CzechInvest issues, on August 6 th 2013, Supplemental Call to the 5 th Call for Participation in the CzechAccelerator Project
|
|
- Derek Matthews
- 8 years ago
- Views:
Transcription
1 CzechInvest issues, on August 6 th 2013, Supplemental Call to the 5 th Call for Participation in the CzechAccelerator Project The CzechAccelerator project is being implemented within the Consulting Programme Priority Axis 6, Services for Business Development, which is part of the Operational Programme Enterprise and Innovation (OPEI) for the period The objective of the project is to support innovative Czech firms in developed foreign markets through the provision of consulting services focused primarily on the development of management experience and enhancement of marketing skills. Part of the provision of consulting services consists in support within the process of obtaining financing in the form of venture capital and from business angels, easy access to potential strategic partners and top advisors, and participation in networking events and seminars with investors. Interested parties can register for a stay in the following destinations: East or West Coast of the United States, Singapore, Israel or Switzerland. Registrants should indicate their preference in the registration form. Individual destinations are focused primarily on: USA West Coast USA East Coast Singapore Israel Switzerland ICT, life sciences and nanotechnology biotechnology, life sciences, medical technology and clean technologies ICT, biotechnology and life sciences ICT, biotechnology, life sciences and clean technologies biotechnology, life sciences, clean technologies and precision engineering Participation timeframe Interested parties can apply for a residency during the period from 21 October 2013 to 19 December 2013, i.e. takeover of office spaces in the destination on 21 October 2013 and handover of the office spaces on 19 December Page 1 of 9
2 The time periods set forth in the Call and registration in the project are binding for the interested parties and cannot be changed without the prior consent of CzechInvest. The CzechAccelerator project allows repeated participation. Participants which have already participated in the project can re-register upon fulfilling all conditions. However, former participants cannot register for a stay in a destination where they have already participated in the project. Conditions of participation Definition of the applicant: The applicant must be a business entity natural person or legal entity conducting business with its registered office or operations in the Czech Republic and fulfilling the definition of a small or medium-sized enterprise as set forth in Annex I of Commission Regulation (EC) No. 800/2008. The applicant shall have one of the following legal forms: 101 natural person (hereinafter referred to as NP ) conducting business pursuant to the Trade Licensing Act (hereinafter referred to as the TLA ), not registered in the Commercial Register; 102 NP conducting business pursuant to the TLA, registered in the Commercial Register; 105 NP conducting business pursuant to acts other than the TLA and the Agriculture Act, not registered in the Commercial Register; 106 NP conducting business pursuant to acts other than the TLA and the Agriculture Act, registered in the Commercial Register; 111 public company; 112 limited liability company; 113 limited partnership; 121 jointstock company; 205 cooperative; 231 production cooperative; 232 consumer cooperative; 234 other cooperative; 241 cooperative enterprise (with one founder); 421 foreign entity; 501 affiliated plant or other organisational unit registered in the Commercial Register; 932 European company; 933 European cooperative enterprise. An applicant must fulfil the following criteria and conditions of the date of submitting the registration - The applicant must be authorised to conduct business in the Czech Republic corresponding to the supported economic activity for the realisation of which the project is to be implemented. - According to the applicant s affidavit, such applicant must be registered as an income-tax payer with the Tax Office pursuant to Section 125(1) of Act No. 280/2009 Coll., the Tax Code, as amended. - According to the applicant s affidavit, such applicant shall not have any outstanding liabilities toward selected institutions (Tax Office, the Czech Social Security Administration, health-insurance companies, Land Fund, Ministry of Page 2 of 9
3 Finance as the legal successor of the State Property Fund, State Environmental Fund, State Housing Development Fund, Customs Administration of the Czech Republic, State Cultural Fund, State Fund of the Czech Republic for Support and Development of Czech Cinematography, State Agricultural Intervention Fund, regions, municipalities and associations of municipalities) or toward providers of aid for projects co-financed from the European Union budget. Deferment of payment of outstanding liabilities or an agreement on the payment of outstanding liabilities shall be considered as settled liabilities. - According to the applicant s affidavit, the applicant shall not have any outstanding liabilities towards its employees regarding wage claims. - The applicant may not conduct business activities in the sector of primary production of agricultural products, fishing and aquaculture (CZ-NACE A01 and A03) and other sectors exclude pursuant to Commission Regulation (EC) No. 1998/ The applicant must be the owner of a clearly defined, existing (or developed) technological product (tangible product or service), which is at least 51% in the applicant s ownership. - The applicant must have its own management and product-development teams which operate in the Czech Republic at least 51% of the time. Time is understood to be the period worked on the basis of a contractual relationship within the given company (e.g. employment relationship employment contract or agreement agreement on performance of work, agreement on work activity, or employment contract with an employment agency); i.e. at least 51% of the time worked in the given company must be realised in the Czech Republic. It must have a high degree of potential for successful commercialisation of the product. It must have strong interest in and motivation for penetrating international markets. It must have strong future growth potential. It must be focused on development of new and innovative technological solutions. An entity cannot be an applicant if as of the date of submission of the application: - Pursuant to the Act on Bankruptcy and Settlement, a court has declared bankruptcy against its assets, granted a settlement or rejected a proposal for declaration of bankruptcy due to insufficient assets. - A ruling on its insolvency has been issued pursuant to Section 136 of Act No. 182/2006 Coll., on Insolvency. - A court has issued a ruling on the order of enforcement of a decision on the given entity s assets or ordered the execution of its assets. - It is in liquidation. - Such entity is registered as a debtor in the database of debtors. Page 3 of 9
