Since the introduction of the institution of legal entities’ exemption from criminal liability in 2016, there has been discussion on the distribution of the burden of proof in proving the conditions for its application in criminal proceedings. Meanwhile, the prosecution’s view has been gradually changing.
Kinstellar has advised a syndicate of Raiffeisenbank, UniCredit Bank Czech Republic and Slovakia, and Komercni Banka Raiffeisen on financing it provided to Raiffeisen Leasing for that company's acquisition of the Proton Therapy Center Czech from Immorent. Kinstellar also Raiffeisen Leasing on the underlying deal. Dentons advised Immorent. Hoffmannova Koranda reportedly also advised Immorent and Strnad Joch Lokajicek Advokati reportedly advised the Proton Therapy Center Czech.
The global pandemic has impacted all markets, with subsequent ramifications for M&A. Investors are now seeking greater protection against general lock-downs and supply-chain disruptions, while governments aim to protect critical supplies and services by imposing new regulations on foreign investment in crucial or strategic industries.
Due to Germany’s economic importance and its strategic position at the heart of Europe, it certainly rings true to many Czech motor carriers that (almost) “all roads lead to Germany.” The dependence on the vagaries of German toll policy, however, have forced Czech motor carriers to swallow two bitter pills in the past four years. First, back in July 2018, the German government extended tolls to all federal roads, which led to some 40,000 kilometres of roads now being part of the toll system.
The COVID-19 crisis continues to plague much of Europe. To get an overview of its effects across CEE – both on investment in the region and on the legal industry itself – we reached out to the members of Pontes the CEE Lawyers legal alliance, a Regional Sponsor at the upcoming Dealer’s Choice International Law Firm Summit.
Dentons has advised a syndicate of four banks headquartered in Prague – Komercni Banka, Ceska Sporitelna, Ceskoslovenska Obchodni Banka, and UniCredit Bank Czech Republic and Slovakia – on the financing of DEK’s acquisition of Best, including the refinancing of the Best group. Financial details were not disclosed.
The following Q&A is an extract of the May 2021 edition of the Private Equity Trends Monitor, which provides you with an up-to-date overview of the latest and anticipated trends across the European private equity sector. This extract covers private equity deal activity in Central and Eastern Europe.