Press releases

The Act of the Year Survey

The Results of the Best and Worst Legislative Act Survey

Prague, 19 May 2014 – This year’s edition of the Act of the Year and Flop of the Year survey now has its winners. In the Act of the Year category, entrepreneurs and experts most appreciated the recodification of private law: new public registers that should increase legal certainty in the field of real estate and public registers of legal and natural persons. By contrast, the Senate Ordinance referring to an amendment in the tax legislation in respect of the recodification of private law was seen as the worst legislative achievement of the year by entrepreneurs. The fifth year of the survey was organised by Ambruz & Dark Deloitte Legal in cooperation with the survey’s partners. Almost 200 significant Czech business firms took part in the voting.

The entrepreneurs who were invited to participate in the survey decided the winners of the Act of the Year and the Flop of the Year categories between 14 March and 9 May 2014 by voting at www.zakonroku.cz, based on the nominations of the nomination committee. The committee was made up of selected lawyers with various legal specialisations and other Czech business personalities. The goal of the survey is to foster discussion among Czech entrepreneurs, politicians and experts on the quality of the legal regulations adopted in the past year and on their impact on the Czech business environment as well as the quality of the legal environment in the Czech Republic in general.

“Neither of the two topics that gained the most votes was appreciated by entrepreneurs for the first time. The recodification of private law already received very good scores last year, and this time its accompanying legislation on public registers of real estate, corporations and natural persons was also appreciated. The entrepreneurs anticipate an increase in legal certainty and in the efficiency of  state administration. Also, the currently most criticised topic – the late-adopted and poor-quality tax legislation – has appeared several times before,” commented Tomáš Babáček from Ambruz & Dark Deloitte Legal, the chairman of the survey’s organisational committee. “Another legal achievement the entrepreneurs greatly appreciated, surprisingly perhaps, was state interference in the case of the market failure of a specific sector – state interference in certain conditions of providing telecommunication services in this case. I see this as a certain sign of abandoning the glorification of the invisible hand of the market from the nineties, and a call for the need for responsibility in business and for regulations created by entrepreneurs themselves in order to prevent the state from interfering,” added Tomáš Babáček.       

Contact:
Lukas Kropik
PR Manager
Deloitte CZ
+420 775 013 139
lkropik@deloittece.com

“I believe the survey has been contributing to improvements in the Czech business environment for years now, as it provides feedback to lawmakers from those who are most affected by the implementation of the legal regulations they produce,” added Vladimír Ambruz, an Ambruz & Dark Deloitte Legal partner. 

The Act of the Year Survey 2013 Results

 

Act of the Year 2013 – Best legislative achievement for the business environment

%

1.

The recodification of private law: new public registers

32,40%

2.

State interference in the case of market failure (regulation of telecommunication operators)

24,10%

3.

International cooperation in investigating tax evasion (agreements on the exchange of information in tax matters)

14,80%

4.

Improved insolvency regulations

14,80%

5.

Support of the functioning of the EU internal market (resolving consumer disputes online)

13,90%

 

 

Flop of the Year 2013 – worst legislative achievement for the business environment

%

1.

Poorly and late I: Tax legislation 

33,30%

2.

Poorly and late II: Tax on the acquisition of real estate

25,30%

3.

Inefficient legislative process lacking concept (the Public Procurement Act)

19,50%

4.

Much ado about (unfortunately) nothing: the strongly-publicised struggle to improve corporate transparency

11,50%

5.

Blanket repressive regulation (the alcohol trade)

10,30%

 

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