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65 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).

“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.

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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