic

Law firm Kocián Šolc Balaštík provided legal advice to the MICHEL THIERRY GROUP SA during the merger and transfer of assets of its subsidiaries.
14.1.2009
News

New Attorneys at KSB - Radka Felgrová and Martin Škrabal

Law firm Kocián Šolc Balaštík, recognized as the Czech Republic's leading law firm in corporate law&nbsp;by the November survey of ePravo.cz, expanded its team of attorneys by two new members, Radka Felgrová and Martin Škrabal.
30.12.2008
News
M&A

KSB represented OKD, a.s. on the sale of its subsidiary OKD, BASTRO, a.s.

Law firm Kocián Šolc Balaštík assisted OKD, a.s., the biggest Czech producer of black coal, on the sale of its subsidiary, OKD, BASTRO, a.s. The transaction was another step towards the realisation of OKD’s long-term plan to focus on its core business of coal extraction.
29.12.2008
News

Notification of the Finance Ministry

Notification of the Finance Ministry dated 2 December 2008 on classification of tangible assets into depreciation groups; Decree sets foreign meal allowances for 2009; Information on application of the provisions of Section 36, subsection 11 of the VAT Act
29.12.2008
News

New developments in legal regulations from 2009

Changes in payment of social security contributions from 1 January 2009; Maximum assessment base for 2009; Sickness Insurance Act
29.12.2008
News

From Judicature - The Constitutional Court issued a breakthrough resolution concerning the interpretation of periods set for tax assessment

Pursuant to the award of the Constitutional Court dated 2 December 2008, the three-year period in which a tax or an additional tax can be assessed does not commence at the end of the taxation period in which the tax return is to be filed but already from the end of the taxation period provided it is evident at the moment the obligation to file a tax return arises.
29.12.2008
News

Negotiated amendments

Amendment to the Income Tax Act; Chamber of Deputies postpones approval of partial harmonization amendment to the VAT Act and Excise Tax Act; Amendment to the Foreign Currency Act
29.12.2008
News

International Tax Relations

For the taxation period commencing 1 January 2008,&nbsp; a newly concluded double-tax treaty between the Czech Republic and the Hashemite Kingdom of Jordan, which also prevents tax evasion in the area of income taxes, became effective.
18.12.2008
News

Agreement on changes to the regulation of telecommunications

The meeting of the Council of EU Telecoms Ministers in Brussels on 27 November 2008 brought significant changes toward creation of a “Single EU Telecoms Market”. Telecommunications ministers from 27 EU member states arrived at a preliminary agreement to review the regulatory framework for electronic communication networks and services.
18.12.2008
News

Reduction of administrative burden of companies by way of limiting publication of mandatory data

The European Parliament considered a draft directive on 19 November 2008 that amends existing obligations of companies with regard to mandatory publication of certain data (Draft Directive of the European Parliament and Council amending Directives of the Council Nos. 68/151/EHS and 89/666/EHS as concerns obligations of certain forms of companies in the field of publication and translations).
18.12.2008
News

Uniform rules for airport charges

A new legal regulation is in progress that will affect the system of collecting airport charges. Its aim is to prevent individual airports from abusing a dominant position. Non-transparent or overestimated airport charges should be removed through the consultation mechanism between airports and their users, together with the rules for resolution of mutual disputes.
18.12.2008
No items found.

Modernization of the legal framework of aviation transport

The target of the most recent legislation efforts by the European Commission is to ensure a more effective functioning of the internal aviation market, to increase the safety of aviation services and to improve protection of passengers that include, inter alia, the terms of fares and rates. In addition to simplification of existing regulations, it was necessary to resolve the needs of the efficient and uniform application of such regulations, which is a prerequisite for creation of equal conditions for all aviation companies in the EU.
18.12.2008
News

Assessment of legal regulation on merger control

The European Commission commenced a public consultation concerning the functioning of Regulation No. 139/2004 on the control of concentrations between undertakings. The purpose thereof is to assess application rules after four years of existing practical application, i.e. setting of the threshold value and criteria as well as mechanisms of transfer of powers concerning assessment of the connection between the Commission and national antimonopoly authorities.
18.12.2008
News

