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Transfer of Business in the Czech Republic

Abstract

Czech law provides various legal options for transfer of the business from/to a Czech legal entity: a) asset deal; b) transfer of business activity; c) transfer of (part of) enterprise; d) de-merger / spin-off; and e) share deal. The transfer of business between individual entrepreneurs and accounting / tax issues related to each option is not subject to this overview.

Author

Portrait image of Richard Bacek
Richard Bacek
General Counsel of Siemens Czech Republic, Romania and Slovakia, Siemens, s.r.o., Czech Republic

Richard Bacek joined Siemens in 2009 as General Counsel for Siemens Czech Republic. Since 2015 he has performed also the role of General Counsel for Siemens Slovakia and since 2016 for Siemens Romania. Prior to 2009, Richard Bacek worked as attorney for international law firms in Prague. Richard Bacek is member of the Appeal Committee of the Czech National Bank and Chairman of the Disciplinary Committee of the Football Association of the Czech Republic

Company

Siemens, s.r.o.

Siemens is international industrial group active in industry automation, energy, mobility, building technologies, healthcare and other business. In many of these sectors Siemens participates in public procurement processes.

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