Business

From an employee to a millionaire

What ESOP plans are good for?

The history of companies, especially those that have changed the world, is full of stories of employees who became millionaires thanks to holding shares in the company. How did companies achieve this success? They used employee stock ownership plans, so-called ESOPs. How do such incentive programmes work and what options do we have in the Czech Republic?

Jaroslav Baier, Josef Žaloudek a Josef Bouchal · 11 September 2023

The unexpected obstacles on the road to a successful acquisition

The clear regulatory environment for corporate acquisitions in the Czech Republic and Slovakia is a thing of the past. Regulators’ ability to check transactions expanded in the areas of competition, foreign investments, and foreign state aid.

Robert Neruda a Lenka Gachová Štiková · 11 September 2023

Preventive restructuring

How to overcome a company crisis

Uncertainty and rising prices in Slovakia have caused a number of entrepreneurs to see their cash flow decrease, leading to a risk that they will not be able to pay their debts on time in the coming months. But legislation offers the possibility of overcoming a financial crisis in the company in the form of preventive restructuring. When is it time to act and when is it too late?

Ondřej Majer a Lenka Ostró · 11 September 2023

How to stop raids of speculators in agriculture?

Shareholders’ mutual disputes, as well as disputes between shareholders and the company, are as old as business corporations themselves, and agricultural companies are no exception. On the contrary. Agriculture has become an increasingly attractive investment area in recent years, attracting those with potentially speculative intentions. How to resist these modern-day raiders? Prevention is the key.

Jan Koval a Jiří Kunášek · 11 September 2023

Changes in retail and e-commerce

What does the amendment to the Consumer Protection Law change?

An extensive amendment to the Consumer Protection law introduced considerable changes for e-shops and brick-and-mortar retailers from the beginning of 2023. As of 6 January, websites, and legal documents, especially terms and conditions and complaints procedures, must be adapted to the new rules. Which are the most significant changes?

Ivan Rámeš a Lukáš Jakoubek · 9 January 2023

When financial problems arise, the management must act

The looming effects of the coronavirus pandemic, the energy crisis, a significant rise in inflation and other circumstances are having a major impact on the business of companies. What if a company runs into financial difficulties and is facing the risk of insolvency? At such times, its managers have a legal duty to act.

Marek Vojáček · 9 January 2023

Public procurement of legal services

What is decisive – price or quality?

Providing high quality legal services to the public sector is a challenge. The main criterion in fact is still price – however, the lowest hourly rate does not necessarily mean the lowest overall price, and certainly not the top quality.

Josef Hlavička a Adéla Havlová · 10 January 2022

Deposit return scheme has a green light

Slovakia is the first country in the Central European region with a nationwide deposit return scheme for disposable packaging. HAVEL & PARTNERS acted as legal counsel to the Deposit System Administrator in its preparation, launch and operation.

Štěpán Štarha · 10 January 2022

(R)evolution in supplier-buyer relationships – get ready for a change

Starting from June 2022, the rules governing the relationship between manufacturers and distributors of goods are to fundamentally change. The changes deserve due attention because they pose both potential risks and opportunities.

Robert Neruda a Vladislav Bernard · 10 January 2022

Sustainability report – for large companies a duty, for others a necessity

Carbon footprints, favourable working conditions, anti-corruption rules… Is your company already addressing sustainability and ESG reporting issues? If it is not, it is high time it started — non-financial reporting will soon be mandatory and will also indirectly affect smaller companies.

Jan Koval · 10 January 2022

Those who are prepared are not surprised

Business is not just about success. Sooner or later, every company may find itself in a situation where it is dealing with a serious problem that threatens its economic stability or reputation. And it is important to be prepared for such situations, because crisis situation prevention is essential for a successful business.

Whistleblowing is coming. Are you ready?

New legislation on the protection of whistleblowers is heading into practice – what it means for companies.

Robert Nešpůrek a Michal Smrček · 13 September 2021