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As consumers conduct an ever-increasing amount of their shopping and banking on-line, the digitalization revolution is having a significant effect on both industries, and payment service providers – companies offering online services allowing merchants to accept electronic payments by, among other forms, credit cards or bank-based payments such as direct debit, bank transfer, and real-time bank transfer based on online banking – are working with both merchants and banks to facilitate their operations. 

This past autumn brought extensive changes to the Czech Republic’s real estate acquisition tax, which, according to lawmakers, should align the country’s regulation to the European standard. Is it really the case? With the assistance of members of the Real Estate team within Taylor Wessing CEE, we compare the new regulation to those in neighboring countries. 

Allen & Overy has advised the EPISO 4 opportunistic fund, managed by Tristan Capital Partners, and its co-investing local partner, Mint Investments, on their acquisition of the Avenir Business Park in the Nove Butovice neighborhood of Prague from debt restructuring firm Lone Star. Kinstellar advised the sellers on the deal.

Lakatos, Koves and Partners has provided Hungarian law advice to Mid Europa Partners in relation to the IPO of Waberer’s International Nyrt., one of Europe’s largest haulage and logistics companies. White & Case acted as international legal advisor, and Shearman & Sterling and Kinstellar represented the Mandated Lead Arrangers.  

Allen & Overy has announced that it advised Fortuna Entertainment Group on the acquisition of the 100% share in Hattrick Sports Group Ltd., Ireland, the owner of the Casa Pariurilor betting operator in Romania, the PSK and Hattrick operator in Croatia, and B2B operations in Spain, Germany, and other European countries.

Slaughter and May has advised Centrica plc on the sale of its operational Langage and South Humber Bank combined cycle gas turbine power stations with a combined capacity of 2.3GW to a subsidiary of Energeticky a prumyslovy holding, a. s. for GBP 318 million in cash (subject to customary working capital and other completion adjustments).

The Corporations Act provides that the venue, date and time of a general meeting must be set in such a manner that shareholders’ rights to attend (and vote) are not unreasonably limited. Would this statutory requirement be met if the general meeting were held in a foreign country? If so, under what circumstances?

In The Corner Office we invite Managing Partners at law firms from across the region to share information about their careers, management styles, and strategies. The question this time around: Is your personal practice more or less the one you anticipated when you finished law school, or did it change somehow in the interim?

Czech Republic Knowledge Partner

JŠK, advokátní kancelář, s.r.o. (JŠK) is a medium-sized law firm based in Prague providing a comprehensive range of commercial legal advisory services in the Czech Republic. Our team consists of almost 30 lawyers, five of whom are partners with many years of experience from leading international law firms. We advise local and international clients from banking, insurance and various industry sectors, boast a respected projects practice, and work for the public sector at the federal and municipal level.

Ever since it was founded in 2004, JŠK has striven for the epitome of professionalism, expertise and ethical integrity. We continuously seek to surpass what large global law firms can offer and to give our clients a personal approach. All mandates are equally important to us regardless of size as we guide clients through both complex and seemingly routine matters.

Our clients turn to us for advice when implementing their business plans across all areas of commercial law. We are proud members of PONTES: the CEE lawyers, a unique network of law firms through which we provide services not only in the Czech Republic but also in Austria, Bulgaria, Hungary, Poland, Romania and Slovakia.

Firm's website: http://www.jsk.cz

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