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Peterka Partners – Newsletter July 2016

CZECH REPUBLIC

Register of Contracts As from 1 July 2016, contracts with public institutions must be published in a central register kept by the Ministry of the Interior. The failure to publish the relevant contracts will be sanctioned as from 1 July 2017, and this for contracts concluded from 1 July 2017 on.

Registration of beneficial owners

Amendment to the Act on Public Registers is passing through the legislative process. If enacted, companies registered in the Czech Republic will be required to disclose, within one year, their ultimate beneficial owner.

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