European Commission Presents Omnibus I and II legislative packages
The proposals have generated a great deal of interest among companies. If the proposals are adopted, up to 80% of companies that were to be subject to sustainability reporting will be exempted from this obligation, while those companies that remain under the obligation will be given more time to comply.
Taxonomic reporting will remain an obligation for large companies only. The requirement to demonstrate sustainability due diligence in the supply chain is to be systematically targeted at direct business partners.
Moreover, it is proposed to exempt up to 90% of importers from CBAM - the carbon border offsetting mechanism.
While some fear that the proposed legislation will undermine the sustainability objectives themselves through oversimplification, others claim that it is a return to the original purpose of ESG and carbon footprint measuring as a management tool for analysing risks and opportunities.
It is important to remember that these are still only proposals that will have to be discussed by the European Parliament and the Council. In the end, the final form may differ from the proposals.
Other articles
KŠB secures landmark Supreme Court ruling on size premiums in squeeze-out valuations
Kocián Šolc Balaštík (KŠB) has obtained a significant victory before the Czech Supreme Court in a dispute over the fairness of the consideration paid to minority shareholders in Léčebné lázně Mariánské Lázně a.s. In its judgment in case no. 27 Cdo 1678/2025, the Court dismissed the claimants’ appeal and upheld the lower courts’ decisions. KŠB lawyers Radka Felgrová and Vlastimil Pihera represented the company and its majority shareholder.
KŠB advises on the sale of a majority stake in Znakon Group to enteria
KŠB provided legal advice on the sale of a 75% stake in Znakon, Znakon Asfalt and Znakon Servis to enteria, a Pardubice-based group and one of the Czech Republic’s largest construction holdings.
KŠB Runs for a Good Cause
On Tuesday, 8 September three teams from KŠB took part in the eighth annual Good Will Run organised by the Olga Havel Foundation in Prague’s Hvězda Park. Proceeds from the entry fees will go towards supporting families facing difficult circumstances due to serious illness, loss of housing or domestic violence.
