The amendment to the act on investment companies and funds

On January 1, 2015, an amendment to Act No. 240/2013 Coll., on investment companies and funds (the “Investment Companies Act“) came into effect.  As a result, each investment fund may only have one manager and one administrator. Other persons may subsequently perform individual management and administration tasks so long as the administrative activities concerned are […]

The amendment to the trade act

On January 1, 2015, an amendment to Act no. 455/1991 Coll., on trade enterprises (the “Trade Act”) took effect.  The new wording of the Trade Act should relieve entrepreneurs of some of the administrative requirements they previously faced when making submissions to trade licence authorities. Under a significant change to Article 46 of the Trade […]

Clarifying the Formal Requirements for Powers of Attorney

In mid-January, the Czech Supreme Court published a decision which the professional community has known about since mid-December last year. In a move to harmonise decision-making, the Supreme Court unified the wavering opinions to date on the requirements for powers of attorney covering legal acts which themselves should take the form of a notarial deed. […]

Interim measures and compensation for damage arising from public procurement

The Office for the Protection of Competition has long debated the procedure in cases which are terminated based on a lack of merits where no interim measures have been granted. When it comes to granting interim relief, the Office’s decision-making reflects several legal considerations. First, a 10-day period is provided for decisions on applications for […]

The Chamber of Deputies approves Public Procurement Act amendment including Senate proposal

The Chamber of Deputies has approved an amendment to Act No. 137/2006 Coll., on public procurement (“APP”), including changes proposed by the Senate. The purpose of this latest amendment is essentially to simplify the award of public contracts by contracting authorities. The changes affect several fundamental issues, including increases to the limit for additional work, […]

Withdrawing from a framework contract

In its decision sp. No. 29 ICo 26/2012, the Supreme Court interpreted the significance of framework contracts and the consequences of withdrawing from these contracts for the individual contracts concluded under them. A framework contract “only” provides the rules for entering into particular contracts; thus, according to the Supreme Court decision, it does not create […]

Achour & Hájek keeps up the Job Fair Contact tradition

Achour & Hájek took part in the 15th year of the popular job opportunity fair Job Fair Contact 2015. Organised by ELSA Praha, this event for law students and new graduates is held at Charles University law school. Job Fair Contact is always a calendar highlight for students, especially those in higher years searching for […]

Latest amendment to the Public Procurement Act

A partial amendment to Act No. 137/2006 Coll., on public procurement has been approved by  President Miloš Zeman. Among other things, the changes include an increase on the limit on extra work that can be outsourced to an existing supplier from 20% to 30% of the original price in the public contract. In this context, […]