Amendment to the Commercial Code 2018
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Amendment to the Commercial Code 2018
Kindly let us briefly inform you on changes introduced by the latest amendment to the Commercial Code.
Main themes of the Amendment include:
1. violation of trade secret: definition and procedural remedies
2. restrictions and additional obligations applicable to mergers
3. liability of controlling shareholders for bankruptcy of the company
4. company’s own resources: capital funds
5. other changes.
Most of these changes will come into force on 1 January 2018. Few exceptions became effective on the date of publishing the Amendment in the Collection of Laws, i.e. on 8 November 2017, or will become effective on 1 September 2018.
Updates on amendment to the Commercial Code are being prepared with the partnership law firm Bartošík Šváby.
