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In December 2019, the Court of Justice of the European Union ruled on the interpretation of the Solvency II Directive regarding the right to cancel a life insurance contract and the duty of the insurer to inform customers of the right.

Read more: Consequences for not Disclosing the Right to Cancel a Life Insurance Contract

In a preliminary ruling procedure, the Court of Justice of the European Union confirmed that the law of the Member States must make it possible for compensation for damages caused by a cartel to be granted to persons who are not direct participants in the market in which the cartel operates.

Read more: All Damaged Parties Should Have the Right to Compensation for Harm Caused by a Cartel

Kinstellar has advised Raiffeisenbank on acquisition financing for KWR Czech's acquisition of DCK Holoubkov, a company that produces all-plastic outdoor low-voltage distribution switchboards, from two unnamed individuals. KWR Czech, owned by BHS Fund II Private Equity, was advised by JSK both on the financing and on the underlying acquisition. The amount of the financing was not disclosed.

Read more: Kinstellar and JSK Advise on Financing of DCK Holoubkov Bohemia Acquisition

JSK has advised the Catalyst Capital investment group on its acquisition of the Olympia shopping center in Olomouc, in the eastern part of the Czech Republic, from an unidentified seller.

Read more: JSK Advises Catalyst Capital on Acquisition of Olympia Shopping Center in Olomouc

JSK has advised the Sedlacek family on the sale of PONY Auto Trend s.r.o. and PONY Plast s.r.o. to Fine Gusto Nature Trade s.r.o. The Marian Jerabek Law Firm in Brno reportedly advised Fine Gusto Nature Trade on the acquisition.

Read more: JSK Advises Sedlacek Family on PONY Group Sale to Fine Gusto Nature

45 days. That’s how long it took Roman Kramarik, Partner at JSK in the Czech Republic who recently became the first-ever Czechoslovakian pilot to fly around the world, to complete his 36,863-kilometer mission. After crossing three oceans, surviving monsoon rains, facing the cold of Alaska and the warmth of the Far East, all behind the controls of his Cessna P210N Centurion airplane named the “Winged Lion,” Kramarik returned to his office at the Prague law firm, rightly proud – and more than a little exhausted.

Read more: Chasing Czech Traces in Foreign Places: JSK Partner Roman Kramarik Makes Solo Flight Around the...

Things are pretty calm on the legislative front in the Czech Republic at the moment, says JSK Partner Tomas Dolezil, and nothing big is expected for the next few months either. "But next year,” he says, "the new government needs to prepare a number of legislative proposals. For instance, the Ministry of Finance is working on a reform of the Czech Capital Market.” According to Dolezil, “a concept is being discussed and produced, and is now waiting for some political guidance or discretion, and on this basis we expected legislative changes to be proposed next year. Among others it is expected that the changes will affect the Private Equity/ Venture Capital sector.”

Read more: The Buzz in the Czech Republic: Interview with Tomas Dolezil of JSK

JSK has advised investment fund BHS Private Equity Fund on the acquisition of engineering company Boco Pardubice Machines from private individuals Jan Dostal, Petr Pilny, and Jan Dotzauer, with the latter staying on as a minority partner and co-investor. Havel & Partners advised the sellers in the deal.

Read more: JSK and Havel & Partners Advises on BHS Acquisition of Boco Pardubice Machines

JSK, working in cooperation with solo practitioner Pavel Suser, has advised the shareholders of James Cook Languages on the sale of 100% of the company to Vladimir Schmalz and his EDUA Group. Rowan Legal advised the EDUA Group on the acquisition.

Read more: JSK and Rowan Legal Advise on Sale of James Cook Languages to EDUA Group

The Czech JSK law firm, the Slovak Majernik & Mihalikova law firm, and Austria's Graf Patsch Taucher have advised ARBES Technologies, a member of the Expandia Group, on its cross-border acquisition of the Slovak software company FINAMIS. The sellers were advised by the Misik law firm.

Read more: JSK, Majernik & Mihalikova, Graf Patsch Taucher, and Misik Advise on ARBES Acquisition of FINAMIS

The JSK law firm has advised Czech engineering company Toshulin on its acquisition of TOS Kurim and CKD Blansko from ALTA a.s. Havel & Partners advised ALTA in the sale.

Read more: JSK and Havel & Partners Assist with Toshulin Acquisition of TOS Kurim and CKD Blansko

JSK at a Glance

JŠK, advokátní kancelář, s.r.o. (JŠK) is a medium-sized law firm based in Prague providing a comprehensive range of commercial legal advisory services in the Czech Republic. Our team consists of almost 30 lawyers, five of whom are partners with many years of experience from leading international law firms. We advise local and international clients from banking, insurance and various industry sectors, boast a respected projects practice, and work for the public sector at the federal and municipal level.

Ever since it was founded in 2004, JŠK has striven for the epitome of professionalism, expertise and ethical integrity. We continuously seek to surpass what large global law firms can offer and to give our clients a personal approach. All mandates are equally important to us regardless of size as we guide clients through both complex and seemingly routine matters.

Our clients turn to us for advice when implementing their business plans across all areas of commercial law. We are proud members of PONTES: the CEE lawyers, a unique network of law firms through which we provide services not only in the Czech Republic but also in Austria, Bulgaria, Hungary, Poland, Romania and Slovakia.

Firm's website: http://www.jsk.cz