Articles & News
EXPLOR CAPITAL IN INSOLVENCY - ASSISTANCE TO BONDHOLDERS IN RECOVERY
Mar 28, 2023
On 24 March 2023, the deadline for the owners of ExploR Capital a.s. bonds to file their claims in the insolvency proceedings began to run. ExploR Capital a.s. has been declared b…
WHAT IT IS CONVERTIBLE LOAN AGREEMENT
Mar 28, 2023
A Convertible Loan Agreement allows a start-up to raise financing as a loan that can later convert into equity under agreed conditions. The investor does not have to become a shar…
Have you breached the non-compete clause as an executive director or a member of a limited liability company?
Mar 23, 2023
A managing director’s non-compete duty can be expanded, narrowed or excluded in the company’s constitutional documents, while duties of care and conflict-of-interest rules still a…
IS IT POSSIBLE TO NEGOTIATE THE HANDOVER OF THE WORK IN THE CONTRACT BY MEANS OF A LEGAL FICTION?
Mar 15, 2023
A works contract may link handover to a contractual legal fiction, for example where the customer unjustifiably obstructs acceptance, but such a clause is not automatically valid…
BOND ISSUERS LIGHTGATE AND SHIF18 IN INSOLVENCY
Mar 7, 2023
If you own bonds of LightGate, a.s. or SHIF18 s.r.o., you should pay attention. Both companies are in insolvency proceedings.
HOUSING COOPERATIVES FOR DEVELOPERS
Mar 1, 2023
A housing cooperative can offer developers an alternative model for financing and selling housing by combining membership contributions with later annuity payments. Properly desig…
DRAFT LAW ON PREVENTIVE RESTRUCTURING - A CHANCE FOR ENTREPRENEURS NOT TO GO BANKRUPT
Feb 22, 2023
Preventive restructuring allows a viable business to address serious financial difficulties before insolvency while remaining in control of its operations. Czech law has provided…
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DO YOU REALLY HAVE GDPR SORTED OUT? DO YOU KNOW ALL THE NEW METHODOLOGIES?
Feb 17, 2023
GDPR compliance is not a one-off project, and companies must continually respond to new guidance, case law and technological change. Key practical risks include international data…
Cybersecurity affects everyone! And so does the new regulation!
Feb 14, 2023
The European NIS2 Directive (Directive 2022/2555) was adopted just before the end of 2022. New national legislation is already being worked on intensively. We can expect it to com…