4 - It has an outstanding liability arising on the basis of an order to return financial resources issued following the prior ruling of the Commission declaring that aid is contrary to law and incompatible with the common market. - It is a recipient of aid for young, innovative enterprises pursuant to Article 35 of Commission Regulation (EC) No. 800/2008, provided less than three years prior to the date of submission of the aid application. - it has the legal form of a joint-stock company with documentary bearer shares pursuant to Act No. 171/2012 Coll., on Budgetary Rules and on the Amendment of Certain Related Acts (see the notification for aid applicants at - It is an enterprise in difficulties (according to the Commission Regulation (EC) No. 800/2008). A small or medium-sized enterprise is considered to be an enterprise in difficulties if it fulfils the following conditions: a) in the case of a limited-liability company, where a loss of more than half of the basic capital has occurred and where a loss of more than one-fourth of such capital has occurred in the past twelve months, or b) in the case of a company in which at least some of the partners fully guarantee the company s liabilities, where there has occurred a loss of more than onehalf of the basic capital recorded in the company s accounting and where there has occurred a loss of more than one-fourth of such capital in the past twelve months, or c) where, regardless of the type of company, the enterprise fulfils the conditions of the Insolvency Act (Act No. 182/2006 Coll., on Insolvency and Its Settlement) for commencing collective insolvency proceedings A small or medium-size enterprise that has been in existence for less than three years is considered to be an enterprise in difficulties during the stated period only if it fulfils the conditions set forth in subparagraph c). Within the CzechAccelerator project implemented within the Operational Programme Enterprise and Innovation, an applicant may not have its registered office in Prague, with the exception of an applicant whose activities are demonstrably connected with the development or production of a product or service realised in the Czech Republic but outside the Prague region. Page 4 of 9
5 Individual steps necessary for registration Complete both the Czech and English versions of the project registration form. Prepare financial statements for the past three accounting periods (If the company has been in existence for less than three years, data for all concluded accounting periods shall be provided. In the case of a newly established company, provide the current data.) Prepare a presentation in the English language in ppt. format. The presentation shall contain particularly the following: information about the company, information about the product with which the applicant is registering in the project, information about objectives in the foreign destination and information about the main anticipated activities to be conducted in the destination. The maximum scope of the presentation is ten slides. Send both language versions of the registration form in.doc format, the financial statements, the presentation in.ppt format and both signed versions of the registration form in.pdf format to accelerator@czechinvest.org no later than September 6 th Within three business days CzechInvest will send you an confirming delivery of the registration form. Close of registration acceptance: September 6 th, 2013 Assessment and selection of registrants All applications delivered by the deadline and fulfilling the formal requirements and conditions of the call for participation shall be assessed by an assessment committee, where the applicant will present its business plan and product. The committee will assess the potential for commercial utilisation, the product s attractiveness from the perspective of the end-customer, the product s potential for a technology partner, the manner of introducing the product to the market, the quality of the applicant s working team, the relevance of use in the accelerator, and Practical application of the product on the market (quality, practical utility). Level of technological advancement, attractiveness and level of innovation of the product (innovation standpoint, potential for future development). Feasibility of the product (possibility of manufacturing in series production). Exceptionality and uniqueness of the product (size and extent of competition, the product s potential to become established on the market, future demand for the product). Page 5 of 9
6 Anticipated date on which the assessment committee will convene: second half of September The applicant shall conduct its presentation before the committee in the English language (approx. 15 minutes) and demonstrate its so-called elevator pitch (120-second presentation for potential investors). Notice: Upon announcement of the results of the assessment, the applicant must be prepared to immediately sign a Contract on Cooperation and to depart to the destination. Among other things, this means for the applicant rapid purchase of airline tickets, assurance of accommodation in the destination and, as the case may be, the necessary permit for entry into the given country (e.g. registration in the case of Switzerland, ESTA or a visa in the case of the United States). Aid provided to project participants Support at the place of operation - destination (term of operation: October 21 st December 19 th 2013) Services (aid) provided to project participants which are ensured and 100% paid for by CzechInvest (costs will be incorporated into the participant s de minimis aid): Use of office spaces of a contracting foreign partner during the abovementioned time period (the time period is binding for participants and will be specified in the Contract on Cooperation between the project participant and CzechInvest). Access to a network of technology firms, leading venture-capital funds and potential customers in the destination through networking activities and services ensured by the contracting foreign partner. Note: The above-mentioned services shall not be entered into the participant s accounting and are fully paid for by CzechInvest from the project s budget. Services which the participant shall ensure and pre-finance in accordance with instructions from CzechInvest (costs will be incorporated into the participant s de minimis aid): Participation in professional conferences and seminars. Eligible costs are primarily registration and participation fees, costs connected with appearances and presentations, etc. (aid in the amount of 100% of eligible costs, though not exceeding the maximum amount of CZK 200,000 per firm) (active participation in trade fairs, i.e. activities connected with the active presentation of the product, stand rental, etc., shall not be supported). Page 6 of 9
