This thesis focuses on investments in real estate property in execution. Purchase of real estate property in execution is now increasingly used as a method of acquisition, as compared to buying real property through a real estate agents it holds several advantages. Nonetheless the risks associated with this form of investments should also be considered. This work contains the legal characterization of the real estate property, investment characteristics and the characteristics of enforcement proceedings relating to real estate property. The basic goal is to compare the purchase of real estate property through auction and purchase of real estate property through a realtor, as well as evaluating the advantages of individual modes of acquisition of real estate property. Part of the description of the individual modes of acquisition is a summary of the benefits and risks of both methods and identification of fundamental differences and commonalities. The main result of the work is to determine the financial benefits of the acquisition of real estate property at auction, based on the comparative analysis of prices of specific real estate property in the area.

The submitted paper focuses on information asymmetry in the area of investments in qualified investors' funds. The paper focuses on qualified investors' funds in the form of open-end mutual funds that allow the subscription of allotment certificates, i.e. they offer investment opportunities. The nature of qualified investors' funds allows, compared to standard funds, the execution of more venturous investment strategies, which, however, includes much higher risk connected to the information asymmetry. The paper is based on the assumption of information asymmetry between Investment Company and potential investors. The quality of the provided information is therefore critical; however, the investor cannot be expected to have the same knowledge of the fund as does the manager of the fund. The assumption of information asymmetry is based on the differences of interests of Investment Company and potential investor. Investor's interest is to maximize his own profit (net present value), but the interest of Investment Company is to maximize his profit (fee for managing the fund). The manager, maximizing the profit (his fee for managing the fund), may try to contort information towards the investor to "lure" him into an investment and thus achieve his goal. The objective of this dissertation paper is therefore the identification of risks connected to investing in QIF (qualified investors' funds) as result of the existence of IA (information asymmetry) on the side of the investor, qualitative analysis and proposal of measures leading to the elimination of IA. It's meant (in this paper) that information asymmetry is misrepresentation of information and also the incompleteness of information. The results are the basis for two outputs of this paper: investments recommendation for potential investors and information duties recommendation focused for Investment Companies. The aim of these outputs is to eliminate the influence of IA in the process of decision -- making of potential investors.

This thesis is divided into two parts. The first, or if the theoretical part deals with lighting term investments and investment decisions. It is classified in the individual investment in terms of finance and management, and there are defined basic investment phase of the pre-investment phase to the phase of completion and disposal. They are also in the analytical part, outlined the basic sources of investment financing and the methods by which the individual investments evaluated. It defines both the criteria and factors that decide on the implementation of the selected investments. The second part, a practical part focuses already on one particular company, the aim of this section is to compare the knowledge of theoretical and confirm or refute the decision about the effectiveness of selected investments directly for the company. It is an analysis of the impact of investments in the capital of the Company as well as its future benefits. In case of refusal, it is necessary to offer another form of corporate capital utilization.

No description available.

No description available.

No description available.

No description available.

No description available.

in English The Binding Effect of Arbitral Awards in International Investment Disputes The purpose of this thesis is to analyse binding effect an award has on parties to the dispute and most importantly on future tribunals. Further discussed is the de facto precedent and its development in international investment treaty arbitration. Theoretical research is supported by an empirical study of case law. The reason for my research is the existence of conflicting awards in international investment law which undermines legal certainty of investors and States. The thesis is divided into three parts. The first part is introductory and concerns with the general characteristics of international investment dispute. This part describes the system of bilateral treaties for the reciprocal encouragement of investment and the dispute mechanism in which investors are left with a choice before which body the dispute will be heard. The chapter then distinguishes two different perceptions of tribunals: the principal-agent relationship where tribunal acts only as an agent of parties to the dispute independent of other tribunals; and tribunal as an agent of parties and also agent of the whole investment community. The second chapter focuses on the binding nature of an award. It looks at the wording of ICSID Convention...

Práce se zabývá teorií investičního plánování a analýzou výhodnosti investování do nemovitostí prostřednictvím speciálních fondů kvalifikovaných investorů aplikovaných na vybranou firmu. Analyzuje ekonomickou podstatu těchto investic a otázky související s jejich výnosností a rizikem. V teoretické části je popsán proces investičního plánování projektu: jeho předinvestiční příprava i průběh realizace. Pro hodnocení efektivnosti investice jsou uvedeny vybrané ukazatele a metody měření efektivnosti. Nedílnou součástí investičního plánování je i zajištění financování, zde je uvažováno bankovní financování, jehož alternativou je právě fond kvalifikovaných investorů. V praktické části práce je popsány obchodní strategie vybrané firmy a její možná pozice na trhu rezidenčních nemovitostí. Jsou vyhodnoceny nejen finanční výkazy ale i výhodnost investování prostřednictvím fondu kvalifikovaných investorů. V této souvislosti jsou v práci zmíněna i nová pravidla nízké kapitalizace plynoucí z daňové reformy přijaté k 1. 1. 2008.