Crowe: Amendment to VAT Act in force as of 1 September 2020

A long awaited amendment to the VAT Act which brings the changes mostly with regard to supply of goods among EU Member States (the implementation of the so-called “quick fixes“), came into force as of 1 September 2020. Due to the direct application of EU VAT Directive, it has been possible to put into practice … Continued

Olga Kaizar is a new partner of Deloitte Legal

Attorney-at-law Olga Kaizar has become a new local partner of Deloitte Legal. In her new position, she will be expanding the use of new technologies in the legal aspects of real estate.  “We draw inspiration from other markets and technological areas of business. Our vision of real estate transactions and services is becoming increasingly linked … Continued

12th Project Management Conference

The British Chamber of Commerce is a partner of the 12th Project Management Conference When: 16t – 17th September 2020 Where: Cubex centrum Prague In our professional lives we often face conflicts of different kind. For instance, the never-ending fight of IT and Business, Agile against Project Management, the struggle for a superior position between … Continued

Deloitte: Closing accounts as the preferred SPA in the Czech Republic

When selling companies in the Czech Republic, parties prefer to determine the purchase price on the basis of the financial statements prepared at the date of the company’s takeover by the new owner, the so-called closing accounts. When negotiating a Share Purchase Agreement (SPA), this purchase price mechanism was chosen for 71% of deals. This … Continued

Allen & Overy: Leading insolvency law specialist Petr Sprinz joins Allen & Overy

Allen & Overy has announced today that distinguished expert Petr Sprinz has joined its team as counsel. Petr will lead the Czech restructuring and insolvency practice of Allen & Overy. The Prague office of Allen & Overy now has two partners, three counsel and 35 lawyers. Petr not only specialises in restructuring and insolvency, but … Continued

Prestigious Turnaround of the Year Award for the Recovery of the VEBA Textile Factory

One of the major Czech restructuring projects in recent years, recovery of the VEBA textile factory based in Broumov, received the prestigious 2020 Small Company Turnaround of the Year Award. The award is granted by TMA (Turnaround Management Association), an international association serving corporate renewal. The restructuring of VEBA also entailed preserving 600 jobs in … Continued

PwC webinar: Quick fixes – new rules on the taxation of the movement of goods between EU Member States are knocking on the door

PwC invites you to join the webinar: Quick fixes – new rules on the taxation of the movement of goods between EU Member States are knocking on the door. Do you want to make sure you’re well prepared for them? Date: 9 September 2020, 14:00 – 15:30 Registration at https://pwc.qualtrics.com/jfe/form/SV_3yr5mqhMmm3ighT Contact: Leona Novotná, leona.novotna@pwc.com Language: Czech … Continued

Prague Airport – Letiště Praha invites you to participate as a Partner of the educationally amusement Runway Park

Prague Airport – Letiště Praha invites you to participate as a Partner of the educationally amusement Runway Park, which takes place every weekend until the end of August. The following weekend will focus on the history of aviation, including talking about the fighter aircraft Spitfire and RAF’s pilots during World War II. The  weekend, August … Continued