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CSK-1990-L-20313
Breadcrumb
Title_of_text
Enterprise with Foreign Property Participation Act of 19 April 1990.
Main Region
First Region
Country(ies)
Czechoslovakia (former)
Subjects (Classification)
Economic and social policy
Adopted on (Date of text)
1990-04-19
Type of legislation (Type of text)
Law, Act
Second Region
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.
Entry dates region
Date of entry into force
1990-05-01
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Serial region
Serial title
Acts on Economic Relations with Foreign Countries...
Date
1990
Page range
pp. 40-47
Serial title
Published by the Czechoslovak Chamber of Commerce and Industry.