On February 9, 2023, the Committee on Industry, Research, and Energy voted in favor of a revised Energy Performance of Buildings Directive (EPBD), which is a part of the EU’s new extensive climate and energy legislation known as “Fit for 55”. The main objective of the revised EPBD is to reduce greenhouse gas emissions and the overall energy consumption of buildings by 2030 with the eventual goal of reaching climate-neutral buildings in the EU by 2050.
CEE Real Estate Keeps It Real
Following a tumultuous year marked by the ongoing conflict in the region and rising financing expenses, we reached out to experts across CEE to gain a deeper understanding of the real estate landscape, including key factors driving the industry and the primary obstacles it faces.
Renewables in Czech Republic
Contributed by Kocian Solc Balastik
Wolf Theiss Advises Sekyra Group on Forward Sale of Affordable Housing Project in Prague
Wolf Theiss has advised the Sekyra Group on its forward sale of the Opatov II residential project to Dostupne Bydleni Ceske Sporitelny and the Vienna Insurance Group's Kooperativa Pojistovna.
Tomas Scerba and Michal Hink Join DLA Piper as Partners in Prague
Former White & Case Local Partner Tomas Scerba and Michal Hink – previously Dentons’ Czech Republic Managing Partner – have joined DLA Piper’s Prague office as Partners. Alongside the two, Leo Javorek also joined the firm as a Counsel.
Weinhold Legal Successful for City of Kladno Before Supreme Administrative Court
Weinhold Legal has successfully represented the City of Kladno before the Czech Republic's Supreme Administrative Court in a dispute regarding the determination of the municipality's contribution to transport services on intercity bus routes.
White & Case Advises PPF Group on 15% Stake Acquisition in InPost
White & Case has advised the PPF Group on its acquisition of a 15% shareholding in InPost from Advent International for EUR 10 per share. Weil, Gotshal & Manges advised Advent.
Glatzova & Co and Novalia Advise on Sale of Extra Online Media to Burda International
Glatzova & Co has advised Pale Fire Capital and Tomas Kacena on their full sale of Extra Online Media to Burda International CZ. Novalia advised Burda International.
Dentons and White & Case Advise on Sale of Meopta to Carlyle
Dentons has advised the shareholders of the Meopta Group on the sale of the company to Carlyle. White & Case and, reportedly, Linklaters and Latham & Watkins advised Carlyle.
A Single Patent for All of Europe and a Central Patent Court? Already Realities
Just in time for Children's Day, the dreams of many adult inventors came true!
Marcela Kanova Returns to Private Practice as Partner with Rowan Legal
Former IBM Associate Partner Marcela Kanova has returned to private practice by joining Rowan Legal as a Partner in Prague.
Dentons and White & Case Advise on Komercni Banka and Ceska Sporitelna ESG Amendment for Eurowag Loan
Dentons has advised Komercni Banka and Ceska Sporitelna on a sustainability-linked ESG loan amendment for the 2022 W.A.G. Payment Solutions (Eurowag) multicurrency term and revolving facilities agreement. White & Case advised Eurowag.
Glatzova & Co Advises J&T Bank on CZK 700 Million Trigema Real Estate Finance Issuance
Glatzova & Co has advised J&T Bank on a CZK 700 million Trigema Real Estate Finance publicly offered senior secured bond issuance.
Retail Investment Package: New Rules for Consumer Protection in the World of Investments
On 24 May 2023, the European Commission published "the most ambitious legislative proposal since the inception of EU financial regulation ", as the Commissioner for Financial Services Mairead McGuinnes described the proposal for a directive as regards the retail investor protection rules (Retail Investment Package).
Reals and Wilsons Advise on Fio Acquisition of Rohan Business Center from Reico
Reals has advised Fio Financial Group's investment company on Fio Real Estate Fund's EUR 31.3 million acquisition of the Rohan Business Center office building in Prague from Reico CS Nemovitostni. Wilsons advised the seller.
The Legislative Push in the Czech Republic: A Buzz Interview with Josef Donat of Rowan Legal
The legal environment in the Czech Republic is currently undergoing significant changes, primarily focusing on the implementation of the NIS2 cybersecurity Directive, whistleblowing legislation, tax reform, and class actions, according to Rowan Legal Partner Josef Donat.
Kinstellar and Finreg Partners Advise on Roier Investment
Kinstellar has advised the founders of Czech crowdfunding platform Roier on an investment from Jan Blasko and Jiri Wallenfels. Finreg Partners advised the investors.
Closing: Yokohama Acquisition of Trelleborg Wheel Systems Now Closed
On May 24, 2023, PRK Partners announced that Yokohama Rubber’s acquisition of Trelleborg Wheel Systems (reported by CEE Legal Matters on April 13, 2022) had closed.