Weinhold Legal has advised Zdenek Rinth on the sale of 90% of Kara Trutnov a.s. shares to the C2H group, which belongs to a Czech private investor Michal Micka. Rinth retains the remaining 10%. Financial details were not disclosed, though a Weinhold Legal spokesman confirmed published reports that it was "lower hundreds of millions of CZK."
The European Commission has just published its comprehensive proposal for the so-called "New Deal for Consumers", which aims to strengthen EU consumer rights and enforcement. This includes the proposal for a new Directive enabling certain qualified entities to seek redress on behalf of consumers who have been harmed by an unlawful commercial practice.
CMS Prague has advised private equity-backed Waterlogic, a designer, manufacturer, distributor, and servicer of purified drinking water dispensers on the acquisition of Lux Aqua Czech s.r.o. and Lux Aqua Hungaria Kft., a Czech and a Hungarian company that provides drinking water solutions for B2B clients. The sellers reportedly were represented by Hogan Lovells.
Slaughter and May has advised Vodafone on its acquisition of Liberty Global's operations in Germany, the Czech Republic, Hungary, and Romania. Vodafone was advised by Lakatos, Koves and Partners on Hungarian legal aspects of the acquisition. Liberty Global was represented by Freshfields, with US support from Ropes & Gray.
Kocian Solc Balastik, Linklaters, BLC Law Office, Paksoy, and Tsvetkova Bebov Komarevski have acted as legal counsels to Energo-Pro a.s. in its EUR 250 million Eurobond issue in London, advising on Czech, English, Georgian, Turkish, and Bulgarian law, respectively. The Joint bookrunners and the trustee were advised by Allen & Overy's London and Prague offices, Tbilisi-based BGI Legal, Boyanov & Co. in Sofia, and Istanbul-based Gedik & Eraksoy.
“The Czech business market seems to be affected by a series of changes in the legal sector that are expected in the near future,” reports Zdenek Tomicek, Partner at CEE Attorneys in Prague. First, he says, the legal system is now preparing to provide for joint legal actions. In addition, a new amendment to the country’s Insolvency Act is creating waves on the market.