Dentons has successfully advised CPI Property Group on an update of a revolving credit facility, the issue of USD 350 million Reg S bonds, and a EUR 170 million senior unsecured Schuldschein. Allen & Overy reportedly advised the banks - Barclays, Credit Suisse, Deutsche Bank, HSBC, J.P. Morgan, Komercni Banka, Nomura, Raiffeisen Bank, UniCredit, Goldman Sachs, and Bank of China - on the credit facility update.
Dentons advised Penta Real Estate, the real estate division of Central European investment group Penta, on its EUR 250 million sale of the Waltrovka office complex in Prague to Munich-based real estate fund manager GLL Real Estate Partners, acting together with LB Asset Management on behalf of South Korean investor Hanwha Investment & Securities. Wilsons advised the buyers on the deal.
Budapest lawyer Balazs Csuday, Bratislava lawyer Daniel Lipsic, and Prague lawyer Jan Prochazka are among the 25 European lawyers promoted to partner by Dentons as part of its 2019 cycle.
Vladimira Chlandova was hired as the new Head of Legal Affairs at T-Mobile Czech Republic and Slovak Telekom.
Bulgarian lawyer Antonia Mavrova and Czech lawyer Tomas Cihula have been promoted to partner at Kinstellar.
BPV Braun Partners has advised Redside, a fund management company, on the sale of Avenir E, a grade A office building located in Nove Butovice in Prague. Wilsons advised the investment company Investika on its acquisition of the building.
Squire Patton Boggs has promoted Czech dispute resolution specialists Eveli Lume and Maria Polakova to the firm's partnership.
PRK Partners has advised Martin Barry, the developer of the Manifesto marketplace in Prague, on the acquisition of a minority equity stake in Manifesto by the Rockaway Group. The transaction closed in February 2019, and financial details were not disclosed.
CMS has advised Zentiva Group a.s. on its acquisition of Romanian pharmaceutical company Solacium and its subsidiary Be Well Pharma from Siyiara Enterprises — a holding entity of A&D Pharma / Dr. Max Group — and entrepreneur Tony Trasca. The Czech Republic's Evan Law Firm advised Siyiara and Romania's Fine Law advised Trasca on the sale, which remains contingent on the satisfaction of several conditions, including the approval of the Romanian Competition Council.
The Prague office of Eversheds Sutherland has advised the Conseq real estate fund on its acquisition of the Retail Park Hradec Kralove s.r.o. from Tesco Europe B.V., advised by Wilsons.
Former PWC Legal Prague Managing Partner Borivoj Libal has joined Noerr, bringing a team of four other lawyers with him.
There’s nothing happening at the moment in the Czech Republic which could fall into the category of “big news,” Daniel Weinhold, the Managing Partner of Weinhold Legal says, “but there a few pieces of news that are worth attention, and which are the source of some discussion among members of the legal profession.”
Dvorak Hager & Partners has changed its name to Eversheds Sutherland.
Wolf Theiss Prague has announced that Robert David is joining the firm to lead the its Czech Banking and Finance practice and that current Counsel Robert Pelikan will join the partnership as head of the office's Dispute Resolution and Competition practices.
With the world becoming increasingly globalized, it is easier for taxpayers to make, hold, and manage investments outside their countries of residence. Vast amounts of money are kept offshore and untaxed, to the extent that taxpayers fail to comply with the tax duties of their home jurisdictions. Co-operation among tax authorities is critical in the fight against tax evasion.
Clifford Chance Warsaw has advised Czech Media Invest on the sale of the Polish radio company Eurozet sp. z o.o. to Prague-based SFS Ventures s.r.o. and its partner, Polish media group Agora S.A. Weil, Gotshal, Manges advised SFS Ventures and Greenberg Traurig represented Agora S.A. in the acquisition.
Weinhold Legal has provided Czech and Slovak assistance to Henry Schein, which the firm describes as "the world's largest provider of health care solutions for office-based dental and medical professionals," in relation to the spin-off of the company's animal health business.