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News & Updates

25/07/2022
Provisions of the Czech Civil Code on laesio enormis (Sections 1793-1795) shall not apply to (company) share transfers, irrespective whether listed on an (European) regulated market. This is the judgment of the Czech Supreme Court of 16 March 2021, case No. 27 Cdo 451/2012, published in the Collection of Court Judgments and Opinions under No. 17/2022. As a consequence, neither the buyer nor the seller is able to challenge the transfer and seek cancellation of the share transfer agreement arguing that value of the shares is grossly disproportionate to the purchase price.

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News & Updates

14/09/2023
We represented a client in obtaining a landmark decision from the Czech Supreme Court regarding compensation for damage caused by unlawful anti-COVID restrictions.
3/02/2023
At the beginning of 2023, a major consumer-law revamp has come into force in the Czech Republic.

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