European order for payment
European order for payment procedure simplifies the procedure for recovery ofuncontested civil and commercial claims (i.e. claims where there is no disputeover whether the pecuniary claim is based on sufficient merits of the case)between the Member States. The system introduced by Regulation (EC) No.1896/2006 of 12 December creating a European order for payment procedure shallallow the enforcement of uncontested payments using an EU-wide standardprocedure and avoid the necessity of dealing with unfamiliar legal procedures inforeign countries, since it shall be directly enforceable in all Member States(except for Denmark which opted out) with no further exequatur or procedurerequired. The Regulation comes into force on 12 December 2008.
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.
