This guest editorial is a critique of the Czech judicial system, which is similar to the judicial systems of most if not all CEE countries.
Under the provisions of the Statutory Measure of the Senate No. 340/2013 Coll. on Real Estate Transfer Tax (the "RE Transfer Tax Act"), the transferor is obliged to pay the real estate transfer tax (the "RE Transfer Tax") when ownership title to real estate is acquired by purchase or exchange, unless the transferor and the transferee stipulate otherwise in the purchase or exchange agreement. If the transferor does not fulfil its obligation to pay the RE Transfer Tax, the RE Transfer Tax Act establishes the statutory guarantee consisting in the duty of the transferee to do so.
Weinhold Legal has advised the Polish group ITAKA, the largest travel agency active on the Polish market, on its acquisition of CEDOK, the oldest Czech travel agency, active on the Czech market since 1920. The US-Turkish company Odien was reported to be the seller of CEDOK on the deal. The value of the transaction was not disclosed.
The Czech Republic’s Balcar, Polansky & Spol. law firm has obtained what it describes as "a landmark judgement” by the Court of Justice of the European Union (CJEU) in favor of the firm's clients — famous trademark owners including Tommy Hilfiger, Burberry, and Lacoste — and against Delta Center a.s., a Czech market hall operator.
Hengeler Mueller was lead counsel to the Chicago-based Filtration Group on its acquisition of the industrial filtration business of the MAHLE Group with Wolf Theiss advising on Polish, Romanian, Hungarian, Austrian, and Czech law aspects of the transaction. Slaughter & May advised in the UK, Paul Hastings in United States, Fangda in China, Bredin Prat in France, and Mori Hamada in Japan.
On July 18, 2016, CEELM reported that JSK advised Ashok Leyland UEA on the ownership transfer of truck manufacturer Ashok Leyland Motors to the Czechoslovak Group.
Z/C/H Legal has advised CEM VISION, a Czech investment company, on its acquisition of a 100% ownership interest in CEMOD-CZ s.r.o., the former home and fashion subsidiary of the 3SI Group in the Czech Republic and Slovakia. The seller was advised by Kinstellar in the Czech Republic and Linklaters in France.
Allen & Overy advised HB Reavis (HB Reavis Group and HB Reavis CE REIF), on the EUR 79 million sale of its four logistics centers in the Czech Republic and Slovakia to Macquarie Group. As previously reported by CEE Legal Matters, White & Case advised the Macquarie Group on the deal.