Generally, in the Czech Republic investment incentives are provided by the state to support businesses in regions other than Prague. They are approved by the government in cooperation with the respective ministries and processed by the state agency CzechInvest.
In the past twelve months, energy prices seem to have taken a life of their own. Their continued and, at times, shocking growth has raised concerns across the region and prompted differing responses and policy changes in each country. To get a more accurate picture of recent developments, we reached out to experts in Bulgaria, the Czech Republic, Moldova, Montenegro, Poland, and Turkey and asked them about the current energy prices, their impact on local economies, the drivers behind their growth, and whether any plans were in place to address the issue.
DLA Piper has advised the Aareal Bank on providing EUR 360 million senior facility for Pradera European Retail Parks’ international retail property portfolio financing.
CEE Legal Matters readers will likely be familiar with Patricia Gannon as one of the founders of Karanovic & Partners. Since her withdrawal from the firm (reported by CEE Legal Matters on September 21, 2020), Gannon ran her own "holistic strategic advisory business" (as reported on October 12, 2020) and, recently, she announced she is working on a new social media app for lawyers – Platforum 9. We caught up with her to learn more about her new project.
The Russian aggression in Ukraine, raging for more than two months now, has affected the Czech Republic to a significant extent, impacting the prices of energy across all sectors. Coupled with the rising levels of inflation, the country finds itself out of balance, according to Rowan Legal Partner Jan Frey, who says it is quite hard to predict what the rest of the year will bring.
DLA Piper has advised PPF Real Estate on its acquisition of an 8,000 square-meter construction site plot in the Orhideea area of Bucharest from RC Europe. Baker McKenzie reportedly advised RC Europe.
Dentons has advised a syndicate of banks including joint bookrunners Citi, Deutsche Bank, Erste Group, and SMBC Nikko and co-lead manager Raiffeisen Bank International on the EUR 600 million debut sustainability-linked bond issuance by CEZ. Kinstellar and, reportedly, Linklaters advised CEZ on the issuance.
On February 25, 2022, CEE Legal Matters reported that Clifford Chance had advised Commerz Real on its sale of Charles Square Center to a closed-end European real estate fund represented by KGAL Investment Management. CEE In-House Matters spoke with Dirk Schilo, Senior Legal Counsel at Commerz Real to learn more about the deal.
BDK Advokati and PRK Partners, working with Freshfields Bruckhaus Deringer, have advised Yokohama Rubber on the acquisition of Trelleborg Wheel Systems Holding from Sweden's Trelleborg AB.