Dvorak Hager & Partners is joining Eversheds Sutherland, one of the 40 largest law firms in the world.
Czech law firm UEPA has opened an office in Bratislava, led by Partner Marcel Macai, a recent addition to the firm's team.
Novalia has advised the tech start-up Sapho on its sale to Citrix for USD 200 million.
Business corporations have been criminally liable in the Czech Republic since January 2012. A December 2016 amendment has introduced the possibility to exculpate oneself from criminal liability if the company "has applied all efforts that could be reasonably expected from it" to avert an offence. Nowadays, in practice this means setting up a suitable compliance management system ("CMS"). But what should a CMS look like to effectively exculpate a company? To answer this question, the new, second methodology devoted to this topic of the Czech General Prosecutor's Office of August 2018 should be of assistance (the "Methodology").
Former Kocian Solc Balastik Partner Christian Blatchford has accepted an offer to become the first General Counsel of KSB client Energo-Pro a.s.
Slovak lawyers Zoran Draskovic, Turkish lawyers Ceren Sen and Ates Turnaoglu, and the Czech Republic's Vaclav Zaloudek were included in White & Case's global local partnership promotions round, announced on November 27, and effective on January 1, 2019.
Weil Gotshal & Manges has announced that it will close its Prague office at the end of this year.
45 days. That’s how long it took Roman Kramarik, Partner at JSK in the Czech Republic who recently became the first-ever Czechoslovakian pilot to fly around the world, to complete his 36,863-kilometer mission. After crossing three oceans, surviving monsoon rains, facing the cold of Alaska and the warmth of the Far East, all behind the controls of his Cessna P210N Centurion airplane named the “Winged Lion,” Kramarik returned to his office at the Prague law firm, rightly proud – and more than a little exhausted.
In its most recent annual report, the Czech Competition Authority stated that the investigation of bid-rigging cartels would be its highest priority. The issue of bid rigging is a hot topic that has attracted the attention not only of the CCA, but also that of the Czech police and public prosecutors, who have been very active in investigating bid-rigging cartels in recent years.
Dentons has appointed Michal Hink as Czech Republic Managing Partner, following his unanimous election by partners. His term of office will begin on January 1, 2019 and continue until December 31, 2021.
CMS has advised Deka Immobilien GmbH on its EUR 460 million acquisition of a Czech logistics portfolio from the CTP Group.
Maravela | Asociatii has assisted Precision for Medicine in connection with Romanian law aspects of its multi-jurisdictional acquisition of contract research organization Argint International. Bird & Bird was lead counsel to Precision for Medicine on the deal. Kinstellar's advised the sellers on Romanian, Czech, and Hungarian aspects of the deal, working with lead counsel Osborne Clarke.
Weinhold Legal has advised GZ Media, a.s., the largest producer of vinyl record players in the world, on its CZK 85 million acquisition of a 67% stake in the PB Tisk.
Clifford Chance has advised Ceskoslovenska Obchodni Banka, a. s., as mandated lead arranger, facility agent, security agent, and underwriter on the initial finance documentation and in relation to subsequent syndication and transactional closing with Ceska Sporitelna, a.s. and the EBRD on financing provided to Karlovarske Mineralni Vody's for its acquisition of PepsiCo's assets and operations in the Czech Republic, Slovakia, and Hungary. Kocian Solc Balastik advised KMV on the financing and on the underlying acquisition, and represented KMV in proceedings before the Czech Competition Authority.
In April 2018 the Office for the Protection of Competition adopted new guidelines on the method of setting fines for competition law infringements,(1) noting that the need for a revision of the previous guidelines had emerged in the wake of developing case law, as well as amendments to the Act on the Protection of Competition.
Randa Havel Legal ⎯ the Czech member of the Act Legal alliance ⎯ has represented the owners of Janus spol. s r.o., a distributor of Kyocera brand products in the Czech Republic and Slovakia, on the sale of 100% of their shares to Dutch company Kyocera Document Solutions Europe B.V. The buyer was represented by Weinhold Legal.
The legal regulation of transactions with virtual currencies and Initial Coin Offerings / Initial Token Offerings is a topic of ever more frequent discussion in the Czech Republic. The ano-nymity of cryptocurrency transactions has been reduced by the introduction of Anti-Money Laundering (AML) rules, while the Czech regulator’s approach to the regulation of trading with virtual currencies is very liberal.
In The Corner Office we ask Managing Partners across Central and Eastern Europe about their unique roles and responsibilities. The question this time around: Who was your mentor, and what was the most important lesson you learned from him or her?