The broader online advertising sector will be affected by the EU Digital Markets Act (DMA) and Digital Services Act (DSA), even though they apply directly only to certain types of organisations, with expanded obligations on the largest organisations.
Clifford Chance Advises G City Europe on Disposal of Arkady Pankrac Shopping Center
Clifford Chance has advised G City Europe Limited on the sale of the Arkady Pankrac shopping center to Trigea, a part of the Partners group. White & Case reportedly advised Trigea.
Prague Alert - Amendment to the Medicines Act
Dear readers, during the New Year's rush, it may have escaped your attention that on 29 December, the Amendment to the Medicines Act was published in the Collection of Laws, in volume 203 under number 456/2023 Coll. Barring one exception, which we discuss below, the amendment already went into effect on 1 January 2024.
New Notification Obligation for Czech Energy Sector Transactions
Effective 1 January 2024, the Czech Energy Act (No. 458/2000 Coll.; "EA") mandates notification to the Ministry of Industry and Trade for both direct and indirect acquisitions of elements of energy critical infrastructure. The parties will be under a standstill obligation until the transaction is cleared. Notably, the triggering event is set to 10 % of shares or voting rights or even lower. Let's take a closer look at the new transaction review feature.
EU Regulation and the Carbon Border Adjustment Mechanism (CBAM)
Regulation (EU) 2023/956 of the European Parliament and of the Council of 10 May 2023 (the “Regulation”) establishes a carbon border adjustment mechanism. The Regulation imposes new obligations on importers of selected goods from third countries into the EU. The aim of this article is to help entrepreneurs identify whether the Regulation applies to them and, if so, what are the most important obligations it imposes on them.
CMS Advises Komercni Banka on Financing Mercedes Benz Praha Car Dealerships Acquisition
CMS has advised Komercni Banka on its financing for the acquisition of the Mercedes Benz Praha car dealerships. Badokh reportedly advised the borrower – the RCM Group.
Have Medicine Shortages in the Czech Republic Been Resolved? Yes and No.
A long-awaited amendment to the Czech Medicines Act came into force on 1 January 2024. What practical impact will it have?
Czech Republic: The Contractor's Liability for the Wage Claims of its Subcontractors in the Construction Industry
On 1 January 2024, an amendment to the Labour Code came into force that introduces final liability of the construction contractor for wage claims filed by third parties against its subcontractors. This includes wage claims from any employment agencies, up to the amount of the statutory minimum wage for each employee engaged in activities for the subcontractor.
Is Your Branch Registered? And Can We See It?
Last year's "digital amendment" introduced many changes to Czech corporate law. But one change that is often overlooked is the amendment to the Czech Public Registry Act.
CEE Attorneys Advises on Sale of BPower to Bitzer
CEE Attorneys has advised the BPower Group on the sale of BPower to Bitzer.
Czech NIS2 Implementation: Engage a Diverse Group of Professionals, Not Just IT Guys
Anticipated completion of the European NIS2 Directive's integration into Czech law is set for late 2024, facilitated by the new Czech Cybersecurity Act (CSA) and associated decrees. This legislative shift will impact an estimated 6,000 to 10,000 Czech companies, formerly exempt from cybersecurity regulations, necessitating the adoption of measures for compliance. Since the CSA is a complex legal regulation, it is advisable to engage a spectrum of experts, extending beyond IT to include legal and compliance professionals, in this transformative process.
Milan Sivy Moves to Excelia Legal as Managing Partner
Former PRK Partners Co-Head of Corporate and M&A has joined Excelia Legal as the firm's Managing Partner.
Havel & Partners Advises Lead Ventures on CloudTalk Investment
Havel & Partners has advised Lead Ventures on co-leading a EUR 26 million investment round for CouldTalk. Prielomek & Partners reportedly advised CloudTalk.
Michal Sylla Makes Associate Partner at PRK Partners in Prague
Michal Sylla has been appointed to an Associate Partner position with PRK Partners in Prague.
Eversheds Sutherland Advises on SWS Sale to Also Holding
Eversheds Sutherland has advised the shareholders of SWS on the full sale of the company – including subsidiaries Entec Solutions and SWS International in Slovakia – to Also Holding.
Shortage of Critical Medicines: is a European Solution Available?
There has been much discussion about protracted shortages of critical medicines in the Czech Republic over the last couple of months. Many national measures have been adopted. At the European Union level,the Voluntary Solidarity Mechanism for medicines has been put in place.
Kinstellar Announces New Firm-Wide Practice and Sector Leadership Appointments
Kinstellar has announced several appointments to firm-wide practice and sector leadership positions, including Partner Csilla Andreko in Budapest, Partner Iustinian Captariu and Special Counsel Magda Raducanu in Bucharest, Managing Partner Milos Velimirovic in Belgrade, Managing Partner Lukas Sevcik and Counsel Jan Lehky in Prague, and Managing Associate Lukas Mrazik in Bratislava.
CEE Attorneys Advises on Sale of Webscope to Mibcon Group
CEE Attorneys has advised Webscope shareholder Jan Vorcak on the sale of the company to the Mibcon Group.