7 Training, mentoring, coaching and the services of experts and advisors, primarily legal, marketing, business development, HR, etc. (support in the amount of 50% of eligible costs, though maximally CZK 400,000 per company). Support for the protection of intellectual property rights, especially consulting services leading to the acquisition of a patent or registered trademark for the participant s product in the destination where the participant is taking part in the project (aid in the amount of 100% of eligible costs, though maximally in the amount of CZK 200,000 per firm). Travel costs in the amount stipulated by the project for dispatched employees, executives, owners, managers participating in management as members of a statutory body of the enterprise (max. two persons for the period from July to December 2013). a) Travel costs, i.e. economy-class air travel from the Czech Republic to the destination (aid in the amount of 50% of costs, though not exceeding the maximum amount of CZK 15,000 per one round-trip airline ticket to the United State or Singapore, or the maximum amount of CZK 8,000 per one round-trip airline tick to Israel or Switzerland). b) Contribution for accommodation (aid in the amount of 50% of costs, though not exceeding the maximum amount of CZK 500 per day per company. Funding for the above-mentioned services is disbursed retroactively upon completion of the project and submission of the Payment Application under the condition of compliance with the conditions set forth in the Contract on Cooperation (hereinafter referred to as the Contract ) and in the case that costs are directly connected with an approved individual project of the participant. The above-mentioned amounts are the maximum possible. The contract is concluded with the aid provider, which is CzechInvest. A teplate Contract on Cooperation is available at Only employees, executives, owners or managers participating in management as members of a statutory body can participate in the project on behalf of the company (e.g. use consulting services, receive funding for air transport, accommodation, etc.). Aid for SMEs will be provided to participants pursuant to the de minimis rule. Aid is provided in the de minimis regime in accordance with Commission Regulation (EC) No. 1998/2006 of 15 December 2006 on the application of Articles 87 and 88 of the EC Treaty to de minimis aid. Such aid is provided in the amount of 50% to 100% of eligible costs. The total amount of de minimis aid provided to one enterprise may not exceed the amount of EUR 200,000 in any three-year period (this refers to Page 7 of 9
8 the total of de minimis aid obtained in the current tax period and for the two preceding tax periods). For conversion of the amount of aid from OPEI pursuant to the de minimis rule, the currency-conversion rate issued by the European Central Bank on the date of provision of such aid, i.e. the date of conclusion of the contract, shall be used. Other state aid, i.e. state aid pursuant to Article 107(1) of the Treaty on the Functioning of the European Union or aid in the de minimis regime pursuant to Commission Regulation (EC) No. 1998/2006, cannot be provided for identical partially or fully overlapping eligible costs of the participant supported from the CzechAccelerator project. An unsuccessful applicant can re-register in a new call under the condition that such applicant fulfils the conditions of participation. Other conditions Aid will be provided to the participants on the basis of the Contract, which contains the conditions for provision of aid. The participant is obligated to keep separate records and documentation pertaining to eligible project costs and use of aid intended for financing eligible costs and to retain such records for a period of ten years from the date of termination of the project and minimally for a period of three years from the closure of the Operational Programme Enterprise and Innovation in accordance with Article 90 of Council Regulation (EC) No. 1083/2006. All aid recipients will be informed of the closure of the Operational Programme Enterprise and Innovation. Aid in the form of services is provided to participants during the duration of the project; financial support (payment of part of the eligible costs) is provided retroactively following termination of the project, providing that the conditions set forth in the Contract have been fulfilled. Throughout the entire period of project implementation and for a period of three years from the date of termination of the project, the participant is obligated to allow direct access by employees of the aid provider and administrator of OPEI for the purpose of conducting inspections pursuant to Act No. 552/1991 Coll., on State Inspection. The participant is further obligated to allow these employees direct access for the purpose of verifying compliance with the conditions of the project and proper use of resources from the provided aid, as well as inspections of the financial situation and accounting and tax records of the aid recipient both at the place of project implementation and at the aid recipient s registered office. For the purpose of inspection, the participant is obligated to retain all outputs paid for from the project. Page 8 of 9
9 The applicant agrees that a) CzechInvest and the Ministry of Industry and Trade shall process, by all necessary and suitable means, all data set forth in the project-participation application form (including all personal data) and other documents provided by the project participant in connection with the project for the purpose of assessment and administration of the application and evaluation thereof, project inspection and monitoring, assurance of the public s awareness and publicity of the project and for the purpose of performance and other rights and obligations of CzechInvest and the Ministry of Industry and Trade connected with the provision of aid and assessment of the project and the payment application. b) Czechinvest shall share data and provide materials provided by the applicant with third parties that are participating in the implementation of the CzechAccelerator project for the purpose of assessment and administration of the application and evaluation thereof, processing, decision-making on the possible provision of aid, assessment, inspection and monitoring of the project, assurance of the public s awareness and publicity of the project and for the purpose of performance and other rights and obligations of CzechInvest and the Ministry of Industry and Trade connected with the provision of aid and assessment of the project and the payment application, possibly to other parties whose awareness is necessary for the proper implementation and monitoring of the project. Contact: Marketa Havlova, project manager, CzechAccelerator programme tel.: , marketa.havlova@czechinvest.org Lubos Matejka, project manager, CzechAccelerator programme tel.: , lubos.matejka@czechinvest.org Page 9 of 9
Third Call for Participation in the
Third Call for Participation in the CzechAccelerator 2011-2014 Project (Close of registration acceptance prolongs to 8 May 2012) The CzechAccelerator 2011-2014 project is being implemented within the Consulting
More informationCALL FOR SUBMISSION OF PROJECTS WITHIN THE OPEI DEVELOPMENT
