The proposed act that relates to UK nationals living in the Czech Republic has been approved by the government and sent to the parliament. The government will require that the deputies approve the act in a fast-track procedure during a single reading.
The Constitutional Court cancelled certain provisions of the Act on the Residence of Foreign Nationals and the Act on Asylum. Following the proposal of a group of 18 senators, the ruling of the Constitutional Court of 27 November 2018, file no. Pl. ÚS 41/17, cancelled certain provisions of the Act on the Residence of Foreign Nationals and the Act on Asylum that were changed by Amendment Act No. 222/2017 Coll.
The amendment to the Act on the Residence of Foreign Nationals has been under discussion since June 2018. We have previously informed you about the amendment to the Act on the Residence of Foreign Nationals submitted by the government and the essential changes proposed by the amendment.
The past few years were nearly the “Golden Age” for company owners contemplating the sale of their businesses. The economy as well as enterprises have experienced a boom; interest rates continue to be low, with the indication of their increase in the near future motivating investors even more strongly to purchase shares in prosperous companies right now. As a result, potential investors are throwing money at such businesses.
Legal regulations may sometimes be scary. They a priori provoke aversion, generating enormous compliance costs. Rules are often duplicate or even contradictory. Public regulation is beyond control in certain areas, with the available capacity of companies or the current technology being unable to ensure full compliance with all norms. Regulations are often inadequate to the risks against which they should protect, disregarding those of greater significance.
"As a store of value, cryptocurrencies are not a suitable commodity or suitable institutes. The initially expected payment function proved to be ineffective," says Radek Musílek, an Attorney-at-Law at Deloitte Legal and a member of the Banking & Finance team. Read more about the actual situation regarding the legal regulation of blockchain and the latest trends in finance in interview for online magazine epravo.cz.
What is the future of EU waste, chemical and product legislation? The European Commission is seeking an answer to this question, with an opportunity for virtually anybody to share their view.
We have been recently often encountering the term smart contracts, especially with reference to the quickly developing blockchain technology. In general, smart contracts refer to a technological solution with the objective of independently ensuring the performance of a contractual obligation via a specific technological tool (esp. software).
The use of blockchain outside of the area of cryptocurrency is being considered more and more often, there is potential for its use for example in contractual obligations. Blockchain can make repeated performance of a large number of items, typically in supply chains, more transparent, secure and thanks to the automation of complex processes even cheaper to operate as a result.
