American Chamber of Commerce
in the Czech Republic
29.05.2012, 09:00 - 29.05.2012, 11:00
AmCham Offices, Dušní 10, Prague 1 Show on map
AmCham members are invited to an interactive workshop on corporations management under the new Act on Corporations and Civil Code. The workshop will be lead by doc. Bohumil Havel, the author of the new Act on Corporations and member of the team behind the new Civil Code. Contents of the workshop: Rules on management of entrusted assets. Duties of a trustee (fiduciary duties, selfdealing, information duty) Business judgement rule. Reward strategy. Compensation of damage caused by a breach of fiduciary duties. Duty to repay provided remuneration and wrongful trading. AmCham Civil Code Series is an AmCham project focused on new Civil Code that will become effective as of January 1, 2014. The new Civil Code will replace its predecessor drafted in the 60s of the 20th century and bring substantial changes to the lives of individuals and businesess. The aim of the project is to increase awareness of the Civil Code content and help AmCham members to become more familiar with new measures and their consequences. The aim of the new Civil Code is to unify a rather fragmented civil law (new law will replace current Civil Code, part of the Commercial Code, part of the Labor Code) and make it more user-friendly. Major changes are expected in legal terminology; new legal instruments will be introduced; the freedom of contract is stressed. The adoption of a new Civil Code means new amendments to a wide range of acts, including Labor Code or tax acts. The brand new Act on Corporations should replace the current regulation of companies / corporations under the Czech Commercial Code and better define the process of their establishment and operations. Register via our website.