Ministry of Industry and Trade of the Czech Republic Structural Funds Division Managing Authority for the OPEI CALL FOR SUBMISSION OF PROJECTS WITHIN THE OPEI DEVELOPMENT Call identification Programme
More informationThe National Council of the Slovak Republic has adopted the following Act: Article I. 1 Scope of the act
Slovak Investment and Trade Development Agency Address: Trnavská cesta 100, 821 01 Bratislava, Slovak Republic Tel.: +421 2 58 260 100, Fax: +421 2 58 260 109, E-mail: invest@sario.sk, www.sario.sk Act
More informationFOR INFORMATION PURPOSES ONLY
On December 23, 2013, the debtor Metropolitní spořitelní družstvo v likvidaci, having its registered office at Balbínova 404/22, Prague 2, Postal Code 120 00, Identification Number: 255 71 150, registered
More informationCALL FOR SUBMISSION OF PROJECTS IN OP RDI Strengthening Research Capacities of R&D Centres
Ministry of Education, Youth and Sports Managing Authority OP RDI CALL FOR SUBMISSION OF PROJECTS IN OP RDI Strengthening Research Capacities of R&D Centres Call Identification Priority Axis Call Number
More informationEXCHANGE RULES, SECTION XII. Conditions for Admission of Collective Investment Securities to Trading on the Regulated Market of the Exchange
EXCHANGE RULES, SECTION XII. Conditions for Admission of Collective Investment Securities to Trading on the Regulated Market of the Exchange PART I. GENERAL Article 1 Subject Matter and Definitions (1)
More informationThe Bratislava Stock Exchange IPO Overview
The Bratislava Stock Exchange IPO Overview Bratislava Stock Exchange (hereinafter referred to as BSSE ) was founded in 1991, in conformity with a decree of the Ministry of Finance of the Slovak Republic
More information14. Corporate Tax and Depreciation
14. Corporate Tax and Depreciation Corporate income tax is levied on income from the worldwide operations of Czech tax residents and on Czech-source income of Czech tax non-residents. Czech tax residents
More informationCZECH REPUBLIC ACT ON BONDS
CZECH REPUBLIC ACT ON BONDS Important Disclaimer This translation has been generously provided by the Czech National Bank. This does not constitute an official translation and the translator and the EBRD
More informationLaw on Bankruptcy and Liquidation of Banks and Insurance Companies (Official Gazette of the Republic of Serbia, No. 14/2015)
Law on Bankruptcy and Liquidation of Banks and Insurance Companies (Official Gazette of the Republic of Serbia, No. 14/2015) (Unofficial Translation) I. BASIC PROVISIONS Article 1 This Law governs the
More informationCompany Agreement for airline services
Company Agreement for airline services Between The Customer And Scandinavian Airlines System Denmark-Norway-Sweden 1 Contents 1 Company Agreement for airline services...3 1.1 Content and scope of the Agreement...3
More informationSoftware development centers Development of new software solutions, especially for foreign clients
INVESTMENT INCENTIVES FOR TECHNOLOGY CENTRES AND BUSINESS SUPPORT SERVICES IN THE CZECH REPUBLIC 1. TYPES OF SUPPORTED PROJECTS 1.A TECHNOLOGY CENTRES Development and innovations development and innovations
More informationON CIRCULATION OF CREDIT INFORMATION AND ACTIVITIES OF CREDIT BUREAUS THE REPUBLIC OF ARMENIA LAW
THE REPUBLIC OF ARMENIA LAW ON CIRCULATION OF CREDIT INFORMATION AND ACTIVITIES OF CREDIT BUREAUS Adopted October 22, 2008 Article 1. Subject of Law CHAPTER 1 GENERAL PROVISIONS 1. This law regulates terms
More informationAct on Insurance Mediation and Reinsurance Mediation
Act on Insurance Mediation and Reinsurance Mediation The full wording of Act No. 340/2005 Coll. dated 23 June 2005 on insurance mediation and resinsurance mediation and on amendments to certain laws, as
More informationAct of Law 424/1991 Coll., on association in political parties and political movements
Source: http://www.psp.cz/docs/laws/1991/en/424.html (accessed: April 2009) Act of Law 424/1991 Coll., on association in political parties and political movements Act of Law No. 424/1991 Coll., of October
More informationLAW ON PROVIDING FAST MONEY TRANSFER SERVICES (unofficial fair copy) 1 I. GENERAL PROVISIONS
LAW ON PROVIDING FAST MONEY TRANSFER SERVICES (unofficial fair copy) 1 I. GENERAL PROVISIONS Article 1 This Law shall regulate the manner and the terms and conditions for providing fast money transfer
More informationPolicies to Support Small and Medium Businesses
Policies to Support Small and Medium Businesses Ing. Petr Očko, Ph.D. Director of the EU Funds, Research and Development Section, MIT 6 March 2012 U.S.-Czech Innovation Conference, Prague Agenda 1. Operational
More informationACT ON COLLECTIVE INVESTMENT
ACT ON COLLECTIVE INVESTMENT The full wording of Act No. 594/2003 Coll. on collective investment, as amended by Act No. 635/2003 Coll., Act No. 747/2004 Coll., Act No. 213/2006 Coll., Act No. 209/2007
More informationAct on Insurance. The National Council of the Slovak Republic has adopted the following Act: SECTION I PART ONE GENERAL PROVISIONS
Act on Insurance Full wording of Act No 8/2008 Coll. of 28 November 2007 on Insurance and on amendments and supplements to certain laws, as amended by Act No 270/2008 Coll., Act No 552/2008 Coll., Act
More informationTHE FOREIGN EXCHANGE ACT
THE FOREIGN EXCHANGE ACT The full wording of Act of the National Council of the Slovak Republic No. 202/1995 Coll. dated 20 September 1995, the Foreign Exchange Act and the act amending and supplementing
More informationAid to make good the damage caused by natural disasters (Article 107(2)(b) TFEU) Checklist for Member States
EUROPEAN COMMISSION Competition DG Aid to make good the damage caused by natural disasters (Article 107(2)(b) TFEU) Checklist for Member States Document version: October 2013 Article 107(2)(b) of the Treaty
More informationMINISTRY OF FOREIGN AFFAIRS AND EUROPEAN INTEGRATION CROATIAN PARLIAMENT
CROATIAN PARLIAMENT 3136 Pursuant to Article 88 of the Constitution of the Republic of Croatia, I hereby issue the DECISION PROMULGATING THE ACT ON AMENDMENTS TO THE COMPANIES ACT I hereby promulgate the
More informationHome Savings Act. The Slovak National Council has approved the following Act: P A R T O N E. Basic Provisions. Article 1
Home Savings Act The full wording of Act of the National Council of the Slovak Republic No. 310/1992 Coll. of 6 May 1991, Home Savings Act, as amended by Act of the National Council of the Slovak Republic
More informationDECREE No. 474/2013 Coll. of 23 December 2013
DECREE No. 474/2013 Coll. of 23 December 2013 on the remuneration of liquidators, forced administrators and insolvency administrators of some service providers on the capital market and on the reimbursement
More informationPurchasing conditions of business companies:
Purchasing conditions of business companies: BOSCH DIESEL s.r.o. with registered office at Jihlava, Pávov 121, Post Code 586 01 Registration Number 469 95 129 Registered in the Commercial Register administered
More informationR E P U B L I C O F A R M E N I A L A W
R E P U B L I C O F A R M E N I A L A W ON JOINT-STOCK COMPANIES - YEREVAN 2001-1 REPUBLIC OF ARMENIA LAW ON JOINT-STOCK COMPANIES CHAPTER I. GENERAL PROVISIONS Article 1. Objectives and Scope of Law 1.
