Czech Republic

The Czech Republic is a landlocked European country bordered by Germany, Austria, Poland, and Slovakia. The country has a total of approximately 10.6 million residents, living in the unitary parliamentary republic. Prague is both the capital and largest city, with nearly 1.5 million residents living in the city. The Czech Republic is a member of the EU, NATO, OSCE, and Council of Europe. The developed country is considered a social market economy, which is based in the services industry, innovation, and in manufacturing. Tuition-free education and universal healthcare are also provided to the residents of the Czech Republic.

The Czech Republic was originally formed in the 9th century under the name of  Duchy of Bohemia, by the Great Moravian Empire.  Following the collapse of the Austro-Hungarian Empire after World War I, the Czech lands became an industrial monarchy/powerhouse, and in 1918, the core of Czechoslovakia was formed. On Jan. 1, 1993, Czechoslovakia peacefully dissolved, and constituent states became known as Czech Republic and Slovakia.

The country has a pluralist multi-party democracy with the President serving as head of state and the Prime Minister as head of government. The President also appoints the President and Vice President of the Supreme Court; as well as the Prime Minister and cabinet members. Milos Zeman is the current President, and Andrej Babis is the current Prime Minister. The country is a unitary state which follows a civil law system, based on the Germanic legal culture.

The economy is a highly-developed, high-income, export oriented social market economy. Services, manufacturing, innovation, are among the leading sectors in economic-development. The Czech Republic is a member of the European Union economy but uses its own currency; in 2018, the country’s 2.4% unemployment rate was the lowest in the EU, and poverty rate is second lowest according to the OECD, only behind Denmark. Germany is the largest import and export trading partner, and the country has completely open border policies, for import/export trade with other countries in Europe and around the world.

Czech Republic Judicial System

The Constitution of the Czech Republic outlines the role of the judiciary in Chapter Four; stating that the main job of the courts of law is the protection of rights as defined by legislation.  Chapter Four also gives the courts the responsibility to determine guilt and the penalty for criminal cases.  Courts are independent, but administered by the Ministry of Justice. The Czech Republic has a four-tier system of courts, and two-instance proceedings. 

Visitors to the National Law Review can read about the latest developments in the Czech Republic in relations to trade, administrative news, and international affairs. Dealings within the EU, Fintech opportunities, data security and privacy, investment opportunities, M&A deals, insolvency laws, and new legislation in the country, are among the stories covered by the National Law Review. Visitors can find the latest news and stories about the country, and its international affairs with the EU, the US, and around the world.

