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Negative pledge in the new Civil Code

JUDr. Jakub Dohnal, Ph.D., LL.M.
JUDr. Jakub Dohnal, Ph.D., LL.M.
Attorney|Czech Bar Association Reg. No. 14551
ARROWS law firm
Published:

Do you really want to effectively secure a claim in the new Civil Code? The new law introduces the so-called material prohibition of alienation (negative pledge). The parties can therefore agree that the debtor is not entitled to transfer the property to third parties or encumber it for a certain period of time. If this is entered in the public register (Land Registry), the Land Registry will not record any changes.

Books on legal advice for saving money, relevant to the negative pledge in the Civil Code.

About the author

JUDr. Jakub Dohnal, Ph.D., LL.M.
JUDr. Jakub Dohnal, Ph.D., LL.M.

Associate, managing partner

LinkedIn|Czech Bar Association Reg. No. 14551
Jakub Dohnal is an attorney-at-law and managing partner of ARROWS. He focuses on company sales, investor entries into private companies and real estate transactions — most often acting for the owner who is selling a business built over many years and needs the deal to close on the agreed terms.
dohnal@arws.cz245 007 742

Disclaimer:

The information contained in this article is for general informational purposes only and serves as a basic guide to the issue as of 2014. Although we strive for maximum accuracy, laws and their interpretation evolve over time. We are ARROWS Law Firm, a member of the Czech Bar Association (our supervisory authority), and for the maximum security of our clients, we are insured for professional liability with a limit of CZK 350,000,000. To verify the current wording of the regulations and their application to your specific situation, it is necessary to contact ARROWS Law Firm directly (consultation@arws.cz). We are not liable for any damages arising from the independent use of the information in this article without prior individual legal consultation.