Clifford Chance

Capital Punishment for Corporations

14 December 2011

After a number of unsuccessful attempts to introduce the criminal liability of corporations into Czech law, a new Act on Criminal Liability of Corporations was finally adopted by the Czech Parliament recently when the Lower House overrode the President's veto. The Act will come into effect as of 1 January 2012 and is likely to transform the legal landscape in which Czech businesses operate. The Act was passed to meet the Czech Republic's international commitments and also as part of the Czech government's anti-corruption strategy.

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