1. Legal Notice

Institute for Industrial and Financial Management
Václavské náměstí 40
110 00 Praha 1
Česká republika

Susanne Neumann
Phone: +420 221 490 355
Fax: +420 224 222 200

Office hours:
Monday to Friday 09:00 – 17:00

2. Disclaimer


The IPFM does not assume any liability with regard to the topicality, correctness, completeness or quality of the information provided. Liability claims against the IPFM pertaining to pecuniary or non-pecuniary damages, which are caused by the use or non-use of information presented, or the use of erroneous or incomplete information, are expressly excluded, provided that this is not the result of verifiable wilful misconduct or gross negligence on the part of the IPFM. All offers are subject to change without notice and are non-binding. The IPFM reserves the right to change, complete, to delete parts of the website or the whole website without prior warning, or to temporarily or completely stop the publication.


In the case of direct or indirect references to external web sites (“hyperlinks”), which fall outside the area of responsibility of the IPFM, liability shall be assumed only if the IPFM has knowledge of the contents and it is technically possible and reasonable for it to prevent the use thereof in the case of illegal contents.
The IPFM hereby expressly states that at the time the link was placed there was no apparent illegal content on the linked pages. The author does not have any influence on the current or future presentation, content or the authorship of the linked pages. For this reason, the IPFM distances itself from all content on all linked pages which has been modified since the link was created. This declaration is valid for all links contained within the IPFM’s internet pages, as well as for entries into the guest-books, discussion forums and mailing lists provided on the site by the IPFM. Liability for any illegal, incorrect or incomplete content and, in particular, for any damages arising from the use or non-use of information offered on linked pages lies solely with the provider of the linked or hyperlinked page, and not with the IPFM, which only referred the user to the particular page through a link.

3. Copyright and Labelling Law

All content from this page applies to authoring laws. The author endeavours to observe the copyrights of the graphs, audio files and audio/video sequences and texts in all the publications, to use his own graphs, audio and video files/sequences and texts, or to make use of graphs, audio and video files/sequences and texts requiring no license.
All trademarks and proprietary brand names mentioned within on the pages of the website that may be protected by third parties are subject without limitation to the respectively applicable trademark laws and proprietary rights of the respective registered owners. The mere mentioning of trademarks may not be construed as implying that the proprietary right of third parties are not protected. The copyright for all contents resides with the IPFM. Duplication. Duplication or utilization of such graphs, audio and video files/sequences and texts in other electronic or printed publications shall be prohibited without the explicit consent of the IPFM.

4. Privacy Protection

Insofar as this website offers the opportunity to enter personal or business data (e-mail addresses, names, addresses), these data are disclosed by the user on an explicitly voluntary basis. The utilisation and payment of all services offered is – as far as technically possible and reasonable – also permitted without providing such personal data, or by entering anonymous data or by using a pseudonym. The use of contact details such as postal addresses, telephone and fax numbers as well as email addresses published in the legal notices or similar entries by third parties for the sending of information not expressly requested is not permitted. The right to take legal action against the senders of so-called spam mail in violation of this prohibition is expressly reserved.


Our website uses social plugins ( “Plugins”) of the social network, which is operated by the Facebook Inc., 1601 S. California Ave, Palo Alto, CA 94304, USA. The plugins are marked with a Facebook logo or with the words “Facebook social Plugin”. An overview on the Facebook Plugins you recieve here:

If you visit one of our websites, which contains such a plugin, your internet browser connects directly to the servers of Facebook. The content of the Plugin is transferred directly to your browser and is integrated to the website.

By integrating the plugin, Facebook receives the information that a corresponding website of ours has been viewed. If you are logged into Facebook, Facebook can assign your visit to your account. If you interact with the plugins, for example you confirm the “Like” button or make a comment, the corresponding information from your browser is sent directly to Facebook and saved there as well.

To find out the purpose and extent of the collection of data, the further processing and usage of your data by Facebook as well as your rights and possible settings in this regard to protect your privacy please consider the privacy statement of Facebook (


On our side of the service functions are integrated Twitter. These functions are offered by Twitter, Inc., 795 Folsom St., Suite 600, San Francisco, CA 94107, USA. Through the use of Twitter and the “Re-Tweet” the web pages you visit are associated with your Twitter account and if other users known. This data is also sent to Twitter.

We point out that we as providers of the sites no knowledge of the content of the transmitted data and use them through Twitter. For more information, please see the privacy statement on Twitter

Your privacy settings on Twitter, you can in the account settings