Clifford Chance has promoted Michal Jasek and Milan Rakosnik to Partner.

BBH has advised PPF Real Estate on its acquisition of Quinn Hotels Praha which owns Hilton Prague. CMS advised Quinn Hotels Praha.

The Czech Republic has recently implemented new regulations for crypto-asset service providers, marking a significant step in aligning its legal framework with European Union standards. The Act on Digitalisation of the Financial Market (ZDFT), effective as of 15 February 2025, introduces comprehensive rules for the rapidly evolving digital finance sector. This article delves into the main features of the new law, its practical implications, and the specifics of the Czech regulation in the area of digital finance and crypto-assets.

Clifford Chance has advised Sumitomo Mitsui Banking Corporation as the sole coordinator, sole bookrunner, and mandated lead arranger on a JPY 80 billion samurai loan for Energeticky a Prumyslovy Holding.

Peterka & Partners Partner Adela Krbcova talks about labor in 2025 in the Czech Republic.

Over the past few years, the gaming sector has been thriving in CEE. Kinstellar Partner Milan Samardzic, Rowan Legal Partner Milos Olik, ACI Partners Head of Fintech and E-Payments Nicolina Turcan, and Linklaters Warsaw Associate Aleksandra Czubek explore how CEE jurisdictions are driving the industry forward and unlocking new potential.

The European Union is following its roadmap to strengthen the cybersecurity framework. After the Cybersecurity Act (Regulation (EU) 2019/881), which created a certification framework and established the European Union Agency for Cybersecurity (ENISA), and NIS 2 (Directive (EU) 2022/2555), which aims at enhancing the cybersecurity of essential and important services, the European Union introduced the protection of connected software and devices, in other words, the cybersecurity of the IoT. In October 2024, the European Council officially adopted the Cyber Resilience Act (CRA) which is about to be published in the EU Official Journal. The Czech Republic is now intensively preparing for the adoption of the Cybersecurity Act, which transposes the NIS 2 Directive, but awareness of CRA is low, even though critical software is being developed in the Czech Republic.

With the end of the 2024 calendar year accounting period, companies must focus on key obligations associated with it. This overview, prepared by the law firm Eversheds Sutherland, summarizes the most important deadlines and obligations related to financial statements, the annual report, the related parties report, and the filing of the corporate income tax return. Proper and timely fulfillment of these obligations is essential to comply with legal requirements.

Reals has advised Investika Real Estate Fund on the acquisition of the Anglicke Nabrezi – U Zvonu development project in Pilsen from private sellers. Krivanek Tomasek and Andrs and Haloun reportedly advised the sellers.

CEE Legal Matters is proud to introduce the latest in our Comparative Guides series. This one focuses on Real Estate in CEE.

Contributed by PRK Partners.

The latest DLA Piper GDPR Fines and Data Breach Survey provides a comprehensive overview of data protection enforcement trends across Europe, including the Central and Eastern European (CEE) region. CEE countries are in the mid-range in terms of total GDPR fines imposed since the regulation became applicable in 2018 and for last year, but enforcement activity is steadily increasing. Here are the latest trends and legal developments in Austria, the Czech Republic, Hungary, Poland, Romania, and Slovakia.

When discussing competition law, the Competition Authority and its powers are usually part of the business conversation, given that it is the key enforcer ensuring fair competition and penalizing those who try to distort it. However, for many undertakings, a decision by the Competition Authority isn’t always the end of their fight for justice – sometimes it’s just the beginning. Affected competitors often have to undertake significant efforts to seek compensation from those whose anti-competitive behaviour has harmed or even destroyed their business. In this article, we share our experience with the first-ever successful follow-on damages action in the Czech Republic and the challenges we encountered along the way.

Gleiss Lutz has advised EP Global Commerce on foreign investment control and merger control matters related to its public delisting offer for all shares in Metro AG not already held by EPGC.

CMS has advised a club of Czech banks including Ceska Sporitelna, Ceskoslovenska Obchodni Banka, Komercni Banka, and Raiffeisenbank, on financing for Smarty Brands Group. 

Clifford Chance has advised Amadeus Real Estate on the sale of a majority shareholding interest in Maj Narodni – the owner of the Maj Narodni shopping and entertainment center in Prague – to Fond Realita. BBH advised Fond Realita. White & Case reportedly advised the financing banks.

Allen Overy Shearman Sterling has advised Doosan Skoda Power on its CZK 2.53 billion initial public offering on the Prime Market of the Prague Stock Exchange. Clifford Chance advised the joint global coordinators Raiffeisen Bank and Wood & Company.

Eversheds Sutherland has advised Orbian on its acquisition of Platebni Instituce Roger from KB SmartSolutions and other shareholders. BPV Braun Partners advised one of the selling shareholders, Echilon Capital.