The war in Ukraine and the growing geopolitical tensions took companies in the Czech Republic and Europe by surprise, similarly to the Covid-19 pandemic a few years ago. However, the experience of the pandemic helped companies to better face the impacts of geopolitics on the supply chain. More...
Overdue debt is a complication in business that comes with a number of factual and legal consequences. If the creditor does not start enforcing its claim in time, it runs the risk of running up against the statute of limitations and of losing in potential litigation.
Since the adoption of the Value Added Tax Act, we have become accustomed to a situation where failure to comply with the obligations related to the issuance of invoices is not considered an especially serious breach of the law. But it seems the time is coming when the judgments of the Court of...
In our practice, we often encounter various forms of cross-border employment, which entail a number of obligations on the part of the employer both in the Czech Republic and abroad. The purpose of this article is to briefly highlight these obligations so that the employer can make an informed...
With effect from 1 February 2023, an employer may apply a discount on social security premiums (a "discount") for a calendar month for a specified group of employees, provided that the statutory conditions are met.
Optimising your compliance efforts and reporting to gain a competitive edgeIn a world overflowing with cyber threats, customers and partners want to be assured that their service providers are on top of the latest cyber security and privacy related risks. That’s why it’s critical for these...
Third party attestation (TPA) involves certifying the processes of outsourced service providers to ensure the proper procedures are being followed. As organizations deal with a rapidly evolving set of risks and challenges—and increasingly outsource non-core activities—TPA has become an...
Czech industry is experiencing an unprecedented situation with electricity prices. As a result of the enormous increase in the price of electricity, governments within the EU have adopted measures setting a maximum price for electricity for companies. In the process of creating the measures...