More information1. Purpose of the scheme:
Please note: this is an unofficial translation provided for your information only and does not have any legally binding effects, only the original French version is legally binding. Framework scheme exempt
More informationLatvian Central Depository Regulation No. 15 On DVP settlement in foreign currencies
Latvian Central Depository Regulation No. 15 On DVP settlement in foreign currencies APPROVED by Latvian Central Depository Supervisory Board Meeting on February 27, 2004 AMENDMENTS APPROVED On 29.05.2007.;
More informationFact Sheet No.14 Corporate Tax and Depreciation
14. Corporate Tax and Depreciation Corporate income tax is levied on income from the worldwide operations of Czech tax residents and on Czech-source income of Czech tax non-residents. Czech tax residents
More information4. Government or statutory bodies authorised to implement the Scheme. The implementing body is the Department for Communities and Local Government.
Subject: State Aid United Kingdom The English Property Development State Aid Scheme 1. Member State United Kingdom 2. Regions East Midlands; Eastern; London; North East; North West; South East; South West;
More informationPurchasing conditions
Purchasing conditions of business companies: BOSCH DIESEL s.r.o. with registered office at Jihlava, Pávov 121 Post Code 586 01 Registration Number 469 95 129 Registered in the Commercial Register administered
More informationLaw of the Republic of Azerbaijan on Non-Banking Credit Institutions
Law of the Republic of Azerbaijan on Non-Banking Credit Institutions This Law regulates establishment, management and activities of non-bank credit institutions with purpose of more thoroughly meeting
More informationThe Warsaw Stock Exchange Rules
(text consolidated at 20 June 2012)* * 1) The Rules adopted by the Supervisory Board by Resolution No. 1/1110/2006 dated 4 January 2006, as amended by the Exchange Supervisory Board: - by Resolution No.
More informationCHAPTER I I. Formation of a limited liability company CHAPTER I. GENERAL PROVISIONS
Law of the Republic of Kazakhstan dated April 22, 1998 220-I On limited liability companies and additional liability companies (with alterations and amendments as of 29.12.2014) CHAPTER I. General provisions
More informationNOTICE ON CONVENING OF THE ANNUAL GENERAL MEETING
NOTICE ON CONVENING OF THE ANNUAL GENERAL MEETING The Board of Directors of the joint-stock Company ČEZ, a. s., with its registered office in Prague 4, Duhová 2/1444, Postal Code 140 53, registration number:
More informationKAZAKHSTAN LAW ON JOINT STOCK COMPANIES
KAZAKHSTAN LAW ON JOINT STOCK COMPANIES Important Disclaimer This does not constitute an official translation and the translator and the EBRD cannot be held responsible for any inaccuracy or omission in
More informationAct on Supplementary Pension Saving
Act on Supplementary Pension Saving The full text of the Act No. 650/2004 Coll., dated 26 October 2004, on supplementary pension saving, as amended by Act No. 747/2004 Coll., Act No. 584/2005 Coll., Act
More informationRules Of Registration And Delegation Under The Domain Name Regulations
Rules of Domain Name Registration in ENUM Valid from October 1, 2007 1. INITIAL PROVISIONS 1.1. This document specifies Rules of Registration and delegation of second and lower level Domain Names under
More informationRegistration of Credit Institutions and the Licensing of Banking Activities
Registration of Credit Institutions and the Licensing of Banking Activities The procedures for registering credit institutions and licensing banking operations, verifying the legitimacy of shareholding
More informationGeneral Contractual Terms and Conditions of KRÁLOVOPOLSKÁ SLÉVÁRNA, s.r.o.
General Contractual Terms and Conditions of KRÁLOVOPOLSKÁ SLÉVÁRNA, s.r.o. 1. General provisions 1.1. These terms and conditions (TC) govern the sale of products and services (hereinafter as goods ) of
More informationVAT in the European Community APPLICATION IN THE MEMBER STATES, FACTS FOR USE BY ADMINISTRATIONS/TRADERS INFORMATION NETWORKS ETC.
EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Indirect Taxation and Tax administration VAT and other turnover taxes VAT in the European Community APPLICATION IN THE MEMBER STATES,
More informationACT ON LIABILITY FOR NUCLEAR DAMAGE
ACT ON LIABILITY FOR NUCLEAR DAMAGE Published in the Official Gazette of the Republic of Slovenia - International Treaties, No. 77/2010 UNOFFICIAL TRANSLATION I. GENERAL PROVISIONS Article 1 (Contents)
More informationct A Insolvency Act Insolvency ISBN 978-80-7357-681-3
Insolvency Act Insolvency Act Insolvency Act Example of quotation: Insolvency Act. Prague : Wolters Kluwer ČR, a. s., 2011, p. 216. Legal state of the publication as of 31 th August 2011. Updated version
More informationGENERAL INSURANCE CONDITIONS D
EXPORTNÍ GARANČNÍ A POJIŠŤOVACÍ SPOLEČNOST, a.s. GENERAL INSURANCE CONDITIONS D For Insurance of an Export Buyer Credit Against the Risk of Non Payment Obchodní strategie Exportní garanční a pojišťovací
More informationSwedbank, AB payment services provision conditions
Swedbank, AB payment services provision conditions 1. TERMS 1.1. Terms used in these Swedbank, AB Payment Services Provision Regulations have the following meanings: 1.1.1. Personal Data means any information
More informationLAW ON PLEDGE OF MOVABLE ASSETS REGISTERED IN THE PLEDGE REGISTRY I. GENERAL PROVISIONS
LAW ON PLEDGE OF MOVABLE ASSETS REGISTERED IN THE PLEDGE REGISTRY (Published in the Official Gazette of the Republic of Serbia No. 57/03, 61/05, 64/06) I. GENERAL PROVISIONS Subject Matter of the Law Art.
