CEE Attorneys has advised Czech consumer credit provider LeaderFin s.r.o on obtaining a non-bank consumer credit provider license and a listing in the Czech National Bank register of non-bank consumer credit providers.
“At the end of 2016 a new consumer credit regulation came in effect in Czech Republic," said CEE Attorneys Founding Partner Zdenek Tomicek. "Given the scope of the regulatory requirements and its complexity, the new regulation hit the consumer credit market at its core. Out of thousands of consumer credit providers operating in compliance with the former regulation, less than a hundred were granted a license by the Czech National Bank, one of them being LeaderFin."
The CEE Attorneys team consisted of Managing Associate Iveta Koubkova and Associate Martin Dohnal.