The Business Judgment Rule in the Czech Republic
The Business Judgment Rule in the Czech Republic
Author(s): Lucie JoskováSubject(s): Law, Constitution, Jurisprudence
Published by: Univerzita Karlova v Praze, Nakladatelství Karolinum
Keywords: business judgment rule; duty of care; duty of loyalty; director; company
Summary/Abstract: Business Judgment Rule has been part of the Czech written law since 2014. Nevertheless, there are many controversies regarding its formulation as well as interpretation. The objective of this paper is to analyse the purpose of BJR and based on this to suggest pre-requisites which must be fulfilled to apply BJR. At the same time the impact of the introduction of BJR into written law is examined.
Journal: Acta Universitatis Carolinae Iuridica
- Issue Year: 68/2022
- Issue No: 3
- Page Range: 37-47
- Page Count: 11
- Language: English