More informationon Electronic Signature and change to some other laws (Electronic Signature Act) The Parliament has hereby agreed on this Act of the Czech Republic:
227/2000 Coll. ACT of 29 th June 2000 on Electronic Signature and change to some other laws (Electronic Signature Act) Amendment: 226/2002 Coll. Amendment: 517/2002 Coll. Amendment :440/2004 Coll. Amendment:
More informationTHE CROATIAN PARLIAMENT. Pursuant to Article 89 of the Constitution of the Republic of Croatia, I hereby issue the DECISION
THE CROATIAN PARLIAMENT 1456 Pursuant to Article 89 of the Constitution of the Republic of Croatia, I hereby issue the DECISION PROMULGATING THE ACT ON SETTLEMENT FINALITY IN PAYMENT AND FINANCIAL INSTRUMENTS
More informationRegulation on the implementation of the Norwegian Financial Mechanism 2009-2014
Regulation on the implementation of the Norwegian Financial Mechanism 2009-2014 adopted by the Norwegian Ministry of Foreign Affairs pursuant to Article 8.8 of the Agreement between the Kingdom of Norway
More informationSupport of Research, Development and Innovation
Support of Research, Development and Innovation Ing. Martin Štícha Ministry of Industry and Trade Experience of MIT with operational programmes OP PIK OPPP 2004-2006 Emphasis on development subsidies +
More informationAssistance to Small and Medium-Sized Undertakings Regulations, 2008. ERDF e-business Development Grant
INCENTIVE GUIDELINES Thematic: SME Development Regulation: Assistance to Small and Medium-Sized Undertakings Regulations, 2008 Title of Incentive: ERDF e-business Development Grant Scheme Issue Date: 15
More informationACT ON PAYMENT SERVICES
492 ACT ON PAYMENT SERVICES The full text of Act No 492/2009 Coll. on payment services and on amendments to certain laws, as amended by Act No 130/2011 Coll., Act No 394/2011 Coll., Act No 520/2011 Coll.,
More informationRules and Regulations
Rules and Regulations Article 1 Objectives 1.1 The Call For Entrepreneurship is a systematic and agile process for the assessment of projects for capital venture investment within the scope of Portugal
More informationASV výrobní družstvo, Školní 71, CZ - 517 01 Solnice. General Commercial Terms and Conditions No. 1.1
1 2 ASV výrobní družstvo, Školní 71, CZ - 517 01 Solnice General Commercial Terms and Conditions No. 1.1 issued in accordance with Sec. 273 of the Commercial Code No. 513/1991 Coll. as amended Introductory
More informationVPO NOK Rules. Rules for the Central Securities Settlement. in Norwegian Kroner
Entry into force: 29. April 2015 Version: 1.1 Published 27. April 2015 VPO NOK Rules Rules for the Central Securities Settlement in Norwegian Kroner This document is a translation from the original Norwegian
More informationOfficial Journal of the European Union
L 132/32 COMMISSION IMPLEMTING REGULATION (EU) No 447/2014 of 2 May 2014 on the specific rules for implementing Regulation (EU) No 231/2014 of the European Parliament and of the Council establishing an
More information424/1991 Official Gazette. THE LAW on association within political parties and political movements of October 2 nd 1991
Copyrighted translation. Please cite: www.partylaw.leidenuniv.nl Source: http://www.nssoud.cz/zakony/424_1991.pdf (Accessed: August 2012) ASPI System status on 22.01.2012 up to chapter 8/2012 of the Official
More informationNATIONAL PAYMENT SYSTEM ACT
(official gazette Narodne novine, No. 117/2001) NATIONAL PAYMENT SYSTEM ACT I GENERAL PROVISIONS Article 1 This Act shall regulate the functioning of the national payment system. Article 2 "Payment system"
More informationUnited Nations Convention on the Assignment of Receivables in International Trade
United Nations Convention on the Assignment of Receivables in International Trade UNITED NATIONS UNITED NATIONS CONVENTION ON THE ASSIGNMENT OF RECEIVABLES IN INTERNATIONAL TRADE UNITED NATIONS New York,
More informationLAW ON FOREIGN EXCHANGE OPERATIONS
LAW ON FOREIGN EXCHANGE OPERATIONS This Law shall govern: (Consolidated) 1 I. BASIC PROVISIONS Article 1 1) payments, collections and transfers between residents and non-residents in foreign means of payment
More informationAgreement on the Registration of Security Issues in Central Securities Register
Agreement on the Registration of Security Issues in Central Securities Register Centrální depozitář cenných papírů, a.s., with registered office at Praha 1, Rybná 14, ID No. 25081489, Entered in the Commercial
More informationG E N E R A L C L A I M I N G R U L E S of Telefónica O2 Czech Republic
G E N E R A L C L A I M I N G R U L E S of Telefónica O2 Czech Republic as amended with the Amendment No. 1 as of 1 July 2006 Opening clause... 2 Definition of terms... 2 Limitation of responsibility...
