Expert files
Guest Writer|28.06.2011

Will the Czech s.r.o. become more unsafe for creditors?

The draft Act on Companies, as recently approved by the government, besides other drastic changes reduces the required basic capital of a Czech limited liability company (s.r.o.) from Kč 200,000 to Kč 1. Does this mean that the Czech s.r.o. will lose all credibility in the Czech Republic and the outside business world as protection of business partners is waived?

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