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A European Parliament press release from the 22nd of June about agreement on the revised text of the directive on representative actions has raised hopes for the swift finalization of legislation on class actions (“representative actions” in European jargon) on an EU level. The directive, which is part of the new concept of consumer protection – the so-called New Deal for Consumers – was introduced more than two years ago, but due to the strong response to the first motion and the fact that bringing about European class actions is overall a tricky process, it is only this year that some significant progress has finally been made.

Kinstellar’s Prague office has advised Czech investment group Portiva and Micronix on its CZK 2 billion acquisition of the Central Kladno shopping center in Kladno, a town about 30 kilometers west of Prague, from Crestyl. White & Case advised Crestyl on the deal.

DLK Legal in Poland and Kinstellar in Hungary and the Czech Republic have advised Infosys on its EUR 30 million acquisition of GuideVision. Osborne Clarke’s offices in the Netherlands, United Kingdom, and Germany, Sorainen in Belarus, and Castren & Snellman in Finland, reportedly also advised Infosys on the deal. Havel & Partners reportedly served as GuideVision’s advisor in the Czech Republic.

DLA Piper’s Prague office has advised Russia's Trust Union Fund on its acquisition of the Kovosvit machine tool manufacturer from Industry Innovation, which itself is owned by Czech businessman Jaroslav Strnad. NKL Legal reportedly advised the sellers on the deal.

The EU has been preparing for a substantial transition of its energy sector to address the urgency of climate change. The Czech Republic has proposed raising the share of its renewable energy sources (RES) in the gross final energy consumption from the current 15% (approximately) to 22% by 2030 to contribute to the EU-wide goal of obtaining 32% of gross final energy consumption from RES by the same year. This means there will be a focus on developing RES in the Czech Republic, and the Czech government also plans to substantially strengthen the role of nuclear energy while allowing the coal-fired energy to decline.

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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