Don't send out invitations to the general meeting at the last minute! (especially before Christmas)

Are you preparing a general meeting in your company? Then make sure that invitations are sent to all shareholders well in advance. According to a recent judgment of the High Court in Prague, if the chosen postal service provider delivers the invitation to the general meeting to the shareholder late, the company is liable for its late delivery.

Consequently, the general meeting, and therefore all decisions taken at the meeting, may be declared invalid by the court due to the late delivery of the invitation to the shareholder despite the fact that the company sent it on time. Although this decision may be overturned or reversed by the Supreme Court in the future, it is now necessary to exercise greater caution when convening a general meeting.