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KSB Helps Create First Czech Crowdfunding Equity Platform

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Kocian Solc Balastic has advised Fundlift, the first Czech platform focused on equity crowdfunding, on the launch of its operations. It is a joint venture of the financial group Roklen and the investment group Rockaway.

Equity crowdfunding is a form of raising capital for small and medium-sized innovative companies seeking capital for further growth. Fundlift enables them to attain such external capital resources through the issue of securities which will be offered to the general investing public. KSB describes equity crowdfunding as "a major innovation in Czech law requiring the resolution not only of regulatory restrictions but also the implications of relatively rigid corporate changes in the Law of Corporations."

According to KSB, the firm "assisted in the preparation and implementation of the entire Fundlift project, as well as in connection with the first offerings of the platform."