Markéta Selucká

Elimination of the Impacts of Financial Crisis on Legal Relationships According to Czech Private Law

The growing interconnectedness of global economies helped to spread the effects of the financial crisis to many different areas of human life. Among many other things, it also effected the civil law relationships. In this paper, the author introduced several areas of Czech civil law which had to reflect the circumstances brought about by the financial crisis. This paper investigates the “change of circumstances” which may lead to termination or alteration of an existing legal relationship according to Czech law. Considering the possibilities that law offers to the contractual parties heavily affected by financial crisis, the author reminds us that the effects of financial crisis on private-law relationships should be considered especially with solidarity in mind.

New Czech Civil Law in Light of Human Rights

Protection of human rights is an important element of private law in the Czech Republic. Over the past few years, there has been a large recodification of private law in the Czech Republic. The core law of the Czech private law is the Act No 89/2012, i.e. the new Civil Code. In our paper, we explain that there are embodied many provisions whose purpose is to protect human rights in the new Civil Code. In some cases, the drafters of the new Civil Code were inspired by the European standards. However, there are areas which, in our opinion, should be amended so that the human rights would enjoy more protection. In our paper, we cover several areas of Czech private law and highlight some areas in which protection of human rights is reflected.