Abstract:

The change in the social structure in november 1989 has brought many significant changes. It was mainly the change of the type of economics of state from planned to market-oriented that had the consequence of the necessity to adopt an act that would regulate comprehensively certain type of entrepreneurship. The common czechoslovak legislator accepted the requirements of society and approved two codexes that regulated comprehensively the issue of entrepreneurship in the former Czechoslovakia. It was Commercial Code and The Trade Licensing Act. However, the aim of this paper is only the review of trade entrepreneurship mainly by means of the analysis of case-law, professional literature and legislations. In this field, there is a significant absence in research and scientific performace in the field of law and economy despite its undeniable importance in commercial sphere. Confirmation or denial of the hypothesis of the necessity to approve the new trade licensing act represents the main aim of this paper that preferably points at the field of commercial law with the significant laps to civil and administrative law.