Business Bulletin No. 1/2018

We would like to use this year’s first issue of Business Bulletin primarily to inform you about the amendment to the Act on Public Registers, which introduces the obligation to record data on the actual owners of legal entities as of 1 January 2018. The second piece of legislation which we inform you about is the amendment to the Civil Code, which reintroduces the pre-emptive right to real estate upon the transfer of a co-ownership share. As for the decision-making practice of courts, we have selected two rulings: the first deals with the question of attributing the knowledge of the company regarding certain facts, which are both known by the director and at the same time the authorized representative/signatory of such a company; the second concerns the transfer of obligations under labor law in the case of cleaning services. To conclude the issue, we share some practical advice: taxpayer declarations may now be submitted electronically.

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