On February 13, 2020, the first major amendment to Act No. 90/2012 Coll., on companies and cooperatives, as amended (the "Corporations Act"), was published in the Collection of Laws. It seeks to reduce the regulatory burden and fix certain interpretational ambiguities that plagued the previous version of this law. With a few exceptions, the amendment is slated to come into force as of January 1, 2021.
1st July 2021