At the moment in Poland entities that facilitate infringements by renting properties and those offering other services used to infringe trademark rights may be held liable. However, in the next few years, the practice of Polish courts with respect to the liability of intermediaries for IP infringements on the basis of CJEU ruling C-494/15 will develop and could significantly change the way in which trademark infringement claims are pursued - due to the introduction of new legal tools into Polish law.
Date: 4th June 2019 Venue: Cubex Centre Prague
CMS Prague has advised Ceskoslovenska obchodni banka, the Czech division of KBC Group, on the acquisition of 45% stake in the Czech building savings bank Ceskomoravska stavebni sporitelna from Bausparkasse Schwabisch Hall, advised by Schoenherr.
CMS has advised the ESPIRA private equity fund on the acquisition, made with ICON's executive management team, of ICON Communication Centres, an award-winning provider of multilingual contact centre services, from the joint administrators of former energy broker Utilitywise Plc. The Czech Republic's FORLEX law firm advised Icon management, and Pinsent Masons reportedly advised the administrator.
White & Case has advised PPF Arena 1 B.V. on the establishment of its EUR 3 billion Euro Medium Term Note Program and the debut issuance of EUR 550 million 3.125% notes due March 2026 thereunder. Allen & Overy represented the mandated lead arrangers, joint lead managers, and dealers under the program agreement in connection with the change of terms of financing of the acquisition of CEE and SEE assets of Telenor by the PPF Group, as well as the joint lead managers and dealers under the program agreement and the first issuance of notes under the program agreement.
PRK Partners, working alongside lead counsel Freshfields, has advised RWE on Czech aspects of its acquisition of 50.05% of the shares in Innogy Grid Holding. Czech counsel for the seller, Innogy SE, was Havel & Partners.
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.
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.