NewsThe 8th Edition of the Act of the Year has been Launched

Entrepreneurs will yet again decide about the best Act of the Year. They may vote on and select legal regulations with a positive impact on business until May. The aim of the survey is to foster discussion among Czech entrepreneurs, politicians and experts on the quality of the Czech legislative environment. The eighth year of the competition is being held by Ambruz & Dark Deloitte Legal in cooperation with partners. Last year’s winner is the Act on Contract Register.

The six nominees include the Amended Civil Code, the new Public Procurement Act, the Electronic Sales Records, the EU directive on the protection of know-how, changes in the disclosure of open data and the abolition of the Foreign Exchange Act.

“The Nomination Committee of the Act of the Year comprises over twenty authorities on various business areas. At its meeting, it selected six legal regulations on which experts will vote through the end of May 2017,” says Tomáš Babáček, Chairman of the Nomination Committee of the Act of the Year survey and an attorney at Ambruz & Dark Deloitte Legal, and adds: “The Nomination Committee had a heated discussion before the nominated acts were selected. Having a discussion as to the area and the form in which the state is to adjust business through legislation is something we cannot do without. Consensus in such complex situations as the regulation of business will not materialise by itself if we all merely do business in a market environment. It is not only vital to regulate business, but also to protect and support it.”

Novelties Include a Content Platform

An intrinsic part of the project is a narrative part featuring articles, comments and opinions where distinguished experts are given space to discuss topics related to the project’s subheading: Law for Business. The purpose of the new opinion platform is to enable experts to voice their opinions towards the proposers of the bills. “However, the media and experts will also be allowed to use it,” says Babáček.


About the Act of the Year

The nominees of the survey, in which hundreds of representatives of companies take part every year, include legal regulations adopted in the past calendar year that have a significant impact on the business environment. The prestigious project is organised by Deloitte and its legal office, Ambruz & Dark Deloitte Legal, in cooperation with other partners.

The Act of the Year is a joint project of companies, associations, non-profit organisations and other entities engaged in the quality of business regulation in the Czech Republic. This year’s edition has newly seen the participation of the Confederation of Industry, Confederation of Commerce and Tourism and the Chamber of Commerce. Partnership and patronage of the project has been assumed by the Czech Bar Association. The project aspires to be a highly visible content initiative uniting the views of distinguished experts on the Czech market.