Reduction of prices of roaming data services and SMS

On 23 September 2008, the European Commission published a proposal for a regulation introducing lower prices for roaming data services and SMS. The document also takes into account the reduction of voice services. The Commission seeks to improve transparency of Internet usage and downloading of data from mobile phones during travels abroad.
18.12.2008
Publications

Getting the Deal Through – Electricity Regulation 2009

Václav Rovenský and Ján Béreš became the first contributors for the Czech Republic in the publication Electricity Regulation 2009 for the series Getting the Deal Through, published by London-based company Law Business Research Limited. The publication contains an overview of information on legal regulation in the electrical energy sector of 34 countries. The chapter concerning Czech law can be downloaded here
18.12.2008
News

Approval of the climate-energy package expected by the end of year

France exerts significant efforts to bring all 27 EU member states to reach an agreement on reduction of greenhouse gas emissions, energy consumption and use of alternative sources by the end of this year, as it has set this task as one of the priorities of its chairmanship. Non-standard procedures should also assist to push through one of the most costly projects – the so-called informal “trialogues” between European Parliament, Council and Commission, by which Parliament waives a part of its powers in favour of such compromise or for intensive separate negotiations by the French president with individual EU member states.
18.12.2008
News

Impact of tax duty depending on possibility to infringe competition

Resolution of the European Court of Justice (ECJ) dated 16 September 2008 in matter C‑288/07 Commissioners of Her Majesty’s Revenue & Customs vs. Isle of Wight Council, Mid-Suffolk District Council, South Tyneside Metropolitan Borough Council, West Berkshire District Council. Interpretation of the Sixth Directive on VAT – Article 4, para 5 – Activities performed by a public-law entity – Operation of paid car parks – Infringement competition – Meaning of the expressions “if it led” and “significant”.
17.12.2008
News
Pro bono

KSB joins Pro Bono Declaration

Law firm Kocián Šolc Balaštík joined the Pro Bono Declaration within the framework of the Pro Bono Centre that aims to support the development of pro bono legal services provided by Czech attorneys.
9.12.2008
News

Proposal for amendment of Tax Administration and Collection Act and new Tax Rules

An amendment to the Tax Administration and Collection Act is now at the Chamber of Deputies awaiting a third reading. The proposed amendment amends the rules for imposing sanctions for infringement of confidentiality obligations and introduces a suspensory effect should additional payment assessment be issued after completion of a tax inspection.
9.12.2008
News

New form for VAT returns

From 1 January 2009, a new form shall be valid (No. 25 5401 MFin 5401, sample No. 15) for value added tax returns. The new form, in comparison with the existing four-page form, only has two pages. Services rendered outside the Czech Republic shall newly be monitored and reported separately. Besides renumbering individual lines in the tax return, the form includes new lines in connection with the most recent amendments to the VAT Act. The form is to be first used for the taxation period of January 2009 or first quarter of 2009.
9.12.2008
News

Prepared Draft Acts

The House of Representatives (Lower House) approved an amendment to the Road Tax Act. The amended provisions should result in reduction of road tax rates for vehicles over 12 tons used as new for businesses that are more environmentally friendly. The lower rate should apply for 36 months following the first registration.
9.12.2008
News

Controversial resolution of the Supreme Court

The Supreme Court, in its resolution No. 22/2007, addressed the differences between the loan agreement regulated by the Civil Code and the credit agreement pursuant to the Commercial Code. Pursuant to the Supreme Court, the difference is, inter alia, based on the subject of the agreement.
9.12.2008
News

International Tax Relations

For the taxation period commencing 1 January 2008,&nbsp; a newly concluded double-tax treaty between the Czech Republic and the Hashemite Kingdom of Jordan, which also prevents tax evasion in the area of income taxes, became effective.
9.12.2008
News

Amendment to the Act on Accounting

On 19 August 2008, Act No. 304/2008, Coll. was published in the Collection of Laws, which amends the Act on Accounting. This amendment will become effective from 1 January 2010, and only selected provisions will become effective from already 1 January 2009.
9.12.2008
News

Amendments to Tax Laws

On 4 July 2008, the amendment to the Road Tax Act became effective, which introduces a new system that reduces road tax rates for more environmental friendly cars from 2009.
9.12.2008
No items found.

