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Articles by Vladimír P. Polach
Sberbank CZ - the biggest Czech Bank Insolvency Case
Sberbank CZ was an indirect subsidiary of the Russian state-owned bank Sberbank. In 2020, it was the 10th largest Czech bank by assets and had a total of 95,000 individuals and 11,000 companies on its client list. Its rapid fall into insolvency and subsequent bankruptcy is described in more detail below. After the start of the Russia-Ukraine war on 24 February 2022, many countries began to take measures against Russian financial institutions and their subsidiaries.
Navigating the Complexities of EU Sanctions, Export Controls and International Trade Dynamics
We are pleased to invite you to an in-person seminar that will address the specific challenges and compliance risks arising from the complexities of EU sanctions, export controls and trade dynamics in an increasingly volatile geopolitical and regulatory environment.
Class Actions Act in Force – A Game-changer in Consumer Claims Against Businesses in the Czech Republic | Events | Insights & Events | Squire Patton Boggs
The Czech Class Actions Act, effective 1 July 2024, allows claimants to bring mass claims against corporations and entrepreneurs before Czech courts. The new law enables collective enforcement of consumer claims against businesses, a process previously limited in the Czech Republic. This introduces risks, particularly for businesses with a large number of consumers in liability-exposed sectors such as financial services, insurance, energy and other data-driven businesses.
Season Opener: A September Social for Our Clients
We are delighted to host the season opener event at our Prague office. Join us for an evening of networking, snacks and beverages, and engaging conversations as we celebrate the beginning of the season with our esteemed clients. This event is a wonderful opportunity to connect with fellow professionals and enjoy a relaxed atmosphere. We will be serving drinks and finger food throughout the evening. We are very much looking forward to meeting with you.
Czech Republic’s New Act on Preventive Restructuring: Game-Changer in Creditor-Debtor Relationships
On 23 September 2023, the new Act on Preventive Restructuring (284/2003 Coll.) entered into effect in the Czech Republic (the “Czech Preventive Restructuring Act”), incorporating the EU Directive 2019/1023 on preventive restructuring frameworks in the Czech legal environment.
Czech Republic's New Act on Preventive Restructuring: Game-Changer in Creditor-Debtor Relationships
On 23 September 2023, the new Act on Preventive Restructuring (284/2003 Coll.) entered into effect in the Czech Republic (the “Czech Preventive Restructuring Act”), incorporating the EU Directive 2019/1023 on preventive restructuring frameworks in the Czech legal environment.
New Year's Employment Update, Whistleblowing and Internal Investigations Challenges
What practical changes did the amendment to the Labour Code bring? What are the initial experiences with the implementation of whistleblowing systems? When is forensic support necessary in conducting internal investigations? If these topics interest you, we would be delighted for you to join us for a client breakfast. This event is being hosted at our office in cooperation with forensic specialists from renowned international firm Ernst & Young.
New Czech Whistleblower Legislation - Panel Discussion With Leading Czech Experts
A new Czech whistleblower legislation came into force on 1 August 2023, implementing the EU Whistleblower Directive. The Czech Republic has awaited this piece of legislation for many years.
Zachraňte českého vojína Ryana. Dojemné příběhy krajanů v americké armádě
Z trochu jiné kategorie je příběh Josepha Wechsberga, Čechoslováka z židovské rodiny, narozeného v Ostravě v roce 1907. Člověk s dobrodružným životopisem, do kterého patřilo i muzicírování po pařížských klubech a na výletních lodích v meziválečném období, získal v Československu hodnost poručíka, jeho život však zásadně ovlivnila služební cesta do USA v roce 1938. Ze Spojených států se nakonec domů do Ostravy vrátil, jak popisuje v drobné vzpomínkové knize Homecoming (tj.
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