Problems with the transparency of bearer shares in the Czech Republic

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F13%3A00074801" target="_blank" >RIV/00216224:14560/13:00074801 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Problems with the transparency of bearer shares in the Czech Republic
Original language description
With the adoption of the new Civil Code and Trading Corporations Act, the Czech Republic is joining the trend which is seeing the liberalisation of the regulation of trading corporations. The new law relaxes the conditions governing business and the efficient management of trading corporations, and also provides adequate protection for the interests of creditors, minority shareholders, consumers, etc. [1]. Some of the many important, if not revolutionary, changes will be made in the field of securitiesand the rights of joint stock companies. However, doubts have been raised as to whether bearer shares in paper form may be left without further regulation and whether the absolute anonymity of shareholders structures may be permitted. The existence of anonymous ownership of joint stock companies carries the risk of an non-transparent environment in which corruption is rife.
Czech name
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Czech description
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Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Publication year
2013
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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