Dear clients,
The subject of this newsletter is to outline to you the summary of major changes affecting limited liability companies introduced by two new laws — the Act on Business Corporations (Act. No. 90/2012 Coll.) (the “BCA”) and the new Civil Code (Act. No. 89/2012 Coll.) (the “NCC”). Our aim is to provide you with a description of the immediate impact of the new law on existing companies and also provide you with a summary of the most important innovations and changes for limited liability companies (the “JSC”).
