The government has approved the draft law on transformations of
companies and cooperatives submitted by the Ministry of Justice of
the Czech Republic. The main objective is to incorporate into the
Czech legal system the new European directive, which regulates
cross-border relocation of the registered office, cross-border
mergers and cross-border divisions, but also responds to the
findings of practice. Among other things, the bill reduces the
qualified majority required to approve a division to 75% of the votes
of shareholders present at a general meeting.
Created
by the team of CzechTrade Shanghai
Source: CIANEWS