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AUC IURIDICA, Vol 68 No 3 (2022), 37–47
The Business Judgment Rule in the Czech Republic
Lucie Josková
DOI: https://doi.org/10.14712/23366478.2022.34
published online: 14. 09. 2022
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.
keywords: business judgment rule; duty of care; duty of loyalty; director; company
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