Open AccessNew in the Czech Civil Code – Rules on Family Enterprise
Author(s) -
Karel Marek,
Martin Janků
Publication year - 2020
Publication title -
acta všfs/acta všfs
Language(s) - English
Resource type - Journals
eISSN - 1802-7946
pISSN - 1802-792X
DOI - 10.37355/acta-2020/2-04
Subject(s) - czech , civil code , context (archaeology) , law , commercial law , code (set theory) , civil law (civil law) , political science , family business , business , computer science , geography , business administration , philosophy , linguistics , archaeology , set (abstract data type) , programming language
For more than two decades the family business enterprises of the first generation(generation of founders) are more and more dominating in the category of today’s Smalland Medium-sized Enterprises in the Czech Republic. The necessary legal backgrounddefining the legal relationships and rights of all participating persons was, however, limitedto general provisions in the Commercial Code that hasn’t solved many of the problemsassociated thereto. Only in 2012 the new Czech Civil Code, Act. No 89/2012 Coll., introducedthe institute of family enterprise as completely new term in the Czech Civil law. The presentpaper aims to analyse the key rules of this new legal regulation, focusing on significantaspects of the institute in the context of commercial law and family law, as well as tohighlight the potential weaknesses in the regulation itself.