White & Case has advised TPG Real Estate on the EUR 470 million sale of CT Real Estate to funds managed by Blackstone. Schoenherr, working with Simpson Thacher & Bartlett, advised Blackstone. Talers reportedly advised TPG Real Estate as well.
Havel & Partners and Rowan Legal Advise on Capiton's Sale of Gritec to Viessmann Generations Group
Havel & Partners, working with Milbank, has advised Capiton on the sale of Gritec to the Viessmann Generations Group. Rowan Legal advised the Viessmann Generations Group. Frankfurt-based Schalast and the Nuernberg office of Roedl & Partner reportedly advised the Viessmann Generations Group as well.
Rowan Legal Advises AMiT on Acquisition of Bustec Group
Rowan Legal has advised AMiT on its acquisition of the Bustec Group. Act Legal reportedly advised the sellers.
The Debrief: December, 2024
In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.
Havel & Partners Advises on HIWIN Ownership Integration
Havel & Partners has advised selling shareholders of Brno-based HIWIN Petr Jasek and Matis on a change in the company’s ownership structure, resulting in the German group HIWIN GmbH becoming the sole shareholder. OHBS reportedly advised HIWIN GmbH.
White & Case Advises on CZK 1.25 Billion Retail Bond Issuance by Dr. Max
White & Case has advised on Dr. Max’s second retail domestic bond issuance valued at CZK 1.25 billion, guaranteed by Glebi Holdings, and listed on the Prague Stock Exchange.
The People Puzzle: Labor Shortages on the Rise in CEE
Labor shortages have emerged as a pressing issue across CEE, prompting diverse responses from governments, businesses, and the public as they navigate the challenges of workforce gaps and economic sustainability.
The Corner Office: Conference, Anyone?
In The Corner Office, we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. As sunny days recede, the fall conference season is upon us, so we asked: How do you determine which Partner attends which events?
Czech Republic: Current Specifics of Taxation of Foreign Corporations
The Czech Republic (the CR), as an OECD member state, generally speaking, has a tax system comparable to other economies. However, it does have some specificities. While in some areas, the Czech system is less strict (e.g., proving the movement of goods for VAT purposes), in other areas, the current practice in the CR is very formalistic and strict. This is the case, for example, for costs charged in a group between related parties, in particular costs for management services and marketing. Multinational groups unfamiliar with this approach from other European countries may therefore inadvertently get into a dispute with the local tax administration in the CR.
Czech Parliament Discusses Measures to Cut Renewable Energy Subsidies, Focusing on Solar Power Plants
A set of two measures aimed at reducing state subsidies for renewable energy sources has been approved by the lower house of Parliament in the Czech Republic on 11 December 2024. These changes, proposed through amendments to the Act on Promoted Sources (the “RES Act”) and the Energy Act, specifically target solar power plants with a capacity of more than 30 kW that were connected in 2009 and 2010.
Wolf Theiss and Dolezal & Partners Advise on Strabag Group's Acquisition of B2 Assets in Czech Republic
Wolf Theiss has advised Strabag Property and Facility Services on its acquisition of B2 Assets from Dusan Bocek. Dolezal & Partners advised the seller.
Czech Parliament Passes Fundamental Reform of Incentives Scheme for Movies and Video Games and Introduces a New Fee System for VOD Service Providers
The Czech Republic has been a key global entertainment industry player for decades – whether through the quality of its local film production services, or the country’s use as a filming location, or with respect to developing world-famous video games. Now, in order to respond to the constantly evolving entertainment industry, to strengthen the competitiveness of the Czech audiovisual market, and to ensure the country remains a priority destination for major players developing film, series and video game projects, the Czech incentive scheme has been overhauled by lawmakers.
KSB and Nitschneider & Partners Advise Seyfor Group on Acquisition of NCC
Kocian Solc Balastik and Nitschneider & Partners have advised the Seyfor Group on its acquisition of NCC from its founders. Zahradnik reportedly advised the sellers.
Kacerova Mekota Advokati Opens Doors in Prague
Former Rowan Legal Lawyers Lucie Kacerova and Jan Mekota have joined forces to establish Kacerova Mekota Advokati in Prague.
Penalties for Overstated Claims: A Hidden Trap in Czech Insolvency Proceedings
Filing a claim in insolvency proceedings may be the only way for creditors to recover at least part of the amount they are owed. In the Czech legal system, however, creditors face an understated but significant risk: if they overstate the amount of their claim, not only do they risk having it disregarded but they may also be required to pay a penalty to the debtor’s estate. This provision, embedded in the Czech Insolvency Act, acts as a double-edged sword: while it aims to prevent unfounded claims and speculation in insolvency proceedings, it often deters legitimate creditors from fully asserting their claims. This financial penalty has no equivalent in other European countries. So, how can creditors avoid penalties, and what should they know before submitting a claim in insolvency proceedings?
PRK Partners Advises J&T Banka on EUR 68 million Loan for Julius Meinl Living Group
PRK Partners has advised J&T Banka on a EUR 68 million loan granted to the Julius Meinl Living Group. Glatzova & Co reportedly advised the Julius Meinl Living Group.
CEE Attorneys Advises on Sale of Data Force to Geetoo Group
CEE Attorneys has advised on the sale of Data Force to Geetoo Group.
Rowan Legal, Erdos Partners, Biris Goran, and HKV Announce Horizons Alliance
Former NGL Symbio alliance founding members Rowan Legal, Erdos Partners, Biris Goran, and HKV have announced a new set-up under the Horizons Alliance brand.