Kocian Solc Balastik has advised SMV Invest Group on an issue of perpetual certificates in the Czech Republic.

The new European data regulation introduces new rules for the use of information from smart devices. These rules define rights to access and use data created in the EU across all economic sectors and across smart devices from different manufacturers.

Greenberg Traurig has advised the Cromwell Property Group on its EUR 285 million sale of a real estate portfolio consisting of six retail centers located in Warsaw, Szczecin, Wroclaw, Lodz, Torun, and Bydgoszcz to Star Capital Finance. Dentons advised Star Capital Finance.

Dentons has advised the CPI Property Group on its EUR 500 million issuance of Regulation S 7.0% green bonds due 2029.

We bring you a brief overview of important legislative news from the Czech Republic that should not escape your attention.

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 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.

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.

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.

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.

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.

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?

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.

The amendment to the Code of Administrative Justice, slated to take effect on 1 January 2025, will bring many changes.

Havel & Partners has advised HP Invest on its full acquisition of HP Tronic from Genesis Private Equity Fund III.

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.

We bring you a brief overview of important legislative news from the Czech Republic that should not escape your attention.

In 2024, the conditions for obtaining an employment agency permit will be further tightened.