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Tue, Apr
67 New Articles

BPV Braun Partners has advised Generali Investments CEE, an investment company acting on behalf of the Generali Real Estate Fund, on the acquisition of a residential building in Prague from a private investor. CEE Attorneys advised the unidentified seller on the deal, and the value of the transaction was not disclosed.

Read more: BPV Braun Partners and CEE Attorneys Advise on Generali Fund's Acquisition of Prague Residential...

Many employers currently find themselves in a precarious position, faced with deciding how to deal with the obstacles to work arising from the coronavirus crisis, irrespective of whether these obstacles are the result of government measures (total or partial restrictions on operations) or due to real operational reasons (difficulties in the supply of materials for production, drop in sales). The Labour Code does not take into account obstacles to work caused by the pandemic, and employers are thus faced with issues in the interpretation of the relevant provisions of the Labour Code. In the text below we will attempt to clarify the issue of obstacles on the part of the employer, at least in part.

Read more: Czech Republic: Obstacles to Work on the Part of the Employer in Connection with the Coronavirus

White & Case has advised international investment company TPG Capital on a development loan for unidentified industrial premises to "serve as multi-purpose facilities for warehousing, administration, and trade and science and technology.”

Read more: White & Case Advises TPG Capital on Development Financing

Against a backdrop of global uncertainty fuelled by Brexit, a US-China trade war, and a weakening German economy, Central and Eastern Europe has proven itself economically resilient in the face of a challenging year. Led by Hungary, Poland, and Romania – all of which reported more than 4% GDPs growth – many emerging European countries have comfortably outshone the sluggish economies of Western Europe. It is, therefore, unsurprising that foreign investors flocked to the region in 2019 in search of healthy returns.

Read more: Emerging Europe Sets the Pace for M&A Deals as Foreign Investment into the Region Surges

Allen & Overy has advised J.P. Morgan, HSBC, Societe Generale, UniCredit, Erste Group, and J&T BANKA as initial purchasers of the EUR 300 million 3.875% Senior Notes due 2027 issued by the Sazka Group and guaranteed on a senior basis by subsidiary Sazka Czech. Milbank reportedly acted as the international and New York law counsel for Sazka, with Clifford Chance reportedly advised it on Czech law aspects.

Read more: Allen & Overy Advises Banks on EUR 300 Million High Yield Bond Offering of Sazka Group

A new Act No. 39/2020 Coll., on Real Estate Brokerage, came into effect in the Czech Republic on 3 March 2020. The Act tightens the requirements on real estate brokers (including real estate agencies) and implements new elements of protection for those using real estate brokerage services.

Read more: Czech Republic: New Regulation of Real Estate Agencies

Greenberg Traurig has provided Polish advice to GLP on its acquisition of Goodman Group’s Central and Eastern Europe logistics real estate portfolio. Kirkland & Ellis served as global legal counsel to GLP, while Kinstellar provided local legal advice with respect to the Czech, Slovak, and Hungarian aspects of the transaction. Goodman Group was advised by Allen & Overy.

Read more: Greenberg Traurig, Kinstellar, and Allen & Overy Advise on GLP's Acquisition of Goodman Group’s...

Kinstellar Advises Portiva on Acquisition of Astrid Offices in Prague

Kinstellar has helped Portiva negotiate a framework agreement for the future acquisition of Astrid Offices, an administrative center under development in Prague’s Holesovice district. The deal is valued at approximately EUR 19.5 million.

Read more: Kinstellar Advises Portiva on Acquisition of Astrid Offices in Prague

Clifford Chance Advises Heimstaden Bostad on Acquisition of Czech Residential Portfolio

Clifford Chance has advised Heimstaden Bostad AB on the EUR 1.3 billion acquisition of Residomo's residential portfolio, which consists of move 42,000 residential units, primarily in the Moravia-Silesia region of the Czech Republic.

Read more: Clifford Chance Advises Heimstaden Bostad on Acquisition of Czech Residential Portfolio

Weinhold Legal Advises Skolnik Holding on Acquisition of Majority Stake in Hobra-Skolnik

Weinhold Legal has advised Skolnik Holding s.r.o. on the acquisition of a majority stake in the company Hobra-Skolnik from Switzerland's Filtrox.

Read more: Weinhold Legal Advises Skolnik Holding on Acquisition of Majority Stake in Hobra-Skolnik

Worried about COVID-19? During the outbreak, it is challenging for patients to seek in-person medical care. Self-quarantine is an important tool in managing disease transmission, especially among patients who are vulnerable to the risk of infection. This is where telemedicine becomes essential to ensure that patients have access to medical care and to boost community support. In times of a global public health emergency like the COVID-19 outbreak, healthcare systems should lean on remote medical check-ups, e-prescriptions and postal delivery of medicines in situations of quarantine and to tackle the further spread of the disease. Healthcare systems should expand beyond traditional healthcare tools and leverage existing telehealth tools to direct people to the proper level of healthcare for their medical needs (both to address their medical condition and to screen for COVID-19). Moreover, state administrations should make a historic effort to at least temporarily lift restrictions on telehealth usage (where such exist) to assist in the efforts to reduce patients' exposure to the virus and to ensure public health and safety.

Read more: E-healthcare and Telehealth Become Vital to Tackling COVID-19 in CEE

The acquisition of a sports club is definitely a specific process in many respects and requires preparation on several fronts. This article takes a closer look at one of the first steps to undertake before acquiring a sports club, namely legal due diligence. Along with the areas usually checked, one must pay attention to several specific areas stemming from the specific characteristics of the sport (and each type of sport has not only its own considerable further specifics, but also its own unique risks).

Read more: What to Focus on in the Due Diligence of a Sports Club

In December 2019, the Court of Justice of the European Union ruled on the interpretation of the Solvency II Directive regarding the right to cancel a life insurance contract and the duty of the insurer to inform customers of the right.

Read more: Consequences for not Disclosing the Right to Cancel a Life Insurance Contract

In a preliminary ruling procedure, the Court of Justice of the European Union confirmed that the law of the Member States must make it possible for compensation for damages caused by a cartel to be granted to persons who are not direct participants in the market in which the cartel operates.

Read more: All Damaged Parties Should Have the Right to Compensation for Harm Caused by a Cartel

Czech Republic Knowledge Partner

JŠK, advokátní kancelář, s.r.o. (JŠK) is a medium-sized law firm based in Prague providing a comprehensive range of commercial legal advisory services in the Czech Republic. Our team consists of almost 30 lawyers, five of whom are partners with many years of experience from leading international law firms. We advise local and international clients from banking, insurance and various industry sectors, boast a respected projects practice, and work for the public sector at the federal and municipal level.

Ever since it was founded in 2004, JŠK has striven for the epitome of professionalism, expertise and ethical integrity. We continuously seek to surpass what large global law firms can offer and to give our clients a personal approach. All mandates are equally important to us regardless of size as we guide clients through both complex and seemingly routine matters.

Our clients turn to us for advice when implementing their business plans across all areas of commercial law. We are proud members of PONTES: the CEE lawyers, a unique network of law firms through which we provide services not only in the Czech Republic but also in Austria, Bulgaria, Hungary, Poland, Romania and Slovakia.

Firm's website: http://www.jsk.cz

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