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Economic Transformation and Its Impact on Economic Crimes in the Czech Republic

Publication at Faculty of Law |
2015

Abstract

The co-authors describe the development of the property rights protection in the history of Czechoslovakia and subsequently Czech Republic, with particular emphasis on the transition from a planned economy of the communist Czechoslovakia to a free market economy of the democratic Czechoslovakia, i.e. the process of voucher privatization. After specifying the peculiarities of the privatization process, they discuss the topic of economic crimes, again drawing the line between the notion of economic criminality before and after the collapse of the communist regime.

Finally, they present their view that privatization has a significant impact on the growth of economic criminality. Furthermore, the co-authors embark on the assessment as to whether criminal law itself represents an appropriate tool for eliminating economic criminality by fighting the causes thereof.

Stressing the supplementary role of criminal law (ultima ratio principle), the co-authors conclude that economic criminality should be fought against also by instruments of other areas of law, such as commercial or administrative law.