Custom text Title Organization
Feb
15
2024
CFIUS Filing Pending: Czechoslovak Group a.s. and Sporting Products Business of Vista Outdoor Inc. Squire Patton Boggs (US) LLP
Jan
18
2024
Czech Republic’s New Act on Preventive Restructuring: Game-Changer in Creditor-Debtor Relationships Squire Patton Boggs (US) LLP
May
22
2023
EU Approves State Aid to Bolster Czech Sustainability Scheme Cadwalader, Wickersham & Taft LLP
May
19
2023
Competition and Employment – a Marriage that does not Allow for a Prenup … Squire Patton Boggs (US) LLP
Jan
26
2023
2023 – A Year of Change for Czech Employers Squire Patton Boggs (US) LLP
Sep
13
2022
Protection of Whistleblowers in Czech Republic Squire Patton Boggs (US) LLP
Jul
18
2022
Commission Approves State Aid For IPCEI In Hydrogen K&L Gates
Jul
12
2022
Privacy Report ArentFox Schiff LLP
Dec
22
2021
Important Reminder for M&A transactions (including Internal Corporate Restructurings!) from 4 January 2022, when the UK’s National Security and Investment Act enters into force Squire Patton Boggs (US) LLP
Jun
8
2021
Global Employment Law Update - Part 2: Colombia to El Salvador McDermott Will & Emery
Jun
3
2021
What impact will the new Czech Construction Act have? Squire Patton Boggs (US) LLP
Nov
23
2020
Construction law reform in the Czech Republic? Squire Patton Boggs (US) LLP
Jul
15
2020
U.S. Embassies and Consulates in the Schengen Area Expand the National Interest Exemption Beginning on July 15 Greenberg Traurig, LLP
Jul
6
2020
The European Union Reopens its Borders, but Bars Travelers from the United States Foley & Lardner LLP
Jun
3
2020
Does Digital Service Tax Matter To You? New Section 301 Investigation – Comment Period Now Open Squire Patton Boggs (US) LLP
May
25
2020
Covid-19 Prevention at the Workplace: Is Temperature Measuring Permissible? Squire Patton Boggs (US) LLP
Mar
25
2020
COVID-19: Your Employment-related Questions Answered – Czech Republic Squire Patton Boggs (US) LLP
Feb
12
2020
Statutory Default Interest Rate Rise in the Czech Republic Squire Patton Boggs (US) LLP
Jan
20
2020
New Whistleblower Protection in the EU – Time to Reshape The Compliance Programmes of Czech Companies Squire Patton Boggs (US) LLP
Jan
2
2020
A Christmas Gift From The Czech Government – Will The New Czech Building Act Speed Up The Construction Permitting Process And Help Boost Residential Construction? Squire Patton Boggs (US) LLP
Nov
26
2019
The Rise Of Digital Services Taxes McDermott Will & Emery
Nov
22
2019
New era for the Czech Republic’s eGovernment services – BankID is on the horizon Squire Patton Boggs (US) LLP
Sep
27
2019
Important Changes in Czech Corporate Law Introduced by the Proposed Amendment to the Czech Business Corporations Act Squire Patton Boggs (US) LLP
Aug
7
2019
Another Step Forward Towards the Collective Redress Mechanism in the Czech Republic Squire Patton Boggs (US) LLP
Jun
11
2019
Digital Constitution passes the first round in the Chamber of Deputies of the Czech Republic Squire Patton Boggs (US) LLP
May
23
2019
Employees Go Voting in CEE – What You Need to Know as HR Professional Squire Patton Boggs (US) LLP
May
2
2019
The Czech Republic: GDPR Adaptation Legislation Becomes Effective Squire Patton Boggs (US) LLP
May
1
2019
Brexit Insight From the EU-27: Czech Republic Squire Patton Boggs (US) LLP
Mar
19
2019
Is It Safe? Squire Patton Boggs (US) LLP
Jan
21
2019
Registration of a lease in CEE – should it be on your checklist or not? Squire Patton Boggs (US) LLP
Nov
20
2018
Five Weeks’ Vacation for Everybody?! (CZ) Squire Patton Boggs (US) LLP
Nov
19
2018
High Court in Prague sheds some light over the definition of a significant part of an enterprise Squire Patton Boggs (US) LLP
Jul
16
2018
Post GDPR Rise in Data-Related Complaints and Data Breach Notifications Squire Patton Boggs (US) LLP
Jun
11
2018
The Tale of Standardization: The Use of LMA Standard Forms in CEE Squire Patton Boggs (US) LLP
Jan
12
2018
New Opportunities for Fintech in the Czech Republic Squire Patton Boggs (US) LLP
Jan
11
2018
Czech Lobbying Act Squire Patton Boggs (US) LLP
Oct
6
2017
Recent Czech Supreme Court Decision Threatens Effective Enforcement of Foreign Arbitral Awards Squire Patton Boggs (US) LLP
Jul
17
2017
Pre-contractual Liability in Czech M&A Deals Squire Patton Boggs (US) LLP
Jul
13
2017
Czech Republic Introduces New Solvency Test Squire Patton Boggs (US) LLP
Apr
12
2017
“Right for Payment Account” as Instrument to Strengthen Consumers’ Protection Squire Patton Boggs (US) LLP
Mar
9
2017
Czech Republic – Insolvency Law Changes from 1 July 2017 Squire Patton Boggs (US) LLP
Feb
20
2017
Investment environment in the Czech Republic 2017 Squire Patton Boggs (US) LLP
Feb
1
2017
International Labor: Obligation to Re-Employ Following Invalid Termination of Employment Squire Patton Boggs (US) LLP
Jan
11
2017
New Obligations for Large Companies in the Czech Republic Squire Patton Boggs (US) LLP
Oct
13
2016
OKD a.s Insolvency Proceedings: New World Resources’ International Investors appeal to Czech Court Squire Patton Boggs (US) LLP
Dec
15
2014
European Securities and Markets Authority (ESMA) Reviews Supervisory Practices on MiFID Investor Information Katten
Jun
30
2014
Trademark Rights around the World: It May Be BUDWEISER® in the US, But Not Everywhere Mintz
 

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