Amendment to VAT Act and Excise Tax Act

The Chamber of Deputies had a first reading of the governmental proposal to amend the VAT Act and the Excise Tax Act, which has been proposed to take effect from 1 December 2008.
9.12.2008
News

Notification of Finance Ministry on Standard Classification of Production to allocate services for application of reduced VAT rate as of 1 January 2008

The Czech Statistical Office superseded the Standard Classification of Production by Production Classification (CZ – CPA) with effect from 1 January 2008. The Finance Ministry announced that for the purposes of the VAT Act, the Standard Classification of Production valid from 1 January 2003 shall continue to be applied. This classification shall be further binding for allocation of services after 1 January 2009.
9.12.2008
News

VAT round-off

In connection with the cancellation of fifty-heller coins, the validity of which was terminated as of 31 August 2008, the Czech Tax Administration published information concerning the rounding off of taxes in respect of VAT.
4.12.2008
Publications

VAT News - Horses Follow Housing. TURF Magazine, September/2008

Václav Pátek, a tax expert at law firm Kocián Šolc Balaštík, prepared a contribution for the Bulletin of the Czech Union of Full-Blooded Horses and Owners of Race Horses, Český chov, which is a part of TURF Magazine. The contribution focused on a change of VAT rates for the sale of race horses resulting from the amendment to the VAT Act effective from 1 January 2009. To apply the lower VAT rate on the sale of race horses for 2009, VAT prepayment should be made before the end of the year, similar to housing for 2007. The whole article can be downloaded here (in Czech only)
20.11.2008
Publications

Czech Republic Takeover Guide

Dagmar Dubecká and Vlastimil Pihera prepared an information document for the International Bar Association addressing the legal regulation concerning takeover bids in the Czech Republic. The document summarizes the basic principles of the new legal regulation of takeover bids in the Czech Republic, a new construction of the bid obligation, types of actions on the grounds of a takeover bid or an unfulfilled bid obligation and the method of performance of supervision over takeover bids by the Czech National Bank. The published text contains information applicable as of the editorial closing date, i.e. April 2008. The contribution can be downloaded here
20.11.2008
Publications

Concerning preclusion in tax law. Daňový expert, No. 5/2008

Václav Pátek published an article concerning preclusion in tax law following the resolution by the extended panel of judges of the Supreme Administrative Court in the professional tax magazine Daňový expert.
14.11.2008
News

KSB announced as Leading Law Firm in Corporate Law

Law firm Kocián Šolc Balaštík has been awarded the title of the Czech Republic’s leading law firm in the field of corporate law in the first year of the survey Leading Law Firm of the Year 2008.
6.11.2008
News
Pro bono

Charity Concert of Good Will

Kocián Šolc Balaštík is organising the fourteenth annual Charity Concert of Good Will – Olga Havel Foundation. The concert is to be held in the Church of St. Simon and St. Jude, Old Town, Prague on Sunday 23 November 2008 at 7:00 pm.
6.11.2008
News

New Anti-Money Laundering and Anti-Terrorist Financing Legislation

The Act on Some Measures against Money Laundering and Terrorist Financing (effective since 1 September 2008) responds to a number of EU legislative requirements, primarily to Directive No. 2005/60 EC on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing (the so-called 3.AML Directive).
6.11.2008
News

Amendment to Act on Greenhouse Gas Emission Allowance Trading

The amendment (effective since 1 September 2008) responds primarily to the objections raised by the European Commission and abolishes the allowance guarantees for new facility operators or other operators whose facilities changed in terms of use, manner of operation or capacity as a result of major investment.
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.
29.10.2008
News

20th Annual Conference of the European Air Law Association in Prague

One of the lecturers at the 20th annual conference of the European Air Law Association, which takes place on 7 November 2008&nbsp;in Prague, is Jiří Horník, an attorney specializing in aviation law at law firm Kocián Šolc Balaštík.
23.10.2008
News

Client Seminar – Personal Data Protection II

Law firm Kocián Šolc Balaštík is preparing the second part of an ongoing seminar in the field of personal data protection. The seminar will focus on specific topics in this area, such as the transmission of personal data to foreign countries, the processing of personal data of employees (including the monitoring of employees and their electronic communications), CCTV, the sending of marketing communications and other related practical questions.
17.10.2008
News
Competition

Supreme Administrative Court confirms no bakers’ cartel

Delta Pekárny and Odkolek, both represented by Kocián Šolc Balaštík, won lawsuits against the Anti-Monopoly Office before the Regional Court in Brno and subsequently the Supreme Administrative Court, involving an alleged cartel agreement in the bakery market.
17.10.2008
News

