JSK has successfully represented Ashok Leyland UAE on the ownership transfer of truck manufacturer Avia Ashok Leyland Motors to the Czechoslovak Group.
Ashok Leyland Limited is the 2nd largest commercial vehicle manufacturer in India and one of the largest manufacturers of buses and trucks in the world. Ashok Leyland UAE is part of the Ashok Leyland Group.
The Czechoslovak Group is, according to its website, "an industry holding representing a strong group of production companies based mainly in the Czech and Slovak Republic. Our companies offer complex solutions including deliveries of state-of-the-art technology and world-class post-sales services.” The website states that “our identity is based mainly on traditional values and fame of the Czechoslovak industry. Our core interest is impeccable quality of our products, robust manufacturing capability as well as the production of real, enduring values.” The Group includes companies operating in civil engineering and services, and its portfolio includes a major share in the Tatra Trucks cargo truck manufacturer.” Consolidated revenues of the Group exceeded CZK 12 billion (over EUR 444 million) in 2015.
The JSK team was led by Tomas Dolezil, who said: “We are delighted to assist Ashok Leyland and Ashok Leyland UAE with this rather complex and lengthy project that included not only the transfer of ownership, but also the future relationship between the parties.” Dolezil was supported by JSK Senior Associate Helena Hailichova.
The Czechoslovak Group was advised by the Toman Devaty Law Firm and NKL Legal.
Image Source: avia.cz