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White & Case has confirmed that Partners Michael Smrek and Damian Beaven, along with Local Partner Ales Zidek, are leaving the firm’s Prague office to join R2G, which White & Case describes as "a family office established by Oldrich Slemr, a former shareholder of Ceska Gumarenska group, a major global industrial tire manufacturing business.”

Similar to most countries in the CEE region, the Czech market is in a growing phase. After the economic downturn during 2009-2011 and slow growth in the embarrassing years of 2012 and 2013, we witnessed a change to a positive, optimistic mood in 2014 and 2015, which has led into an almost frantic buying mode in 2016.

The following is an account of a series of events that actually befell one of my firm’s foreign clients in the Czech Republic.

Kocian Solc Balastik reports that the Municipal Court in Prague has delivered a first instance decision in favor of firm client Agrofert in a case that has been ongoing since 2011 against Luxembourg company European United Bakeries (EUB).

“The guys in the Central European group were a really collegial group and we really enjoyed what we did and truly felt we were making a difference, and we had good clients, and the results were really gratifying. So it was a very good, unique core group of people who were fully committed to Central and Eastern Europe at a historic time.” – Obie Moore

The Buzz is a short summary of the major and relevant topics of interest in Central and Eastern Europe, provided by those best positioned to know: law firm partners and legal journalists/commentators on the ground in each CEE country.

The Clifford Chance Prague Corporate team has advised ASSA ABLOY, which it describes as "the international market leader in door opening solutions operating in more than 70 countries,” on the successful conclusion of an agreement for the sale of its global car lock business to Alpha Corporation, a Japanese manufacturer of lock and key products for the automobile, housing, and industrial sectors. Allen & Overy represented Alpha on the deal. The sale remains subject to regulatory approval and is expected to close in the second quarter of 2016.

Women’s Day is behind us, but the subjects of gender equality and equal opportunity are of year-round concern. This, the first part of a special two-part CEE Legal Matters article on women in private practice in CEE, provides the numbers and percentages from leading law firms across CEE, as well as a more thorough snapshot of one representative market. Part II of the report, in the June issue, will pull back the curtain even more, providing feedback and perspectives from lawyers across the region.

The Czech Republic’s Hruby & Buchvaldek law firm has been engaged by Sebre — a Czech real estate development company — to advise it during the preparation of its new Medport project in Holesovice, a developing area of Prague. According to Hruby & Buchvaldek, Medport will be a multi-purpose building "featuring the innovative and modern architectural design of the renowned studio led by Stanislav Fiala."

Czech Republic Knowledge Partner

For more than 25 years PRK Partners has been providing top tier, comprehensive legal services in all areas of law – always at the highest professional level. The company’s offices in Prague, Ostrava and Bratislava, as well as its specialised teams of legal practitioners and tax advisors, allow PRK Partners to offer solutions to any kind of legal issues, providing an international point of view and in-depth knowledge of the respective local legal system.

The full-service law firm has worked on many of the region’s largest and most complex transactions. The firm puts emphasis on the highest standards of quality, efficiency and flexibility in its advisory services, which are tailored to the specific requirements of each client. 

Our team is composed of professionals with international education and experience. The firm frequently works on a non-exclusive basis with leading international law firms on large cross-border transactions.

PRK Partners is consistently recognised among the top law firms by leading international and domestic directories and ratings agencies and has been honoured with numerous awards: 

• National Law Firm of the Year 2016 by the Chambers Europe Awards, the most prestigious international law firm competition. This is the fifth award PRK Partners has received since the awards were first given; National Law Firm of the Year 2014, 2013 and 2010 and Law Firm of the Year 2012 for Best Client Service.

• 2018 Best Law Firm of the Year in the category of Banking &Finance and the absolute winner in the main category of the Domestic Law Firm of the Year awards organised by epravo.cz under the auspices of the Czech Bar Association three times since the award's inception (in 2016, 2013 and 2011).

• a finalist of the Central European Law Firm of the Year category in The Lawyer European Awards 2018. 

The firm has a strong commitment to corporate social responsibility and pro bono work.

PRK Partners is the exclusive member firm in the Czech Republic for Lex Mundi, the world’s leading network of independent law firms, with in-depth experience in 100+ countries worldwide. In addition, the firm is a member of Celia Alliance, AFI (Association for Foreign Investment) and CVCA (the Czech Private Equity and Venture Capital Association).

Firm's website: www.prkpartners.com

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