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Kinstellar Conducts GDPR Audit for Czech Banking Credit Bureau

Kinstellar Conducts GDPR Audit for Czech Banking Credit Bureau

Czech Republic
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Kinstellar has helped the Czech Banking Credit Bureau with an audit of its personal data processing activities, which the bureau was carrying out as the data processor of the Client Information Bank Register.

The audit was primarily intended to ascertain whether the CBCB was fulfilling all of its obligations under the GDPR while processing personal data.

According to Kinstellar, “the CIBR provides information on banking clients who have or have had a loan agreement or an unsanctioned overdraft of a bank account with a bank in the Czech Republic, as well as information on loan applications.” According to the firm, “it evidences the creditworthiness or credit history of bank clients and its outputs play an important role in the decisions of banks to approve or deny a loan.” In addition, the firm reported, “in terms of personal data processing, the 24 participating banks act as joint controllers of personal data in connection with the bank register, while its operation is entrusted to the CBCB as the data processor.”

Kinstellar’s team included Counsel Zdenek Kucera and Junior Associate Stepanka Havlikova, among others.

Czech Republic Knowledge Partner

HAVEL & PARTNERS, attorneys-at-law, with offices in Prague, Brno, Bratislava, Pilsen, Olomouc, and Ostrava, has a team of 220 lawyers, tax advisors and 500 employees in total, is the largest independent law firm in Central Europe.

Our clients include large international companies, leading Czech and Slovak firms, including strategic state-owned companies and public sector authorities, as well as medium-size businesses, individual entrepreneurs, and investors. We advise approximately 100 of the Fortune 500 companies, and almost 50 of the Czech Top 100 companies. HAVEL & PARTNERS currently provides its services to a total of 2,000 clients. We have the most comprehensive international support available to both Czech and Slovak law firms. We provide legal and tax advice in 12 world languages in more than 90 countries around the globe. Up to 70 % of the transactions we deal with involve an international aspect.

HAVEL & PARTNERS was named the best law firm operating in the Czech Republic by the prestigious British rating agencies Chambers and Partners (2020) and Who’s Who Legal (2018, 2019). It is also the most successful law firm, providing the most comprehensive legal services in the Czech Republic and Slovakia, based on the total number of all nominations and awards in all years of the Law Firm of the Year awards. The firm became the absolute winner of this competition four times in the last six years, receiving the main award Domestic Law Firm of the Year in the Czech Republic (2015, 2017, 2018, 2020) and ranking as one of the most recommended law firms in all categories of law. Our company is also a three-time winner of the Law Firm of the Year award for Best Client Services (2015, 2016, 2019). In the field of M&A, HAVEL & PARTNERS is the best law firm in the Czech Republic based on the annual International Advisory Experts awards (2018, 2019). In Slovakia, it also won the prestigious global M&A Today Awards (2013–2018) for Mergers & Acquisitions six times in a row, and repeatedly won first place in the ranking by Lawyer International Legal 100 (2017, 2018). Prestigious international rating agencies EMIS DealWatch and Mergermarket have ranked HAVEL & PARTNERS among the leading law firms by the number of transactions completed in the entire CEE region since 2009. Based on annual awards of the Acquisition International magazine, HAVEL & PARTNERS has become the Law Firm of the Year 2019 in the M&A category in the CEE region.

Firm's website: https://www.havelpartners.cz/en/

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