Nedelka Kubac Advokati has successfully represented the interests of XXXLutz in achieving a "nearly 99% reduction" of a fine imposed by the Czech Competition Authority.
According to its announcement, NKA has "achieved a substantial reduction in the fine imposed on XXXLutz, a leading furniture retailer, by the Czech Competition Authority for the alleged non-fulfilment of its obligations assumed in the Czech Republic in connection with the approval of its acquisition of the competing group Kika. Based on the remonstrance by NKA, the fine imposed on XXXLutz in the first instance was reduced by nearly 99% to a symbolic amount of CZK 324,000."
The NKA team included Partner Martin Nedelka and Senior Associate Ondrej Cizek.
