Clifford Chance Prague has advised the European Investment Bank on its up to EUR 50 million equity investment into Inven Capital, a Czech SICAV fund that is fully-owned by the regional energy group CEZ. Inven Capital reportedly was counseled by DBK Partners.
Taylor Wessing Bratislava has advised Martinus, s.r.o., the largest online book retailer and the second largest book retailer in Slovakia, on the acquisition of its competitor, the e-shop Gorila.sk, along with the Czech e-shop arara.cz, from Beyond Media, s.r.o. The Nozdrovicky, Suvert & Co. law firm advised the seller on the deal.
Lawyers from Clifford Chance's Prague office have advised the European Investment Bank on its up to EUR 50 million equity investment into Inven Capital, an internally managed, qualified-investor Czech SICAV fund, fully-owned by the regional energy group CEZ, to support the growth of clean energy and smart technology SMEs and midcaps. DBK Partners advised Inven Capital.
Kocian Solc Balastik has advised Energo-Pro on matters of Czech law related to its December 8, 2017, EUR 370 million debut Eurobond issue in London. Energo-Pro was advised as to English law by lead counsel Herbert Smith Freehills, as to Bulgarian law by Tsvetkova Bebov Komarevski, and to Georgian law by the BLC Law Office. The Joint Bookrunners (Citigroup Global Markets Limited and J.P. Morgan Securities plc) and Joint Lead Managers (Citigroup and J.P. Morgan, as well as Banca IMI S.p.A, Komercni banka, a.s., and UniCredit Bank AG), and Trustee (Citibank, N.A London Branch) were advised by Allen & Overy on Czech and English law and by Spasov & Bratanov on matters of Bulgarian law.
Schoenherr, working alongside global lead counsel Ashurst, has advised Deutsche Private Equity Management III on its acquisition of leaflet printing business Euro-Druckservice from a consortium of three company shareholders. Clifford Chance advised EDS's shareholders on the sale. Financial details of the transaction were not disclosed.
Dentons has successfully represented Sev.en EC, a.s., a member of the Czech Coal group, before the Supreme Administrative Court of the Czech Republic in what the firm calls "extraordinary litigation" related to the reimbursement of gift tax from the Czech state that was imposed on the free carbon dioxide emission allowances in 2011 and 2012 in breach of EU law.
On Thursday, November 30th, leading legal practitioners from across Central and Eastern Europe gathered in Prague to help CEE Legal Matters celebrate its fourth successful year as the leading chronicle of the legal industry in the region, participating in an expert Round Table conversation about the year just concluded and enjoying an evening of dinner, drinks, and bonhomie.
Despite recommendations by international organizations, Czech legislation on whistleblowers is fragmentary and does not offer a complex legal regulation of the phenomenon, or even a definition of the term. The current protection of whistleblowers – i.e., employees or former employees of an organization who inform competent institutions of illegal or unethical practices in that organization – is only dealt with in the Czech Act on Banks, Act on Savings and Credit Co-operatives, Capital Market Undertakings Act, and Civil Service Act (or, more precisely, in the Government Decree implementing the Civil Service Act). Some vague protection of whistleblowers is also provided by the general provisions of the Labor Code and other regulations, which, however, do not specifically address the protection of whistleblowers as such. Currently, two acts are being discussed in the Czech Parliament aimed at providing higher labor-law protection of whistleblowers in both the private and public sectors.