More informationon reporting by payment institutions, small-scale payment service providers and electronic money institutions to the Czech National Bank
DECREE No. 375/2009 Coll., of 23 October 2009 on reporting by payment institutions, small-scale payment service providers and electronic money institutions to the Czech National Bank Pursuant to Article
More informationMinistry of Education ACADEMIC RESEARCH FUND TIER 2
Ministry of Education ACADEMIC RESEARCH FUND TIER 2 s for Universities and Principal Investigators Approved on 01 Aug 08 1 Academic Research Fund Tier 2 CONTENTS 1. Introduction...3 2. Application and
More informationThe Warsaw Stock Exchange Rules
The Warsaw Stock Exchange Rules (text according to legal condition at 1 June 2015)* *The Warsaw Stock Exchange Rules adopted in Resolution No. 1/1110/2006 of the Exchange Supervisory Board dated 4 January
More informationACT ON BANKS. The National Council of the Slovak Republic has adopted this Act: SECTION I PART ONE BASIC PROVISIONS. Article 1
ACT ON BANKS The full wording of Act No. 483/2001 Coll. dated 5 October 2001 on banks and on changes and the amendment of certain acts, as amended by Act No. 430/2002 Coll., Act No. 510/2002 Coll., Act
More informationInvestment Property and the Right of Ownership
Adopted on 22.12. 2010 THE LAW OF THE REPUBLIC OF ARMENIA ON INVESTMENT FUNDS The purpose of this Law is to protect the interests of investors and ensure that a proper collective investment scheme is developed,
More informationRegulation on the implementation of the European Economic Area (EEA) Financial Mechanism 2009-2014
the European Economic Area (EEA) Financial Mechanism 2009-2014 adopted by the EEA Financial Mechanism Committee pursuant to Article 8.8 of Protocol 38b to the EEA Agreement on 13 January 2011 and confirmed
More informationSupplementary materials
Supplementary materials XX Merger, transformation and dissolution of business entities The dissolution of business entities is described within the Companies Law. Examples of dissolution provided by the
More informationCall for Entrepreneurship Rules and Regulations
Call for Entrepreneurship Rules and Regulations ARTICLE 1 Objectives 1.1 The Call for Entrepreneurship is a systematic and agile process for the assessment of projects for capital venture investment within
More informationLAW ON BANKRUPTCY AND LIQUIDATION OF BANKS AND INSURANCE COMPANIES ( Official Gazette of the RoS, nos. 61/2005, 116/2008 and 91/2010)
LAW ON BANKRUPTCY AND LIQUIDATION OF BANKS AND INSURANCE COMPANIES ( Official Gazette of the RoS, nos. 61/2005, 116/2008 and 91/2010) I. GENERAL PROVISIONS Article 1 This Law defines the terms and proceedings
More informationPRODUCT BUSINESS TERMS AND CONDITIONS FOR LOANS OF UNICREDIT BANK CZECH REPUBLIC AND SLOVAKIA, A.S.
PRODUCT BUSINESS TERMS AND CONDITIONS FOR LOANS OF UNICREDIT BANK CZECH REPUBLIC AND SLOVAKIA, A.S. PRODUCT BUSINESS TERMS AND CONDITIONS FOR LOANS OF UNICREDIT BANK CZECH REPUBLIC AND SLOVAKIA, A.S. TABLE
More informationInvestment Suppport in the Czech Republic. How to Proceed in the Initial Phase. 12 September, 2012
Investment Suppport in the Czech Republic How to Proceed in the Initial Phase 12 September, 2012 The Association for Foreign Investment is a non-governmental non-profit organisation. The AFI was established
More informationRules of Alternative Trading System organised by the BondSpot S.A.
Rules of Alternative Trading System organised by the BondSpot S.A. The Rules adopted by the Management Board by Resolution No. 103/2009 dated 4 November 2009, as amended by the Management Board: by Resolution
More informationTHE AUDITOR, PROVISION OF AUDIT SERVICES, CHAMBER OF AUDITORS OF THE CZECH REPUBLIC
ACT NO. 254/2000 on Auditors The Parliament enacted this Act of the Czech Republic: PART ONE THE AUDITOR, PROVISION OF AUDIT SERVICES, CHAMBER OF AUDITORS OF THE CZECH REPUBLIC TITLE I INTRODUCTORY PROVISIONS
More informationLaw on Deposit Insurance. ( Official Gazette of the RoS, Nos. 61/2005, 116/2008 and 91/2010) I BASIC PROVISIONS. Article 1
Law on Deposit Insurance ( Official Gazette of the RoS, Nos. 61/2005, 116/2008 and 91/2010) I BASIC PROVISIONS Article 1 This Law regulates the statutory insurance of Deposits of natural persons, Entrepreneurs
More informationTHE STOCK EXCHANGE ACT
THE STOCK EXCHANGE ACT Complete wording of the Act on the Stock Exchange of 18 June 2002 No 429/2002 Coll. as results from amendments made by Act No 594/2003 Coll., Act No 635/2004 Coll., Act No 43/2004
More informationRestructuring/Insolvency Newsletter Recent Changes in Restructuring and Insolvency Law
Restructuring/Insolvency Newsletter Recent Changes in Restructuring and Insolvency Law 18 December 2015 Greece has lately reformed its national restructuring and insolvency law to improve the existing
More informationTMF Group Croatia Amendments of the General Tax Act are now in force
TMF Group Croatia Amendments of the General Tax Act are now in force The General Tax Act amendments came into effect on 17 March 2015. Please find below the most important changes: The definition of a
More informationIntra-day payment Frequently asked questions
Intra-day payment Frequently asked questions Contents 1. THE MEANING, advantages and scope of intra-day payment... 3 1.1. What does the launch of intra-day payment mean?... 3 1.2. What advantages does
More informationPAYMENT SERVICES AND SYSTEMS ACT (ZPlaSS) CHAPTER 1 GENERAL PROVISIONS SUBCHAPTER 1 CONTENT OF THE ACT. Article 1. (scope)
Legal notice All effort has been made to ensure the accuracy of this translation, which is based on the original Slovenian text. All translations of this kind may, nevertheless, be subject to a certain
More informationELECTRICITY SUPPLY/ TRADE LICENSE KORLEA INVEST A.S
Hamdi Mramori Street, No 1 Prishtina 10000 Kosovo Tel: +381 (0) 38 247 615 ext. 103 Fax: +381 (0) 38 247 620 e-mail: info@ero-ks.org www.ero-ks.org ELECTRICITY SUPPLY/ TRADE LICENSE GRANTED TO: KORLEA
More informationCompany Agreement for airline services. Between. The Customer and Scandinavian Airlines System Denmark-Norway-Sweden
Company Agreement for airline services Between The Customer and Scandinavian Airlines System Denmark-Norway-Sweden 1 Contents 1 Company Agreement for airline services...3 1.1 Content and scope of the Agreement...3
More informationTax incentives for individual investors (business angels)
Tax incentives for individual investors (business angels) Law no. 120/2015 regarding the inducement for individual investors business angels, published in the Official Gazette no. 382 of 2 June 2015 The
More informationRegulation of the Accounting in the Czech Republic
International Review of Business Research Papers Vol. 3 No.4 October 2007 Pp.317-326 Regulation of the Accounting in the Czech Republic Jiri Strouhal* This paper deals with the evolution of the regulation
More informationTHE LAW ON SPECIAL MODALITIES FOR TAX DEBT SERVICING 1
THE LAW ON SPECIAL MODALITIES FOR TAX DEBT SERVICING 1 Article 1 This Law shall govern special modalities and procedure for tax debt servicing. Article 2 This Law aims to alleviate the financial position
More informationACT of 27 May 2004 on Investment Funds 1. Part I General Provisions
The present English text is furnished for information purposes only. The original Polish text published in the Journal of Laws is binding in all respects. ACT of 27 May 2004 on Investment Funds 1 Part
More informationEXPLANATORY MEMORANDUM TO THE DEBT RELIEF ORDERS (DESIGNATION OF COMPETENT AUTHORITIES) (AMENDMENT) REGULATIONS 2009. 2009 No.
