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DLA Piper Advises Karlin Group on JV Real Estate Acquisition in Prague

DLA Piper Advises Karlin Group on JV Real Estate Acquisition in Prague

Czech Republic
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DLA Piper has advised the Karlin Group on the creation of a joint venture with the Shinkun & Binui developer for a residential real estate project in the Modrany part of Prague.

DLA Piper and the Karlin Group began working on the deal in March 2016 and the transaction was completed in April 2017. The transaction was structured as a share deal, and involved a number of restructuring sub-steps, including acquisition of land, increase in share capital, a contribution outside of the share capital, and a demerger. The value of the deal is was not disclosed.

The Karlin Group was established in 1997. The main partner of the group is Serge Borenstein, the co-creator of the group, which focuses its development activities in Karlin — a rapidly developing part of Prague — and other Prague neighborhoods, especially Modrany, Holesovice, and Smichov. 

The Prague core team advising Karlin Group was led by Country Managing Partner Miroslav Dubovsky and included Senior Associate Petr Samec and Junior Associate Jan Metelka.

Czech Republic Knowledge Partner

JŠK, advokátní kancelář, s.r.o. (JŠK) is a medium-sized law firm based in Prague providing a comprehensive range of commercial legal advisory services in the Czech Republic. Our team consists of almost 30 lawyers, five of whom are partners with many years of experience from leading international law firms. We advise local and international clients from banking, insurance and various industry sectors, boast a respected projects practice, and work for the public sector at the federal and municipal level.

Ever since it was founded in 2004, JŠK has striven for the epitome of professionalism, expertise and ethical integrity. We continuously seek to surpass what large global law firms can offer and to give our clients a personal approach. All mandates are equally important to us regardless of size as we guide clients through both complex and seemingly routine matters.

Our clients turn to us for advice when implementing their business plans across all areas of commercial law. We are proud members of PONTES: the CEE lawyers, a unique network of law firms through which we provide services not only in the Czech Republic but also in Austria, Bulgaria, Hungary, Poland, Romania and Slovakia.

Firm's website: http://www.jsk.cz

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