Kocian Solc Balastik has advised Sandberg Capital on its investment in Czech kindergarten management application Twigsee. Peyton Legal advised Twigsee early seed investors – the Jinej fund and Jiri Hlavenka – in the divestment of Jinej's stake.
Amendment to the Labour Code
On 5 April 2023, the Government approved a long-awaited amendment to the Labour Code that incorporates several European directives and brings a number of fundamental changes that will affect most employers.The draft amendment will now be discussed in the Chamber of Deputies. If it passes swiftly, which is expected, the amendment could already be mostly effective during the summer holidays.
Clifford Chance and Allen & Overy Advise on Allwyn EUR 1.3 Billion Senior Secured Note Offering
Clifford Chance has advised lottery operator Allwyn on its EUR 1.3 billion issuance of senior secured notes. Allen & Overy advised the initial purchasers.
BPV Braun Partners and Wilsons Advise on Pilsner Urquell Experience Joint Venture
BPV Braun Partners has advised Plzensky Prazdroj on its CZK 0.5 billion joint venture with QLS Assets to establish the Pilsner Urquell Experience in Prague. Wilsons advised the investor.
Zdenek Mikulas and Team Leave Samak to Establish Talers Advisory Group
Zdenek Mikulas, Petra Hajkova, and Jiri Cerny have left Samak to establish the Talers advisory group in the Czech Republic.
Kinstellar Advises on Sale of Prague's Hotel Sovereign
Kinstellar, working with Advant NCTM, has advised the Italian owner on the sale of Hotel Sovereign in Prague.
Czech Republic: The Future of Photovoltaic Projects
According to the national energy mix, only 5.6% of energy was produced by renewable sources in 2021 in the Czech Republic. Most energy was produced by nuclear sources (40.4%) and fossil fuels (54%).
Kinstellar, ODI, Jadek and Pensa, and Bradvica Maric Wahl Cesarec Advise on TAWAL's EUR 1.2 Billion Acquisition of United Group CEE Tower Assets
Kinstellar and ODI Law, working with Morgan Lewis London, have advised TAWAL on its bid to acquire the Bulgarian, Croatian, and Slovenian tower assets of the United Group for EUR 1.2 billion. Jadek and Pensa and Bradvica, Maric, Wahl, Cesarec advised the United Group. Paul Weiss and Kambourov and Partners reportedly advised United as well.
Reals and Dentons Advise on J&T Real Estate CZ Sale of Red Court Office Building
Reals has advised J&T Real Estate CZ on the sale of the Red Court office building in Prague to a BlackBird Real Estate group company. Dentons advised the buyers.
BBH Advises Kaprain Group on Sale of Nej.cz to Cetin
BBH has advised the Kaprain Group on its sale of Nej.cz to PPF Group company Cetin.
Schoenherr Advises Lindab Group on Acquisition of Ventilace EU's Czech Ventilation Business
Schoenherr has advised the Lindab group on its acquisition of the ventilation business of Ventilace EU. Moore Legal CZ and Eversheds Sutherland reportedly represented the sellers.
Kocian Solc Balastik Advises Arete on Acquisition of Milovice Industrial Site
Kocian Solc Balastik has advised Arete on its acquisition – and leaseback – of an industrial site in Milovice from AAS Automotive and the Decotek Group. Taylor Wessing reportedly advised the sellers.
Dentons Advises CPI Property Group on EUR 335 Million Tender Offer for Outstanding Bonds
Dentons has advised the CPI Property Group on its successful tender offer of outstanding bonds due in 2026, 2027, and 2028.
Schoenherr Advises Carrier on Acquisition of EUR 12 Billion Viessmann Climate Solutions
Schoenherr, working alongside Linklaters and Paul Weiss Rifkind Wharton & Garrison, has advised the Carrier Global Corporation on its acquisition of Viessmann Climate Solutions. Hengeler Mueller and, reportedly, Davis Polk & Wardwell advised Viessmann Climate Solutions.
Czech Senate to Approve the New Amendment to the New Building Act
April 2023 – An amendment to Act no. 283/2021, Building Act (the “New Building Act”) has been approved by the Chamber of Deputies, bringing key changes to Czech construction laws and permitting processes (the “New Amendment”). The New Amendment has been passed to the Senate, which should approve it shortly. The original New Building Act, representing a major change of Czech building regulations, was adopted back in July 2021.
KSB Advises on Establishment of Dobrobot
Kocian Solc Balasitk has advised the Czech charity auction platform Dobrobot on its establishment and online auction-related tax matters.
An Overview of Important Legislative Changes in the Czech Republic-II
An overview of important legislative changes in the Czech Republic
The Office for the Protection of Competition Has Published Results of New Sectoral Investigation in Pharmaceutical Industry
The Office for the Protection of Competition has recently published the results of a sectoral investigation in the pharmaceutical sector. The sectoral investigation is a tool used by both, national competition authorities and the European Commission to comprehensively investigate competition rules in a given sector, especially if they suspect that competition rules are being violated.