The Good, the Bad and the Ugly of the New Corporate Law Cover Image

Hodný, zlý a ošklivý nového korporátního práva
The Good, the Bad and the Ugly of the New Corporate Law

Author(s): Zdeněk Houdek
Subject(s): Commercial Law
Published by: Masarykova univerzita nakladatelství
Keywords: Czech Corporations Act 2012 (ZOK); corporate law; public limited company;legislation;

Summary/Abstract: This thesis will analyze the way of reception of trio of legal institutes from foreign jurisdictions to Czech Corporations Act 2012 (ZOK). Specifically, the business judgment rule according to section 51 paragraph. 1 ZOK; insolvency test (wrongful trading) according to sec. 68 ZOK; and a one-tier board model of the public limited company. Proclaimed inspiration from foreign legal systems is the common denominator, but at a closer look, it shows on not entirely consistent legislature approach.

  • Issue Year: 23/2015
  • Issue No: 3
  • Page Range: 205-213
  • Page Count: 9
  • Language: Czech
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