BPV Braun Partners has advised Immofinanz on its acquisition of the Palmovka Open Park office complex in Prague from Metrostav Development for approximately EUR 76.4 million. Havel Partners advised Metrostav Development on the sale.
White & Case has advised EP Infrastructure, a.s. on the issuance of its EUR 600 million 1.698% notes due 2026 and their admission to trading on the Global Exchange Market of the Irish Stock Exchange, trading as Euronext Dublin. Joint book-runners Citigroup, HSBC, ICBC Standard Bank, Societe Generale Corporate and Investment Banking, and UniCredit Bank were reportedly advised by Clifford Chance.
Schoenherr, working with lead counsel Herbert Smith Freehills, has advised BNP Paribas on a EUR 345 million term and revolving facilities agreement for Financiere SNOP Dunois S.A. in relation to its acquisition of manufacturing facilities from Tower International. Sullivan & Cromwell was lead counsel to the borrower; and Barthelemy & Partners provided Czech counsel.
The tobacco products market is heavily regulated in the Czech Republic, as it is across the European Union. A key document is the Tobacco Products Directive (2014/40/EU), which sets out a uniform, detailed framework for all EU member states. The TPD thus provides substantial direction regarding tobacco regulation, tobacco products, and electronic cigarettes, as well as novel tobacco products. It includes comprehensive definitions of various types of tobacco products and regulates their labeling and packaging, mandatory health warnings and security features, and how to place them on the EU market.
Having been a foreign lawyer abroad for a significant part of my career so far – this last decade in CEE – I can say that the past couple of years have been the most interesting, and I mean that in the Confucian sense. Not because of local market developments or interesting deals – though there have been plenty of both – but because of the events of 2016 and a certain painful embarrassment and anguish I feel when a well-meaning acquaintance, colleague, or client, in genuine bewilderment, looks me in the eye and asks me, in my capacity as a British citizen and English lawyer, “what on earth is going on?”