Czech Republic issues new comprehensive obligations for consumer protection

On 16 November 2022, the Czech President signed an Amendment Act, which changes Act No. 89/2012 Coll., the Civil Code, as amended, and Act No. 634/1992 Coll., the Consumer Protection Act, as amended. In addition to implementing EU Directives 2019/770, 2019/771, 2019/2161, the Amendment Act rectifies former errors in implementation of EU Directives, and both … Continued

Park Lane’s Winter Market 2022 on 10 December: Spend an afternoon together in a Christmassy atmosphere!

Our member, Park Lane International School, cordially invites you to their traditional Winter Market – a place where savoury food, delicious beverages, great music and Christmas goodies meet to create a truly Christmassy atmosphere! Find lovely gifts from a range of stalls, including hand-made goods such as jewellery, candles, children’s books, accessories and much more. … Continued

Hotel Emblem: The perfect place for your business breakfast!

Our member, The Hotel Emblem, offers their premises for your business breakfasts! Available are multiple lounges/private rooms, and with their 5* luxury service, you can count on getting the maximum possible comfort. Countless variations of traditional and unique breakfast options are a matter of course. And located in the very centre of the Old Town, … Continued

A Great Christmas gift which saves the national heritage! Buy the “INTO Places” Card with a Christmas discount

The Czech National Trust (CNT), a member of the International National Trusts Organisation (INTO), promotes and supports the conservation, protection and maintenance of cultural heritage in the Czech Republic, a cultural heritage of international importance. It aims to inspire, foster and promote the development of an effective voluntary and donor culture in the Czech Republic. … Continued

Ebury G10 Weekly FX Update: Dollar falls as recession fears recede, yields fall

Risk assets rose worldwide last week as the backdrop turned more supportive. Recession fears seem to be easing worldwide, particularly in the Eurozone, but interest rates are not rising in tandem, the best combination possible for stock markets, credit and commodity currencies. The dollar underperformed against every currency in G10, and the biggest winners were … Continued

Allen & Overy acts as lenders’ counsel on EUR1.6bn senior financing for Allwyn

Allen & Overy announced today that it has represented UniCredit Bank Czech Republic and Slovakia, a.s. and other banks on the EUR 1.6 billion financing of Allwyn, a leading global lottery operator. Under this transaction Allwyn International a.s. (Allwyn) established a multi-currency term, revolving and guarantee facilities to be used to (i) refinance existing indebtedness … Continued

PwC webinar: R&D tax deductions, Judicial decisions, inspections and the future

R&D tax deductions constitute an interesting way how to reduce income tax for taxpayers carrying out research and development activities. Despite the fact that the calculation of such deduction itself is not too complicated, claiming the deduction in tax declarations duly and properly can become tricky. Besides the legislation, the conditions are affected significantly by … Continued

Ebury FX Weekly Market Update: Dollar rebounds on hawkish Fed officials

The dollar recovered somewhat from its recent drubbing on the back of a steady drumbeat of hawkish Federal Reserve speeches. Data out of the US and the Eurozone was very light last week, and what there was came out generally better than expected and reinforced the message that the main problem confronting major central banks … Continued