NEWS

13/3/2019

Registration courts supervise the election of supervisory board members by employees

A practice by the registration courts has been reported recently, whereby these courts request joint-stock companies to demonstrate that they do not employ over 500 employees or that their employees have elected the relevant part of the members of the supervisory board. The Business Corporations Act generally requires that the supervisory board of a joint-stock company employing more than 500 employees have a number of members divisible by three, with employees electing one third of those members. Failing that, the companies facing such a request risk to be dissolved by the registration court unless remedy is ensured within a relatively short deadline. If you have already received a similar call, our firm will be happy to assist in preparing your affidavits or, if necessary, arranging a rectification.

 

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FORLEX s.r.o., attorneys-at-law

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FORLEX s.r.o., attorneys-at-law
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FORLEX s.r.o., attorneys-at-law
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On 5 February 2016, the Czech Bar Association was authorized by the Ministry of Industry and Trade of the Czech Republic to deal with alternative consumer dispute resolutions in the field of disputes between a lawyer and a consumer arising from legal service agreements (under Act no. 634/1992 Sb., on consumer protection, as amended). The website of the designated body is www.cak.cz.