KSB Scores High in Sports, Too

Kocián Šolc Balaštík (KSB) scored high by finishing second in a number of traditional autumn sport events and contests of attorneys, junior lawyers and back office staff.
9.10.2008
News
Pro bono

KSB receives VIA Bona Award for Corporate Philanthropy

For this year’s VIA Bona Awards given out by the VIA Foundation, law firm Kocián Šolc Balaštík (KSB) received the Award For Long-Term Partnership for its long-term support of the Good Will Committee – Olga Havlová’s Foundation (GWC) through Advent charity concerts.
30.9.2008
News

KSB provides legal services to Chapman University

Law firm Kocián Šolc Balaštík provided consultancy to Chapman University of Orange County, California in the establishment of a branch in the Czech Republic. The branch will provide the MBA program in the Czech Republic.
9.9.2008
News
M&A
Energy

KŠB provides complete legal and tax consultancy in merger of companies from Kladno Energy Businesses group

Within the framework of long-term consultancy services, the law firm Kocián Šolc Balaštík assisted the Kladno energy groups of Energy Businesses from Swiss corporate group ATEL during the restructuring of this group.
9.9.2008
Publications

Would you like to have a registered seat in Cyprus? Euro, No. 37/2008

Vlastimil Pihera published an article on free movement of companies in Euro. The article refers to the European Court of Justice’s expected resolution in the Cartesio case and the new possibility for companies to move their registered offices within the European Union as a result of the resolution. To download the article click here
5.9.2008
Publications

Professor Dědič comments on new Transformation Act in Legal Information Bulletin No. 7/2008

Professor Jan Dědič, a partner of the law firm Kocián Šolc Balaštík, published two extensive contributions in the Legal Information Bulletin, a professional monthly for legal practice, on the new act of transformations of commercial companies and cooperatives, which became effective on 1 July 2008.
27.8.2008
News
M&A

KSB represents Michel Thierry Group during acquisition of FEZKO

Law firm Kocián Šolc Balaštík (KSB) provided legal advisory to the Michel Thierry Group, a leader in the production of textiles and leather for the car industry, during its acquisition of majority shares in FEZKO, a.s. and FEZKO SERVIS, a.s.
22.8.2008
News
M&A

Sale of Biofaktory

Law firm Kocián Šolc Balaštík has been engaged by the participants of Biofaktory Praha s.r.o., a Czech and Slovak leader in production of animal feed, fodder additives, veterinary medications, health supplements and pet products, to provide comprehensive advisory services on the sale of the Biofaktory Group to international holding company Nutreco, with its registered office in the Netherlands.
15.8.2008
News

Welcome changes in operation of small trades

Since 1 July 2008, on the basis of Act No. 130/2008, Coll., amending the Trade Licensing Act, requirements for commencement of business activities and reduction of the overall administrative burden for tradesmen are significantly simplified.
15.8.2008
News

Capital markets - transposition of the MiFID Directive

Act No. 230/2008, Coll., a very important amendment to the Act on the Capital Market Business (“Capital Market Business Act”) was published and transposes Directive 2004/39 on financial tools markets known under the abbreviation MiFID as well as other European regulations into Czech law. The aim of the regulation is to enhance the transparency of financial markets, improve protection of investors and strengthen the competitive environment. The amendment took effect on 1 July 2008. New implementation regulations were issued on the same date.
15.8.2008
News

New regulation on mergers and other transformations of commercial companies and cooperatives

Act No. 125/2008, Coll., on Transformations of Commercial Companies and Cooperatives, taking &nbsp;effect 1 July 2008, supersedes the existing regulation of intra-state transformations in the Commercial Code and newly regulates certain transformations with foreign elements, i.e. cross border mergers and transfer of assets to a foreign participant.
15.8.2008
News

Road tax and new system of reduced rates

Regulation of the road tax has been significantly changed. Act No. 16/1993, Coll., on the Road Tax, as amended, brings extension of the existing exemption from the tax for cars using further kinds of alternative fuels. It further introduces a newly drafted system of reduced rates.
15.8.2008
News

