25. 7. 2022

Provisions of the Czech Civil Code on laesio enormis (Sections 1793-1795) shall not apply to (company) share transfers, irrespective whether listed on an (European) regulated market. This is the judgment of the Czech Supreme Court of 16 March 2021, case No. 27 Cdo 451/2012, published in the Collection of Court Judgments and Opinions under No. 17/2022. As a consequence, neither the buyer nor the seller is able to challenge the transfer and seek cancellation of the share transfer agreement arguing that value of the shares is grossly disproportionate to the purchase price.