Former Havel & Partners Partner Josef Adam joined CZG - Ceska Zbrojovka Group SE as the Group General Counsel.

Kocian Solc Balastik has advised Czech technology accelerator AI Startup Incubator on its investment in US-Bangladeshi OpenRefactory.

Kocian Solc Balastik has advised accounting program developer Solitea on its acquisition of Czech logistics information systems supplier Prytanis.

On 14 September 2021, the Chamber of Deputies approved the long-awaited amendment to Act No. 48/1997 Coll., on Public Health Insurance (the “Act”), as returned by the Senate (the “Amendment”). It now awaits signing by the President of the Czech Republic. The Amendment brings a wide range of changes and innovations, such as rules for the entry of innovative drugs and orphan drugs into the reimbursement system, the creation of centres for rare diseases and mental health centres, and the introduction of a definition of a patient organisation.

Dentons has advised SPI International shareholders Loni Farhi and Berk Uziyel on the sale of a 70% stake in the company to Canal+. Rymarz Zdort advised the buyer.

The Czech Chamber of Deputies approved an amendment to Act No. 127/2005 Coll., on Electronic Communications (hereinafter referred to as the “ECA”), after the Czech Senate returned it earlier. The purpose of this amendment is primarily to harmonise Czech legislation with the European Electronic Communications Code. However, the amendment will also affect other areas that are not directly related to the Code. One of the most significant changes will affect anyone who operates a website or mobile application and uses statistical, analytical or advertising tools. The change is to move from the current opt-out principle for the use of cookies and similar tracking technologies to an active user consent regime, the so-called opt-in regime.

CMS and Sorainen have advised the Greco Group on its acquisition of MAI CEE Insurance Brokers.

Taylor Wessing has advised UBM Development on the sale of a Lipno lake holiday resort to Austrian Gruppe Dorn-Fussenegger member Lipno Invest Vision. Neubauer Partner reportedly advised the buyer.

Petr Soucek has joined Kinstellar's Prague office as a Managing Associate and Head of the local Dispute Resolution practice.

The Czech Republic is experiencing strong positive winds, irrespective of the severity with which the pandemic struck, and there are things aplenty to be happy about, according to Kocian Solc Balastik Partner Dagmar Dubecka.

Allen & Overy has advised Accolade Fund SICAV on the up to EUR 120 million refinancing of its entire Czech real estate portfolio provided by Ceskoslovenska Obchodni Banka and UniCredit Bank Czech Republic and Slovakia. Dentons advised the lenders on the transaction.

With the implementation deadline for the EU Directive on the protection of persons who report breaches of Union law (17 December 2021) approaching, here is a summary of the current state of the respective national measures in the Czech Republic and Slovakia and an introduction to our own whistleblowing solution: FairWhistle.

Havel & Partners has advised Arbol Capital on the acquisition of the remaining 50% of shares in Kovaco Electric. MCL advised Kovaco on the deal.

Allen & Overy has advised W.A.G. payment solutions plc (Eurowag) on its IPO on the London Stock Exchange.

Former 3M General Counsel Edit Rosta has joined SAP in Prague as a Senior Legal Counsel.

Allen & Overy has advised Czech Gas Networks Investments S.a r.l on its first-ever green issuance and placement of EUR 500 million green notes with investors on international capital markets. Clifford Chance advised the joint bookrunners Citigroup Global Markets Limited, ING Bank N.V., Societe Generale, and UniCredit Bank AG.

Kocian Solc Balastik has advised J&T Banka on entering into a strategic partnership with Amista.

Dentons has advised Ciklum on its acquisition of Czech-based software development company CN Group from Genesis Capital. Havel & Partners advised Genesis Capital on the deal.