Disclosure of contracts

Date: 20.12.2015

A new legal regulation will soon come in force that will influence period of validity of some contracts. Namely it is thanks to Act No. 340/2015 Coll., on Special Conditions for the Effectiveness of Certain Contracts, Disclosure of These Contracts and the Register of Contracts (Act on the Register of Contracts) that comes into force on 1 July 2016. The Register of Contracts maintained by the Ministry of the Interior on the public administration portal serves at present as an information system enabling remote access free of charge. Besides other things, the new law describes exceptions to the disclosure, the method, and consequences. Time will show if the disclosure of contracts helps us in fight against corruption or it is just another bureaucratic measure.