Former Managing Associate Ondrej Ponistiak has become a Partner with BPV Braun Partners as of January 1, 2023.
The CEELMDirect Profile Pick: An Interview with Jiri Sixta of Glatzova & Co.
CEELMDirect Profile Pick: A series of interviews with Premium profile-holders on the CEELMDirect legal directory. Today’s interview: Jiri Sixta, Partner at Glatzova & Co. in Prague.
Andrea Adamcova, Matej Manderla, and Petr Vosahlik Make Partner at BBH
BBH has announced the appointment of Andrea Adamcova, Matej Manderla, and Petr Vosahlik as Partners within the firm, effective January 1, 2023.
JSK Advises Tescan Orsay Holding on Sale of Majority Stake to Carlyle
JSK has advised the Tescan Orsay Holding on the sale of a majority stake in the company to Carlyle. White & Case reportedly advised Carlyle.
BBH Advises CEZ on Acquisition of Skoda JS Nuclear Supplier
BBH has advised the CEZ Energy Group on its acquisition of the Skoda JS nuclear servicing and engineering company along with its subsidiary Middle Estates.
KSB Advises Aero Vodochody Aerospace on L-39NG Aircraft Sale Contracts
Kocian Solc Balastik has advised Aero Vodochody Aerospace on preparing the draft contractual documentation used in the sale of its L-39NG aircraft.
KSB Advises J&T Arch Investments on Acquisition of Minority Stake in Moneta Money Bank
Kocian Solc Balastik has advised J&T Arch Investments on its acquisition of a minority stake in the Moneta Money Bank from Petrus Advisers. Dechert reportedly advised the sellers.
Borivoj Libal Becomes Third Shareholder of Eversheds Sutherland in Prague
Eversheds Sutherland Prague office Co-Managing Partner Borivoj Libal was appointed as the firm's executive director and became its third shareholder on November 10, 2022.
Czech Republic: New Rules on AI and Product Liability
At the end of September 2022, the European Commission (EC) published the long-expected proposals for legal regulation on civil liability for damage caused with the involvement of artificial intelligence (AI Liability) and liability for damage caused by a defective product (Product Liability). Whereas a proposal on AI Liability already existed (Civil liability regime for AI, published by the European Parliament in 2020), this is the first draft of an updated Product Liability.
Czech Republic: Upcoming changes to consumer protection
Consumer protection is strongly enshrined in the Czech legal system and will be strengthened or clarified even further. It will therefore be necessary for sellers to adjust their terms and conditions in this regard.
Orrick Advises Salesforce Ventures on Mews's Series C Funding Round
Orrick has advised Mews' existing investor Salesforce Ventures on the company's recently announced Series C round of USD 185 million. Eldison reportedly advised Mews.
Closing: KKCG and Aricoma Group International Acquisition of Musala Soft Now Closed
On December 20, 2022, PPG Lawyers announced that KKCG's and Aricoma Group International’s acquisition of Musala Soft (reported by CEE Legal Matters on August 22, 2022) had closed.
Allen & Overy Advises on Fagron Ceska Republika’s Public Offer
Allen & Overy has advised Fagron B.V. on its public offer addressed to minority shareholders of Fagron Ceska Republika.
DLA Piper Advises Cube Infrastructure Managers on Acquisition of MVV Energie CZ
DLA Piper has advised Cube Infrastructure Managers on the acquisition of MVV Energie CZ. Eversheds Sutherland reportedly advised the sellers.
KSB Advises J&T IB Capital Markets on Bond Issuance by J&T Arch Convertible Sicav
Kocian Solc Balastik has advised J&T IB Capital Markets on the issuance of unsecured unsubordinated book-entry bonds by J&T Arch Convertible Sicav with a total value of up to CZK 1 billion and an option to increase by up to 100%.
Dentons Advises CSOB and Ceska Sporitelna on Financing Nova Waltrovka Project
Dentons has advised CSOB and Ceska Sporitelna on their EUR 74.13 million loan to Penta Real Estate for the construction of the office buildings within the Nova Waltrovka project in Prague.
Squire Patton Boggs Successful for Kosovo in ICC Arbitration
Squire Patton Boggs has successfully represented Kosovo in an International Chamber of Commerce arbitration concerning the revocation of a microfinance license.
Corporate Sustainability Reporting Directive Got Final Approval
On 28 November 2022, the Council of the European Union gave final approval on the Corporate Sustainability Reporting Directive (CSRD).