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Czech Republic

In the Czech Republic, the law on employee involvement in the European Company was adopted in December 2004.

COUNTRY OVERVIEW

No substantial national debate on transposition.

For further information on the SE legislation, such as the choice of SNB members, click on the more button.

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The Open Debate about the Challenges Related to SE Foundation

According to the government department responsible for social welfare and the oversight of employers and trade unions, the foundation of SEs and their incorporation into the Czech legal system represents a new and very important step aiming at the better functioning of the Single Market and supporting one of the fundamental freedoms of the EU, freedom of movement. The companies which are trying to profit from the extended EU market will by means of the SE be able to avoid the complicated and financially burdensome issues facing their subsidiaries, each subject to national legislation. They will be able to relocate their headquarters within the EU without having to dissolve and re-incorporate. The SE Regulation did not take effect in the Czech Republic until October 2004, and the Czech executive law on the SE has not yet been approved, although it was again discussed at the 16 November 2004 legislative assembly and will be considered for adoption soon. This is why no SE has been established in the Czech Republic and the regulation has had no concrete outcome so far.

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Translated transposition laws 

The full text of the transposition laws and (for most countries) unofficial translations into English can be downloaded from the EU Commission website

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Lionel Fulton (2006) Anchoring the European Company in national law