A German-Czech CMS team has advised Munich-based Leonhard Moll Betonwerke GmbH & Co KG on its acquisition of ZPSV a.s., together with its subsidiaries and production sites in the Czech Republic, Bulgaria, and Slovakia, from the Spanish OHL Group.
Jan Kotous became a Partner in the Prague office of Wolf Theiss.
Weinhold Legal has advised Obrascon Huarte Lain on the sale of its majority stake in ZPSV a.s., the largest Czech supplier of concrete products for the building industry, to the German group of Leonhard Moll AG. The buyers were advised by CMS.
The Prague office of Dentons has advised the shareholders of VUK, spol. s.r.o., on the sale of the company to global automotive supplier Continental via a share deal. Deloitte Legal advised Continental on the acquisition. The transaction value was not disclosed.
Clifford Chance has advised Indorama Ventures Public Company Limited, a producer in the intermediate petrochemicals industry and a manufacturer of wool yarns, on the proposed acquisition of Kordarna Plus, a Czech-based industrial textile and tire cord fabrics producer.
White & Case has advised Piraeus Bank, S.A. on the sale and transfer of a portfolio of non-performing, denounced unsecured retail consumer and credit cards exposures equivalent to EUR 2.238 billion total legal claims or EUR 385 million on-balance sheet gross book value to APS Investments S.a.r.l.
Former Managing Associates Ondrej Florian and Stepan Starha have become Partner at Havel & Partners.
Wolf Theiss has advised the Chinese home appliance producer Hisense on its takeover offer for 95% of the shares in Slovenian white-goods manufacturer Gorenje. Jadek & Pensa advised Gorenje on the sale. The transaction value exceeds EUR 250 million.
CMS has advised Wells Fargo as lead arranger, together with Credit Agricole, ING, Mizuho, Commerzbank, BNP Paribas, Citibank, LBBW, Standard Chartered, and First Abu Dhabi Bank, on a EUR 1.05 billion facility for Bank of China, Luxembourg Branch, for refinancing its existing debt and other general corporate purposes.
Restrictive clauses are common in commercial lease agreements. Such clauses can limit a landlord's ability to lease property to other tenants, restrict a tenant's business activities to a certain geographical area or control the subleasing of property. Breaching such a clause can often lead to strict contractual penalties.
Clifford Chance has advised CA Immobilien Anlagen AG on its EUR 68 million acquisition of Visionary, an A-class office building in Prague. The seller, Skanska, was represented by Dentons.
Glatzcova & Co has successfully represented WPB Capital in a dispute against the Czech National Bank.
CMS Prague has advised Reico on its CZK 2.3 billion acquisition of the Metronome office building in Prague from HB Reavis. Dentons advised HB Reavis on the sale.
Kinstellar, in a consortium with BHO Legal, a boutique firm focusing on satellite and aviation projects, participated as equal partners in a tender offer for the provision of legal services to GNSS.
Michal Matejka, Head of International Commercial & Trade at Baker McKenzie Prague, has been appointed Legal Director, effective July 1, 2018.
BPV Braun Partners has assisted PREmereni, a subsidiary of Prazske Energetika, on the purchase of family-owned Solarinvest-Green Energy.
CEE Attorneys has advised Czech consumer credit provider LeaderFin s.r.o on obtaining a non-bank consumer credit provider license and a listing in the Czech National Bank register of non-bank consumer credit providers.
Clifford Chance has advised real estate investment company Europa Capital on the sale of Prague's Hadovka Office Park office buildin, to Wood & Company, a regional investment bank headquartered in the city. Dentons advised Wood & Company on the acquisition.