25th March 2013

Senate: stricter rules for joint stock companies

On 20 March, the Senate discussed the governmental proposal of the Bill on Transparency of Joint Stock Companies (zákon o zvýšení transparentnosti akciových společností). Furthermore, the Senate’s Committee on Regional Development, Public Service and Environment has proposed an amendment. The amendment primarily aims at tightening of restrictions which joint stock company may compete for public contracts. The amendment explicitly regulates the Act on Public Contracts (zákon o veřejných zakázkách) stating that public contracts are accessible only to those companies with transparent ownership structure (i.e. registered shares).
The Bill is heading back to the Chamber of Deputies. The oppositional parliamentary party groups are ready to support the Senate’s version; the governmental parliamentary party groups, however, hesitate over the Senate's version. 
For further information regarding the discussion at the Senate’s floor, click here.

Members of the American Chamber of Commerce in the Czech Republic