Electronic collection of debts

From the beginning of July, creditors receive a more comfortable and perhaps faster possibility on how to collect their monetary receivables. Act No. 123/2008, Coll., introduces an electronic payment order into the Code of Civil Procedure.
12.8.2008
News

Spin-off of ASIANA with establishment of new company and merger

Law firm Kocián Šolc Balaštík provided legal consultancy to ASIANA, spol. s&nbsp;r.o., one of the largest travel agencies with IATA accreditation in the Czech Republic, during its complete restructuring.
5.8.2008
News

New framework regulation of waste

On 17 June 2008, the European Parliament approved a new directive on waste to supersede the current obsolete norm from 1975. The modernized approach to waste management should lead in particular to reduction of waste production.
5.8.2008
News

Return of unjustly collected tax

Resolution of the European Court of Justice (ECJ) No. C‑309/06, Marks & Spencer plc of 10 April 2008. The ECJ gave a ruling in response to an application for a resolution on a preliminary issue that was filed within the context of a dispute between Marks & Spencer plc and the Commissioners of Customs & Excise wherein Marks & Spencer applied for return of value added tax unjustly collected by the Commissioner. The ECJ’s resolution interprets Article 28, paragraph 2 of the Sixth Directive (Directive of the Council No. 77/388/EHS on harmonization of legal regulations of EU member states concerning turnover tax).
5.8.2008
News

Partial progress in liberalization of gas market

In the July session, the European Parliament adopted a package of legislative measures for the gas market at first reading, the objective of which is to deregulate the market, increase its competitiveness and ensure consumer rights. The deputies supported two scenarios from which EU member states can choose: either full ownership separation of suppliers from gas networks or the so-called ITO model – the preservation of network ownership by suppliers with simultaneous introduction of “independent operators of transportation systems”.
5.8.2008
News

Environmental protection

In May 2008, the long-term process of preparing and putting through legal regulations to punish serious offences against the environment as criminal activities was completed. The European Parliament has approved a draft directive with minor changes pursuant to which infringement of communitarian regulations or Euratom regulations listed in annexes shall be deemed illegal conduct, as well as infringement national acts, administrative regulations or administrative decisions implemented by the regulations stated in the annexes.
5.8.2008
News

Conflict-of-law rules for contractual obligations in the EU

European Parliament and Council Regulation No. 593/2008 (Official Bulletin No. L 177) on the law applicable to contractual obligations (Rome I), starts from the original Convention on the Law Applicable to Contractual Obligations that has been adopted in 1980 but not yet a part of the European Law. The Regulation implements certain changes to the original Convention in the direction of modernization and specification thereof.
5.8.2008
News

Possibility of settlement in case of cartels

Commission Regulation No. 622/2008 dated&nbsp;30&nbsp;June 2008 / (Official Bulletin No. L 171), which amends Regulation No. 773/2004 relating to the conduct of proceedings by the Commission pursuant to Articles 81 and 82 of the EC Treaty, introduces a procedure for settlement applicable should parties be prepared to admit their participation in a cartel and accept liability.
5.8.2008
News

Liberalization of postal services

The European Parliament approved opening of the postal services market pursuant to Directive No. 2008/6, published in Official Bulletin L 52 on&nbsp;20 February 2008. The exclusive right of national post offices to deliver postal consignments of up to 50 grams ceases to exist in most EU countries as of 31 December 2010, but the Czech Republic and other new members may postpone this change until 2013. Simultaneously, they may be refused the right to enter the already liberalized markets.
1.8.2008
News

Kocián Šolc Balaštík launches new website design

Law firm Kocián Šolc Balaštík (KSB) has recently launched a new website at www.ksb.cz and www.ksb.eu. The redesigned website matches in its scale and technology those of leading international law firms.
1.8.2008
News

Kocián Šolc Balaštík named Czech Republic’s Law Firm of Year for third time

Kocián Šolc Balaštík was named for the third consecutive year the Czech Republic’s Law Firm of the Year in the international Who’s Who Legal Awards.
1.8.2008
News

Award by Constitutional Court

The Collection of Acts No. 166/2008 includes an award by the Constitutional Court dated 23 April 2008 cancelling the provisions of the Employee Health Insurance Act that award sickness allowance to employees after the fourth day of sickness, effective as of 30 June 2008. The sickness allowance should be newly paid out beginning the first day of the sickness.
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