With instability and uncertainty both in the political and economic spheres, the Czech Republic is preparing for a new wave of restructuring and insolvency procedures, according to Dentons Partner Jiri Tomola.
Romana Szutanyi Joins Rowan Legal as Head of Employment
Former KPMG Lawyer Romana Szutanyi has joined Rowan Legal as Head of Employment.
New Cybersecurity Rules in Europe
Europe is awaiting the evolution of cybersecurity. On 3 May 2022, the Council and the European Parliament agreed on the so-called NIS 2 Directive (Directive on measures for a high common level of cybersecurity across the Union). NIS 2 repeals the currently effective NIS Directive.
PwC Legal and Rowan Legal Advise on Sale of AMiT to Central European Industry Partners
PwC Legal has advised AMiT Holding co-founders and co-owners Michal Prerovsky, Martin Vosahlo, and Karel Ludvik on their sale of a 70% stake in AMiT Holding to Central Europe Industry Partners. Rowan Legal advised CEIP on the acquisition.
KSB and Wilsons Advise on Passerinvest Group’s Acquisition of Gamma Office Project from Immofinanz
Kocian Solc Balastik has advised the Passerinvest Group on its acquisition of Prague’s Gamma office project from Immofinanz. Wilsons advised the seller.
Clifford Chance Advises Actis on Romanian Wind Project Acquisition
Clifford Chance has advised Actis on the launch of its portfolio business Rezolv Energy and on Rezolv's acquisition of the Romanian Vis Viva onshore wind project from Low Carbon.
How Will the Consumer Amendment Affect the Digital World?
A major amendment to consumer law is on the horizon in the Czech Republic, and although it has so far undergone only a first reading in the Chamber of Deputies, it is not premature to look at its content. As for the most part it consists of the implementation of European directives, which leave almost no room for deviation, no major changes to the proposed draft are expected to be made during the legislative process. Another focus of this legislative amendment is digital content, particularly the rights and obligations connected to its supply.
JSK Advises Abris Capital Partners and Alsendo on Zaslat.cz Acquisition
JSK has advised Abris Capital Partners and its portfolio company Alsendo on their acquisition of a majority stake in Zaslat.cz. Samak reportedly advised the sellers.
DLA Piper and Baker McKenzie Advise on Wirtualna Polska’s Acquisition of Szallas Group
DLA Piper has advised Wirtualna Polska on its acquisition of the Szallas Group from Portfolion Capital Partners and private individuals. Baker McKenzie advised Portfolion.
Glatzova & Co and NK Law Group Advise on Pale Fire Capital Acquisition of Stake in Acond
Glatzova & Co has advised Pale Fire Capital on its acquisition of an investment stake in Czech heat pump manufacturer Acond. The NK Law Group advised the previous investor on the sale.
NNDKP and Firon Bar-Nir Advise on International Game Technology's Acquisition of iSoftBet
Nestor Nestor Diculescu Kingston Petersen, working with Wachtell Lipton Rosen & Katz, has advised International Game Technology on the acquisition of iSoftBet. Firon Bar-Nir advised the sellers.
Dentons Advises CPIPG on EUR 1.852 Billion Forward Start Facility
Dentons has advised the CPI Property Group on a EUR 1.852 billion forward start facility to refinance the two-year bridge loans for the acquisitions of Immofinanz and S IMMO, extending their maturity until 2025. Reportedly, Linklaters advised the lenders.
Dentons, Polenak, Boyanov & Co, and Clifford Chance Advise on Financing for KKCG Group’s Acquisition of Musala Soft
Dentons has advised a syndicate of banks led by Ceska Sporitelna, and including Ceskoslovenska Obchodni Banka and Komercni Banka, on the financing of KKCG Group and Aricoma Group’s acquisition of Musala Soft. Polenak, Boyanov & Co, and, reportedly, Andric and TM & Partners advised the banks as well. Clifford Chance advised Aricoma Group on the deal.
BNT Attorneys Announces New Czech MP and Two New Partners
BNT Attorneys has announced that Tomas Behounek will take on the role of Managing Partner as of August 30, 2022. At the same time, the firm promoted Peter Maysenhoelder to Equity Partner and Lenka Zachardova to Associated Partner.
Deal 5: Kofola CFO Martin Pisklak on the Group's Refinancing
On July 13, 2022, CEE Legal Matters reported that Onisko & Holesova, Planinic Soljic & Partners, and solo practitioner Klemen Ticar advised Kofola on its refinancing. CEE In-House Matters spoke with Martin Pisklak, Group Chief Financial Officer at Kofola CeskoSlovensko, to learn more about the matter.
Borivoj Libal Joins Eversheds Sutherland Prague Office as Co-Managing Partner
Former Noerr Co-Managing Partner Borivoj Libal has joined Eversheds Sutherland's Prague office together with a team of three lawyers.
Probationary Period and Discrimination in Light of Czech Case Law
It is common for employers and employees to agree on a probationary period in the employment contract. The employee can check whether the type of work, place of work and the wage or other working conditions suit them, while the employer can use the probationary period to assess whether the employee is meeting its expectations. During the probationary period, each party can decide whether they wish to remain in the employment relationship or to terminate it.