Kocian Solc Balastik has advised the Vaclav Havel Library on changing its legal form from a public benefit corporation to a foundation.
Vaclav Havel, which celebrates 20 years of existence this year, announced that its transformation is taking place "in an effort to ensure the future development of the Vaclav Havel Library as a highly respected institution and to strengthen its position." Initially set up as a public benefit corporation, it added that "especially with the adoption of the new Civil Code from 2012, this legal form appears to be outdated. That is why the founders of the library decided on June 1, 2023, to change its legal form to an endowment fund."
The KSB team was led by Partner Vlastimil Pihera.