Promoting jobs, protecting people
NATLEX
Database of national labour, social security and related human rights legislation

Czechoslovakia (former) (274) > General provisions (36)

Name: Enterprise with Foreign Property Participation Act of 19 April 1990.
Country: Czechoslovakia (former)
Subject(s): Economic and social policy
Type of legislation: Law, Act
Adopted on: 1990-04-19
Entry into force:
Published on: Acts on Economic Relations with Foreign Countries..., 1990, pp. 40-47 (INFORM)
Published by the Czechoslovak Chamber of Commerce and Industry. (INFORM)
ISN: CSK-1990-L-20313
Bibliography: Acts on Economic Relations with Foreign Countries..., 1990, pp. 40-47 (INFORM)
Published by the Czechoslovak Chamber of Commerce and Industry. (INFORM)
Abstract/Citation: Amends the Enterprise with Foreign Property Participation Act, No. 173 of 1988. Under the new Act, foreigners may establish wholly-owned subsidiaries or purchase up to 100 per cent of an existing firm; investment may be made in stock corporations, limited liability companies, limited partnerships, general partnerships, and limited partnerships with shares; investment in "associations" (under an older act)is still permitted; and, for the first time, the Czechoslovak partner (if any) may be a natural person. The new Act also simplifies authorisation requirements, eliminates certain technical formalities and allows joint venture contracts to be governed by foreign law.

© Copyright and permissions 1996-2014 International Labour Organization (ILO) | Privacy policy | Disclaimer