Czech Commercial Code definition
Examples of Czech Commercial Code in a sentence
No Guarantor incorporated under the laws of The Czech Republic or any Guarantor which is a direct or indirect Subsidiary of a company incorporated under the laws of The Czech Republic shall have any liability pursuant to this Article VII to the extent that the same would result in the violation of financial assistance provisions set out in Section 161e and 161f of the Czech Commercial Code.
Pursuant to the Czech Commercial Code, the ownership title to shares of the other shareholders passed to the Company on 4 March 2009 upon expiration of one month from the above publication and UNIPETROL, a.s. became the sole shareholder of PARAMO, a.s.In connection with the squeeze-out, certain minority shareholders of PARAMO, a.s. filed a petition with the Regional Court in Hradec Králové for a review of the adequacy of compensation within the meaning of the Czech Commercial Code.
The Contractual Parties acknowledge and recognize that areas not explicitly regulated hereby shall be regulated by the respective provisions of the Czech Commercial Code.
For avoidance of any doubt, this Request for Proposal (“RFP”) is intended to be only an invitation to the Offeror to present an offer and in no case shall be understood to be a binding offer to conclude any contract pursuant to Article 43a or a public tender pursuant to Article 847 of the Czech Civil Code, or a public proposal to conclude a contract pursuant to Article 276 or a public tender pursuant to Article 281 of the Czech Commercial Code.
For example, the Czech agency cites the Czech Commercial Code for the proposition that “both natural and legal persons have the right to freely engage in competitive activities for economic gain, and associate with others individuals to do so.
On 26 February 2007, Goldenfrazil Limited with its registered office in Nicosia, Cyprus, submitted a request pursuant to Section 182(1)c of the Czech Commercial Code to the Supervisory Board of Unipetrol, asserting rights to damages in the amount of CZK 351,877,163 (EUR 12,8 million) which Goldenfrazil Limited alleges Unipetrol has against the members of Unipetrol’s Board of Directors (the ‘‘Goldenfrazil Claim’’).
For avoidance of any doubt, this Request for Proposal is intended to be only an invitation to the Offeror to present an offer and in no case shall be understood to be a binding offer to conclude any contract pursuant to Section 43a or a public tender pursuant to Section 847 of the Czech Civil Code or a public proposal to conclude a contract pursuant to Section 276 or a public tender pursuant to Section 281 of the Czech Commercial Code.
As mentioned above, the Czech Commercial Code does not recognise anything like ‘concern’ or a product like cash pooling.
In accordance with the Czech Commercial Code, joint stock companies are required to establish a reserve fund for possible future losses and other events.
This transaction represents a special type of transaction defined by the Czech Commercial Code.