Clifford Chance's Prague office has advised Danish electronics company Bang & Olufsen on the divestment of its Czech subsidiary, Bang & Olufsen, s.r.o., to its long-term partner Tymphany Acoustic Technology HK Limited.
Kinstellar has successfully advised Deutsche EuroShop AG on its EUR 374 million acquisition of Olympia Shopping Center in Brno from a joint venture of ECE Real Estate Partners and Rockspring Property Investment Managers LLP. White & Case advised the sellers on the transaction, which is expected to be finalized within the first half of 2017, and which represents Deutsche EuroShop's entry into the Czech market.
Taylor Wessing Prague has advised Hectas Facility Services Stiftung & Co. KG, from Germany, on the disposal of its subsidiary Hectas Facility Services, s.r.o., which supplies cleaning and technical services in the Czech Republic, to Ostrava-based MW-Dias, a.s. Ostrava's Zachveja & Partneri firm advised the buyers.
In the European Union, competence of courts is harmonized and regulated by Brussels Ibis regulation No. 1215/2012 (the “Regulation”). The competence of courts determined by the Regulation is protected and applies unless the Regulation stipulates otherwise. Arbitration is not subject to EU harmonized regulations. It is governed by international treaties, most notably the New York Convention.
Thomas Hruby was born in Montreal, Canada, where he attended McGill University, from which he received his B.A., B.C.L., and LL.B. degrees. He was admitted to the Bar of the Province of Quebec in 1983 and practiced law in Montreal. He obtained a Master’s degree in law from Charles University in Prague in 1991 and was admitted as a fully-qualified Czech advocate by the Czech Bar Association in 1992. In 1993, he opened the Prague office of the Montreal law firm Mitchell, Gattuso and he subsequently joined the Prague office of Linklaters & Alliance. In 2001 he started his own practice in Prague, and he was joined by Jiri Buchvaldek in 2006 to form Hruby & Buchvaldek.
Vladimira Jicinska is the Head of Legal at AHOLD, responsible for the Czech market. She first joined the company in December 2012 after spending a little over two years in China working as the Head of Legal and Compliance of Home Credit China. Before that, she worked for AAA Auto holding for nine years, initially as an Acquisition Lawyer, and later as the Group Legal Manager of the company.
Tomas Rychly has been appointed a Judge on the Supreme Administrative Court of the Czech Republic, and the Wolf Theiss Prague Managing Partner will be leaving Wolf Theiss sometime early in 2017 to take up his new duties. In making that move, Rychly becomes the first major commercial law firm lawyer ever to serve on the Czech judiciary.
The Czech Republic has implemented a number of statutory reforms aimed at tackling corruption and fraudulent business practices. These reforms have been welcomed by Transparency International, which describes the Czech Republic as making one of the greatest advances in fighting corruption worldwide in 2015. In this context, the Czech Corporate Criminal Liability Act (CCLA), applied by prosecution authorities with growing frequency, has in particular been in the limelight.
In October 2016, CEE Legal Matters reported that Baker & McKenzie had advised European payment and transactional services provider Worldline on its agreement with Komercni Banka, a subsidiary of the Societe Generale Group, to develop products and services for Czech and Slovakian merchants. CMS advised Komercni Banka on the deal. We reached out to Baker & McKenzie Partner Libor Basl and Associate David Reiterman, both in the firm’s Prague office, for more information.
Taylor Wessing has advised Warimpex Finanz- und Beteiligungs Aktiengesellschaft on the partial sale of its hotel portfolio to the Thai investor U City Public Company Limited. CHSH and Hogan Lovells advised U City on the transaction, which included participations in eight hotels in the Czech Republic, Poland, and Romania, two of which are partly (50%) owned by UBM Development AG.