Glatzova & Co. has advised the Renomia brokerage group upon the acquisition of an "almost 30% stake" in the company by Arthur J. Gallagher & Co.
The tobacco products market is heavily regulated in the Czech Republic, as it is across the European Union. A key document is the Tobacco Products Directive (2014/40/EU), which sets out a uniform, detailed framework for all EU member states. The TPD thus provides substantial direction regarding tobacco regulation, tobacco products, and electronic cigarettes, as well as novel tobacco products. It includes comprehensive definitions of various types of tobacco products and regulates their labeling and packaging, mandatory health warnings and security features, and how to place them on the EU market.
Having been a foreign lawyer abroad for a significant part of my career so far – this last decade in CEE – I can say that the past couple of years have been the most interesting, and I mean that in the Confucian sense. Not because of local market developments or interesting deals – though there have been plenty of both – but because of the events of 2016 and a certain painful embarrassment and anguish I feel when a well-meaning acquaintance, colleague, or client, in genuine bewilderment, looks me in the eye and asks me, in my capacity as a British citizen and English lawyer, “what on earth is going on?”
White & Case has advised Ceske Drahy, a.s., the Czech national railway transport operator, on its issuance of EUR 500 million 1.5% notes due 2026 and their admission to trading on the Luxembourg Stock Exchange. Clifford Chance reportedly advised joint global coordinators and bookrunners Citigroup and Erste Group Bank AG and joint bookrunner ING.
Members of the BPV Legal in Romania, Hungary, the Czech Republic, and Slovakia have provided local counsel in those jurisdictions to Dutch property managers MVGM on its takeover of the property management division of the Jones Lang LaSalle Group in Continental Europe. The Hague office of the Dutch law firm Barents Krans acted as lead counsel to MVGM, and Watson, Farley & Williams was lead counsel to JLL, working with local counsel from Schoenherr in the Czech Republic, Slovakia, Poland, and Romania.