Weinhold Legal has advised LEEL Electricals on the sale of Janka Engineering s.r.o. to the Ostrava-based industrial Multicraft Group.
It has been more than four years since new legislation revolutionizing Czech private law came into effect, mainly through the adoption of a new Civil Code. Among the most affected industries was real estate, traditionally a very strong investment sector on the Czech market. How has life been since this revolution?
Allen & Overy has advised Aegon on the divestment of its insurance businesses in the Czech Republic and Slovakia for EUR 155 million to the NN Group. The buyer was advised by Kinstellar.
Dvorak Hager & Partners has represented Raiffeisen Realitni Fond in its acquisition of Retail Park Pisek, s.r.o. from Czech developer CSPP. CMS advised the sellers on the deal.
Kocian Solc Balastik has advised Continuum Search Fund on its acquisition of exhibition stand manufacturers Best Expo and IRE — the first acquisition by a search fund in the Czech Republic. The sellers — entrepreneurs Hellen Berends and Petr Kotvas — were advised by Havel & Partners.
Dispute Resolution lawyer Jan Krampera has become Partner at Dvorak Hager & Partners in Prague.
Things are pretty calm on the legislative front in the Czech Republic at the moment, says JSK Partner Tomas Dolezil, and nothing big is expected for the next few months either. "But next year,” he says, "the new government needs to prepare a number of legislative proposals. For instance, the Ministry of Finance is working on a reform of the Czech Capital Market.” According to Dolezil, “a concept is being discussed and produced, and is now waiting for some political guidance or discretion, and on this basis we expected legislative changes to be proposed next year. Among others it is expected that the changes will affect the Private Equity/ Venture Capital sector.”
Kocian Solc Balastik has advised Skoda Auto DigiLab on its Care-Driver Project: a German service based on combining transportation and home care services for children, seniors, and disabled citizens.
CMS has advised Kreditech Holding SSL GmbH on the sale of 100% shares in its Czech subsidiary, Kreditech Ceska Republika, to Kancelaria Medius S.A.
KSB has assisted Carthamus obtain clearance to operate a biomass heating plant in Cesky Krumlov, in the Czech Republic.
CEE Attorneys has advised Detska Galaxie, a company belonging to the Ags 92 group, on the acquisition of Feedo e-shop from Windeln.de. Havel & Partners advised Windeln.de.
On May 25, 2018, the General Data Protection Regulation finally came into effect, imposing new requirements on organizations within the European Union and on those outside the EU that offer goods or services to EU data subjects or monitor their behavior. To learn more about the state of readiness in one such country, we spoke to Schoenherr attorney and Data Protection specialist Eva Bajakova in Prague.
The GDPR comes into effect on May 25, 2018. Since data processing concerns a wide range of activities, very few companies or entrepreneurs will be unaffected. Numerous articles and discussions have been posted about the GDPR in the media, some of which contain false or misleading information and therefore give rise to concern, especially considering the possibility of high penalties. Failure to adopt national implementing legislation does not help the situation either. In this article we would like to highlight some of this misleading information and explain the inaccuracies.
JSK has advised investment fund BHS Private Equity Fund on the acquisition of engineering company Boco Pardubice Machines from private individuals Jan Dostal, Petr Pilny, and Jan Dotzauer, with the latter staying on as a minority partner and co-investor. Havel & Partners advised the sellers in the deal.
JSK, working in cooperation with solo practitioner Pavel Suser, has advised the shareholders of James Cook Languages on the sale of 100% of the company to Vladimir Schmalz and his EDUA Group. Rowan Legal advised the EDUA Group on the acquisition.
Kinstellar has advised Zhejiang Huajie Investment Development Group on the leasing of 25,000 square meters of logistics space at the Panattoni Park Prague Airport II near the village of Pavlov in the Czech Republic.
Weinhold Legal has advised the shareholders of the Ventos s.r.o.engineering company on the sale of 60% of their stake to the SkyLimit Industry investment fund. Havel & Partners advised SkyLimit on the acquisition.
Allen & Overy has advised Ceska Sporitelna, serving as dealer manager, lead manager, delivery agent, listing agent, fiscal agent, and paying agent, on exchange and tender offers and the issuance of Czech koruna-denominated and Czech law-governed domestic bonds by Czech gas transmission operator NET4GAS. White & Case advised NET4GAS on the deal.