Kinstellar has advised Czech investment group Portiva on its acquisition of a 5000-square meter retail center in Ivancice, Czech Republic, from Austrian developer Aventin.
BPV Braun Partners has advised Pojist’ovna Patricie on an intra-group sale of two properties from a real estate project in Prague, and on an extra-group sale of real estate in Ostrava and Usti Nad Labem to the Capexus group, which was advised by Havel & Partners and Czech solo practitioner Theodor Klan.
Pavel Gonda, Pavel Grim, Tomas Chobola, and Jiri Zapletal have joined the Skils law firm partnership in the Czech Republic — the former Weil, Gotshal & Manges office in the country, until the American firm withdraw from the market in 2018 — increasing the overall number of partners at the firm to 14.
Bond financing has recently become quite popular in the Czech Republic and companies often finance their business needs by issuing corporate bonds instead of the more usual credit financing. Obviously, the popularity of corporate bonds is also associated with the greater willingness of investors to buy them. Bonds are perceived by the general public as a safe and conservative investment instrument. Nevertheless, recent market developments show that corporate bonds issued by private companies may not always be a safe investment, as evidenced, for example, by the insolvency of online fashion store Zoot, which funded its expansion by issuing bonds.