White & Case has announced a change in the leadership of its Prague office, effective June 1, 2018.
“The Czech business market seems to be affected by a series of changes in the legal sector that are expected in the near future,” reports Zdenek Tomicek, Partner at CEE Attorneys in Prague. First, he says, the legal system is now preparing to provide for joint legal actions. In addition, a new amendment to the country’s Insolvency Act is creating waves on the market.
On January 2, 2018, CEE Legal Matters reported that Czech pharmacy chain Dr. Max acquired the entire A&D Pharma network in Romania, in a transaction that has been shortlisted for CEE Deal of the Year 2017 in the country. While the transaction awaits approval from authorities, we reached out to Ivo Senkyrik, Head of Group M&A at Dr. Max, to find out how his team made the deal happen.
Rita Ran Pang is a Chinese-qualified lawyer and a member of Kinstellar’s business development team, focussing on the Chinese market. Before joining Kinstellar in Prague, she worked for a Chinese law firm in Shanghai for five years, where she focused on foreign investment, cross-border transactions, merger & acquisitions, and outbound investment.
The old Czech Commercial Code, which dated from 1991, prescribed that one third of the supervisory board of joint-stock companies with more than 50 employees must be elected by the employees. This originally brief regulation became increasingly complex, and by the time the Commercial Code was repealed thirteen years later it included detailed instructions on the matter.