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27 New Articles

Randa Havel Legal has advised the shareholders of the HSI spol. s r.o. and Enlogit s.r.o. technology companies to Unicorn Systems a.s. and Servodata a.s., respectively. Unicorn Systems was advised by the Simane law office, and Servodata was advised by the Law Office Chamrad - Lausmanova.

CMS has advised MOL Plc. (“MOL”), the integrated international oil and gas company headquartered in Budapest, on a EUR 615 million revolving credit facility provided by a group of ten banks. Dentons advised the banks on the facility, which was coordinated by BNP Paribas and Erste Group Bank AG, with Erste Group Bank AG acting as the Facility Agent.

BBH has announced that is has acted as advisor to Allianz Pojistovna, a.s. in connection with its merger with two Wustenrot insurance companies (Wustenrot Pojistovna, a.s. and Wustenrot, Zivotni Pojistovna, a.s.) with the two Wustenrot entities being merged into Allianz Pojistovna. According to BBH, this is the first-ever merger of three insurance companies in the Czech Republic.

Zdenek Tomicek, Partner in the Czech office of CEE Attorneys, turned first to the intended amendment to the Execution Procedure Act proposed by the Czech Ministry of Justice, which could oblige creditors to provide monetary guarantees of costs of the Court Executor in the proceedings — which would then be forfeited if execution turned out to be impossible.

Four firms in Central and Eastern European — Pepa & Dobre from Romania, JebwabnyLegal from Poland, Krutak & Partners from Czech Republic, and DKKR Partners from Hungary – have joined forces to create Arcliffe, which they describe as "a premiere legal practice in CEE.” Together, the firm claims 40 lawyers, including 18 partners.

White & Case has advised an investment vehicle advised by Macquarie Infrastructure and Real Assets (MIRA) on its EUR 79 million acquisition of a 132,000 square meter portfolio of four logistics and light industrial assets in the Czech Republic and Slovakia from joint sellers HB Reavis Group and HB Reavis CE REIF fund, each of which held two assets.

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).

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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