Kinstellar has advised S Immo AG on its acquisition of a EUR 463 million property portfolio in the Czech Republic from the CPI Property Group.
Glatzova & Co Advises J&T Banka and J&T IB on Natland's CZK 600 Million Senior Bond Issuance
Glatzova & Co has advised manager, administrator, and listing agent J&T Banka and arranger J&T IB and Capital Markets on Natland Investment Fund SICAV’s CZK 600 million senior bond issuance.
New Rules for Work Agreements Once Again!
The new legislation regarding agreements to complete a job has not even come into effect yet, and the Chamber of Deputies has already introduced further updates.
Current Issues Relating to Whistleblowing in the Czech Republic
It has been more than half a year since the Czech Republic transposed the EU Whistleblowing Directive by introducing the Czech Whistleblower Protection Act (Act), effective as of August 1, 2023.
Cybersecurity – New Challenge for Czech Businesses?
Similarly to other countries, the Czech Republic is undergoing a digital transformation. Without a doubt, this transformation allows businesses to facilitate their operations and makes all of our lives much easier. On the other hand, this transformation leads to new cybersecurity threats that may hinder businesses and cause significant losses.
What to Expect in Czech M&A in 2024
The Czech economy entered a deep slump in 2023 caused by the rather rare and unfortunate combination of negative economic and geopolitical factors, including one of the highest inflation rates in the EU, rising interest rates, high energy prices, a large public finance deficit, and the adverse impacts of the war in Ukraine. Altogether, these economic difficulties resulted not just in an economic recession but also adversely affected the Czech M&A market.
The Corner Office: Skills of Tomorrow
In The Corner Office, we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. Given the dynamic and ever-evolving nature of the legal profession, we asked: What is the one critical skill that you’re investing time and energy in to develop within your team, and why?
Czech Republic: Desired Acceleration of Permitting Processes in Jeopardy
The annoying length of the construction permitting process in the Czech Republic became a notoriety. Thanks to this, the prices of new dwelling premises are sky-high, and foreign investors are leaving their projects because they are unable to plan their investment – a striking example of which is the recently abandoned Microsoft project of a new data center in Prague.
Selected Aspects of the Planned Amendment to the Rules of Administrative Procedure
The amendment to the Code of Administrative Justice, slated to take effect on 1 January 2025, will bring many changes.
Havel & Partners Advises HP Invest on Acquisition of HP Tronic from Genesis Private Equity Fund III
Havel & Partners has advised HP Invest on its full acquisition of HP Tronic from Genesis Private Equity Fund III.
Clifford Chance Advises on Oriens' Acquisition of Hruska
Clifford Chance has advised Ceskoslovenska Obchodni Banka and Ceska Sporitelna on the financing for Oriens group member Central European Retail Holding's acquisition of the Hruska retail chain through the full acquisition of Hruska and Sempronemo. Clifford Chance also advised Oriens on the acquisition transaction.
Czech Legal News
We bring you a brief overview of important legislative news from the Czech Republic that should not escape your attention.
Changes to Agency Employment in 2024
In 2024, the conditions for obtaining an employment agency permit will be further tightened.
Martin Seda Appointed Chief Legal & Compliance Officer at Home Credit International
Former Home Credit International Legal Manager Martin Seda has been promoted to the Chief Legal & Compliance Officer position for the group.
E+H and Schoenherr Advise on PAI Partners' Acquisition of VAMED Group's Rehabilitation Business
E+H has advised PAI Partners on the acquisition of VAMED Group's rehabilitation business from Fresenius. Schoenherr, working with Latham & Watkins, advised the sellers. Reportedly, Willkie Farr & Gallagher, Novacos, Baer & Karrer, KNPZ Rechtsanwaelte, and Havel & Partners advised on the deal as well.
Glatzova & Co Advises Pale Fire Capital on License from Czech National Bank
Glatzova & Co has helped Pale Fire Capital obtain a license from the Czech National Bank for an investment company authorized to exceed the so-called "decisive limit."
PwC Legal and Forlex Advise on Orlen Projekt's Acquisition of UNIS Design and Engineering Activities
PwC Legal has advised Orlen Unipetrol Group on Orlen Projekt's acquisition of design and engineering activities from Brno-based UNIS and UNIS Power. Forlex advised the seller.
Glatzova & Co Advises Bohemia Properties on Sale of Land in Strizkov to Daramis
Glatzova & Co has advised Bohemia Properties on the sale of land in Strizkov to be used for a residential project to Daramis.