EXPLANATORY MEMORANDUM TO THE DEBT RELIEF ORDERS (DESIGNATION OF COMPETENT AUTHORITIES) (AMENDMENT) REGULATIONS 2009 2009 No. 1553 1. This explanatory memorandum has been prepared by the Department for
More informationA programme of the National Centre for Research and Development
A programme of the National Centre for Research and Development GO_GLOBAL.PL Increasing the scale of commercialisation of research results or development works of Polish companies on global markets 1.
More informationAct on Compulsory Contractual Motor Vehicle Third Party Liability Insurance
Act on Compulsory Contractual Motor Vehicle Third Party Liability Insurance The full wording of Act No. 381/2001 Coll. dated 4 September 2001 on compulsory contractual motor vehicle third party liability
More informationGENERAL BUSINESS CONDITIONS
Raiffeisenbank a.s., registered office: Hvězdova 1716/2b, 140 78 Prague 4, company ID number: 49240901, registered in the Commercial Register kept by the Municipal Court in Prague, Section B, Insert 2051
More informationBUSINESS TERMS AND CONDITIONS FOR THE PROVISION OF LOANS SECURED BY REAL ESTATE TO NATURAL PERSONS NON-ENTREPRENEURS. Article 1 Basic Provisions
BUSINESS TERMS AND CONDITIONS FOR THE PROVISION OF LOANS SECURED BY REAL ESTATE TO NATURAL PERSONS NON-ENTREPRENEURS Article 1 Basic Provisions 1. These Business Terms and Conditions for the Provision
More informationOF THE REPUBLIC OF ARMENIA ON LIMITED LIABILITY COMPANIES
LAW OF THE REPUBLIC OF ARMENIA Adopted on October 24, 2001 CHAPTER 1. GENERAL PROVISIONS Article 1. Scope of the Law This law regulates the legal relationships arising from establishment, activity, reorganization
More informationSCOPE OF APPLICATION AND DEFINITIONS
Unofficial translation No. 398/1995 Act on Foreign Insurance Companies Issued in Helsinki on 17 March 1995 PART I SCOPE OF APPLICATION AND DEFINITIONS Chapter 1. General Provisions Section 1. Scope of
More informationCIVIL CODE OF AZERBAIJAN. (unofficial translation)
CIVIL CODE OF AZERBAIJAN (unofficial translation) Article 87. Limited Liability Company 87.1. A limited liability company means company established by one or more persons (natural persons and (or) legal
More informationBonds Placement in the Czech Republic
Corporate Action Notice Disclosure of Price Sensitive Information for the Issued Securities, according to the Issuer s opinion 1. General Information 1.1. Issuer s full name Limited liability company Aeroexpress
More informationLAW OF THE REPUBLIC OF TAJIKISTAN ON LIMITED LIABILITY COMPANIES
LAW OF THE REPUBLIC OF TAJIKISTAN ON LIMITED LIABILITY COMPANIES CHAPTER 1. GENERAL PROVISIONS CHAPTER 2. FOUNDATION OF LIMITED LIABLITY COMPANY CHAPTER 3.AUTHORIZED CAPITAL OF A COMPANY CHAPTER 4. PROPERTY
More informationPRODUCT BUSINESS TERMS AND CONDITIONS FOR TRADING IN DOMESTIC SECURITIES OF UNICREDIT BANK CZECH REPUBLIC AND SLOVAKIA, A.S.
PRODUCT BUSINESS TERMS AND CONDITIONS FOR TRADING IN DOMESTIC SECURITIES OF UNICREDIT BANK CZECH REPUBLIC AND SLOVAKIA, A.S. (hereinafter referred to as the Product Business Terms and Conditions ) 1. DEFINITION
More informationGENERAL TERMS OF ORDERS AND DEFINITIONS FOR A PROFESSIONAL INVESTOR. April 2007
1 I. SCOPE OF APPLICATION OF THE GENERAL TERMS OF ORDERS AND DEFINITIONS 1 Purpose and scope of application of the Terms of Orders These Terms of Orders shall be applied to the Order Relationship on the
More informationEmployment in Poland 2012
BRIEFING NOTE Employment in Poland 2012 1. Employment Cost 2. Legal System 3. Employer s obligations 4. Types of employment contract 5. Working time 6. Holiday 7. Sick pay 8. Parenthood rights 9. Mass
More information