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Merger no longer needs tax office consent

CMS Cameron McKenna
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Czech Republic
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April 29 2011

A legal entity that is to be dissolved on merger does not need the consent of the tax administrator with whom it is registered when applying to be deleted from the Commercial Register

VAT change can make recipient liable

CMS Cameron McKenna
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Czech Republic
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April 5 2011

From 1 April 2011, liability for paying VAT will pass to the recipient of VAT-able supplies of goods or services in certain circumstances

Restricted anonymity for bearer shares

CMS Cameron McKenna
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Czech Republic
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January 4 2012

Bearer shares in joint stock companies will either have to be registered with a central depository or physically deposited with banks, under proposals announced by the Ministry of Justice

Czech Telecommunication Office presented its goals for 2012

CMS Cameron McKenna
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Czech Republic
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January 25 2012

On 18 January 2012 the Czech Telecommunication Office (CTO) announced its goals for 2012 previously approved by its Council

What to expect from the Amendment to the Act on Electronic Communications?

CMS Cameron McKenna
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Czech Republic, European Union
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January 11 2012

In a second voting the Chamber of Deputies approved the Amendment to the Act No. 1272005 Coll., on Electronic Communications which aims to bring Czech law in line with European directives

Stop to bullying insolvency petitions

CMS Cameron McKenna
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Czech Republic
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February 8 2012

In the last week of January, the Czech Government passed an amendment to the Insolvency Act, which was prepared by the Ministry of Justice

The duties of a statutory body in the event of negative equity

CMS Cameron McKenna
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Czech Republic
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July 23 2012

If a joint stock or a limited liability company’s accounting period matches the calendar year, the company is obliged to approve its ordinary financial statements by 30 June 2012

Czech Republic: deadline for approval of financial statement

CMS Cameron McKenna
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Czech Republic
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June 22 2012

Pursuant to Section 128 (1) and Section 184a (1) of the Act No. 5131991 Coll., the Commercial Code, as amended, the general meeting of a limited liability company or a joint stock company approving ordinary financial statements must be held no later than six months following the last day of the accounting period (unless the Foundation DeedMemorandum of Association or the Articles of Association of the company require a shorter period

New market for small and mediumsized companies

CMS Cameron McKenna
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Czech Republic
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June 25 2012

As of 1 June 2012 the Prague Stock Exchange has created a special market segment START

CMS TMT legal update Spring 2012

CMS Cameron McKenna
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Czech Republic
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May 15 2012

On 20 March 2012, the Czech Telecommunication Office (CTO) announced that there will be a public consultation on the tender conditions for the 800, 1800 and 2600 MHz band mobile frequencies

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