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Dvorak Hager & Partners Advises Cool Credit on Non-Bank Consumer Credit Providers Registration

Dvorak Hager & Partners Advises Cool Credit on Non-Bank Consumer Credit Providers Registration

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Dvorak Hager & Partners has represented Cool Credit, s.r.o. in its registration in the register of non-bank consumer credit providers with the Czech National Bank.

The Czech Republic's new Consumer Loan Act was introduced in the beginning of 2016, tightening entry requirements for the credit market. Cool Credit met the requirements of the act and received a license from the Czech National Bank (CNB). The license is granted for a limited period of five years, with an option for renewal for another 60 months upon payment of an administrative fee.

The Dvorak Hager & Partners team was led by Partner Lukas Zahradka and included Attorneys Katarina Jendzelovska and Vojtech Faltus.

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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