KSB reports that it has achieved “another success” in its representation of Czech Radio in a long-lasting dispute with the Board of the Financial Directorate on the issue of the right to deduct VAT.
White & Case has confirmed that Partners Michael Smrek and Damian Beaven, along with Local Partner Ales Zidek, are leaving the firm’s Prague office to join R2G, which White & Case describes as "a family office established by Oldrich Slemr, a former shareholder of Ceska Gumarenska group, a major global industrial tire manufacturing business.”
Similar to most countries in the CEE region, the Czech market is in a growing phase. After the economic downturn during 2009-2011 and slow growth in the embarrassing years of 2012 and 2013, we witnessed a change to a positive, optimistic mood in 2014 and 2015, which has led into an almost frantic buying mode in 2016.
Dvorak Hager & Partners has advised GrECo JLT, a leading CEE insurance broker and consultant, on the sale of the Top-Pojisteni.cz insurance comparison portal to Ceskoslovenska Obchodni Banka, a.s. (CSOB). CSOB was advised by Glatzova & Co. on the deal.
“The guys in the Central European group were a really collegial group and we really enjoyed what we did and truly felt we were making a difference, and we had good clients, and the results were really gratifying. So it was a very good, unique core group of people who were fully committed to Central and Eastern Europe at a historic time.” – Obie Moore
The Clifford Chance Prague Corporate team has advised ASSA ABLOY, which it describes as "the international market leader in door opening solutions operating in more than 70 countries,” on the successful conclusion of an agreement for the sale of its global car lock business to Alpha Corporation, a Japanese manufacturer of lock and key products for the automobile, housing, and industrial sectors. Allen & Overy represented Alpha on the deal. The sale remains subject to regulatory approval and is expected to close in the second quarter of 2016.
Women’s Day is behind us, but the subjects of gender equality and equal opportunity are of year-round concern. This, the first part of a special two-part CEE Legal Matters article on women in private practice in CEE, provides the numbers and percentages from leading law firms across CEE, as well as a more thorough snapshot of one representative market. Part II of the report, in the June issue, will pull back the curtain even more, providing feedback and perspectives from lawyers across the region.
The Czech Republic’s Hruby & Buchvaldek law firm has been engaged by Sebre — a Czech real estate development company — to advise it during the preparation of its new Medport project in Holesovice, a developing area of Prague. According to Hruby & Buchvaldek, Medport will be a multi-purpose building "featuring the innovative and modern architectural design of the renowned studio led by Stanislav Fiala."
White & Case has advised Mid Europa Partners (MEP) and Squire Patton Boggs has advised CEE Equity Partners — the investment advisor to the China CEE Investment Co-operation Fund — on the latter’s investment into the Energy 21 operator of photovoltaic power plants. The terms of the agreement were not disclosed.
Glatzova & Co. has announced that, on January 1, 2016, Czech Banking & Finance lawyer Libor Nemec was promoted from Senior Associate to Partner.
Filip Melzer, Petr Tegl, and Milan Hulmak, three Of Counsels from Havel, Holasek & Partners, were appointed by the Slovak Minister of Justice, Tomas Borec, to the country’s Committee for the Recodification of Private Law. As part of the Committee, they will assist in preparing the new Slovakian Civil Code.