1. 12. 2009 Commercial Code Amendment
The amendment affects two important parts of Czech commercial law: assessment of non-financial deposits, when increasing the basical deposit, and allowance of so called financial assistance.
1. 12. 2009 New Act on system of payments, in effect from November 1st, 2009
Besides already regulated subjects with banking or exchange license, the new Act introduces regulation to all the other subjects providing payment services. Among the subjects are for example subjects providing so called mobile payments for services provided by different persons than the provider (for example cinema tickets, public transport fare...).
1. 11.2009 Execution Code Amendment
On November 1st 2009 comes to effect Act no. 281/2009 Coll., which amends the Execution Code. According to the new § 35, par. 2 of the Execution Code, the execution process is initiated by a proposal of initiation of execution directly to the executor. Previously, the proposal of initiation of execution had to be agreed by court.
1. 11. 2009 new Criminal Code
On January 1st 2009 comes to effect Act no. 40/2009 Coll., Criminal Code, which substitutes the old criminal code. New Criminal Code sets up an entirely new understanding of the term crime. While the former understanding was based on the formal – material principle, the new Criminal Code is based on only the formal understanding.
Senate debates Trade Act Amendment
The intent of the Trade Act Amendment is to simplify running business upon a trade license mainly for beginning businessmen. As to the supposed Amendment, people who are about to run their business won’t soon need different trade licenses for each of their notifiable trades, but a single trade license for all notifiable trades will be sufficient. The Amendment also repeals those provisions of Trade Act, which constituted local jurisdictions of trade license offices. Such a change gives businessmen opportunity to choose a trade license office before which they want to act. Dissolving of duty to prove at least 3-year experience in certain branches of trade is another Amendment’s aim. All mentioned changes should speed the procedure and make it largely easier.
