This thesis examines the problem of impact of catastrophic natural events on insurance and reinsurance markets, with special focus on 2005 hurricane Katrina. It aims to analyze and evaluate the consequences of large scale economic loss on global insurance market. First part of the thesis describes the event and its implications. Impact on oil and gas industry and others is discussed. Main section is focused on repercussions of this event for both local and global insurance markets. Influence on selected subjects and new trends observable after Katrina are considered. Changes to alternative risk transfer instruments after 2005 are investigated.

The main aim of this thesis is to answer the question how the security of the Czech Republic was solved during the Cold War and after it, with the emphasis on the time period after 1989 and the development of the relationship between the Czech Republic and NATO. Special attention is drawn to the political discussion in the Czech Republic before its accession to NATO in 1999.

The thesis deals with the theoretical and practical aspects of reinsurance. In the theoretical part the types and forms of reinsurance cover are described including the advantages and disadvantages for each one of them. The thesis also describes the reinsurance from the legal point of view and the explanation of contract clauses is included. Special accounting treatment of reinsurance is described and at the end is the practical part which deals with mapping of processes in the reinsurance department.

The aim of this diploma thesis is to theoretically describe the risks connected to entrepreneurship. Stress is put mainly on financial risks that are related to price shifts of agricultural commodities and to changes in the exchange rates. The basis lies in theoretical identification of the nature of possible risks, methods of risk evaluation and description of instruments that serve for the risk elimination. This theoretical knowledge is further applied in case studies dealing with hedging of commodity and currency risks of firms that conduct business in agricultural basic industry. The analysis of firm's position, demonstration of hedging and final evaluation of efficiency are included.

Práce se začíná charakteristikou stavebnictví a jeho specifiky. Na začátku je rozebráná problematika zadávaní stavebních zakázek. V případě veřejné zakázky je ukázán systém hodnocení a kritériá hodnocení zakázek. V další části se diplomová práce věnuje zajištění investora(odběratele) a stavební společnosti (dodavatele). Jsou zde zhodnocené výhody a nevýhody různých zajišťovacích instrumentů, hlavně bankovní záruky. Důraz je kladen na fakturaci a placení stavebních zakázek a jejich různé varianty. V závěrečné části je analyzováná stavební zakázka, kterou realizovala společnost Skanska v letech 2002 a 2003.

Title Financial Security ANNOTATION The diploma work presented deals with financial security, i.e. with one of the methods of securing an obligation, as set out under the provision of Section 323a et seq. of Act No. 513/1991 Coll., The Commercial Code, as amended. In the work as a whole, I deal in detail, on the one hand, with description of the above- mentioned legal institution, financial security, in the form ascribed to it presently by the valid and effective legal regulations in the Czech Republic. Thus, I deal with the concept of financial security in our system of law, origin of the legal institution and its inclusion in the system of law of the Czech Republic, while defining the fundamental notions being necessary to study this part of the commercial law of the Czech Republic. Further, I address explanatory and interpretation problems of financial security, both in the light of the European Union's legal regulations, which are, if simplifying, a template for our legal regulations concerning financial security, and from the point of view of our reputable law specialists, who dealt with financial security in specialised publications, in particular in their commentaries on the Commercial Code, and in articles published in professional periodicals. Also I devote a significant part of this work to the...

Thesis deals with security characteristics, legislation, premiums and reinsurance treaty program. An important part of the thesis is to ensure the new arrangements. Here I highlighted the major changes that the new rules provide for entry into the field of insurance. Finally, the thesis focuses on the first specialized undertaking in the Czech Republic. Securing private insurance plays an irreplaceable role. Facilitates the distribution of insurance and reinsurance risks at the global level, increased insurance and reinsurance of the insurance and reinsurance capacity. Reinsurance is important because of the financial stability of insurance and reinsurance, it is an essential element in ensuring the financial soundness and stability of insurance markets.

This paper deals with the phenomenon of the financial collateral arrangements, under which parties transfer book-entry securities. It focuses on the legal questions link to the international element. Financial collateral arrangements typically occur in securities repurchase and securities lending. These transactions play important role in order to guarantee liquidity cash and proper functioning of capital markets in the European Union. Simultaneously, securities are no longer only of a tangible goods nature; instead they exists as electronic records in securities accounts. This is why conflicts of law issues have become so paramount. This study analyses the approach of Czech law to financial collateral arrangements. In particular, if the collateral is represented by a book-entry share, bond or fund unit. It pays attention to such a matter from the national as well as the harmonised EU perspective. On an EU level, such arrangements are primarily regulated by the Collateral Directive (FCAD). The Hague Convection on the Law Applicable to Certain Rights in Respect of Securities held with Intermediaries, which has had a profound impact on the notion of book-entry securities conflicts of law rules, is specifically discussed too. Both methods to provide financial collateral, i.e. the outright transfer and...

Contractual penalty under the Commercial Code Summary The theme of this Master's degree thesis is Contractual penalty under the Commercial Code. Author chose this topic because contractual penalty is important and very often-used institute through which parties to the contract can secure their obligations. This instrument should guarantee that the debtor would perform his main (primary) commitment to the creditor. If not, he may be punished for a breach of the contract even if there won't arise any damage (loss) on the creditor's side. This fact represents considerable advantage over other similar institutes. The study is focused on issues of contractual penalty in commercial relations, specifically in a situation when both parties to the contract are businessmen and they entered into agreement in connection with their business. However the legislation of the instrument is relatively brief (articles 544 and 545 of the Act No. 40/1964 Coll., The Civil Code and articles 300 to 302 of the Act No. 513/1991 Coll., The Commercial Code, which includes a special regulation for business relations), many questions and uncertainties can be found. Many of them were resolved by adjudications but there are still problematic aspects. Author focuses on their solutions and tries to give response, which will be satisfactory...

- Bank guaranty The thesis deals with the topic of bank guarantee and its legal regulation in the Czech legal system. The purpose of this thesis is to provide comprehensive characteristics of bank guarantee, both from theoretical and practical point of view. The thesis can be divided into tweleve chapters. The first chapter is the introduction a and the last chapters contains conclusion. Second chapter is focused on nature and function of securing instruments and their legal regulation in respective legislation. Third chapter compares bank guarantee with ordinary guarantee. Then includes historical development of bank guarantee and regulation of the instrument in the Commercial Code, in legislation of public law and in Uniform rules issued by International Chamber of Commerce. Fourth chapter is the focal point of the thesis. It explains relations between subjects participating in bank guarantee. These subjects are principal, benefictiary and bank. The fourth chapter also analyzes objections of bank, assignment of the rights from bank guarantee and guarantee charge. Lastly, it contains description of secured obligation and abuse of right to demand performance with its possible consequences in criminal law. Fifth chapter focuses on letter of guarantee and its content. Then it thoroughly analyzes...