Interpreting a Shareholder’s Agreement under the Commercial Code
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Statutory bodies of Czech legal entities are obligated to act with necessary loyalty, sufficient knowledge and care, i.e. in such a way that when making a business decision they could be reasonably in good faith anticipating that they acted on an informed basis and in the justifiable interests of the business corporation. At the same time, taking risks is generally desirable since risky decisions tend to return the highest profits.
Foreign investments in the Czech Republic: International treaties, currency control, removal of profits and arbitration
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