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.

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.

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.

Czech attorney Marta Fisnerova has become the fifth partner at JSK in Prague.

Another in our series of articles leading up to the 2020 Dealer’s Choice Law Firm Summit and Deal of the Year Awards in London.

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.

JSK has advised the shareholders of Cloud4Com on the sale of a 70% stake in the company to Autocont a.s. Glatzova & Co. reportedly advised the sellers.

JSK has advised KKCG on a transfer of shares in SAZKA Group entities between it and EMMA Capital.

JSK has advised Prazska Energetika a.s. on its acquisition of Voltocm spol. s r.o. Voltcom's team was led by in-house counsel Eva Hlavackova.

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.

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.

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.”

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.

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.

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.

JSK has advised Cemex on the sale of two Slovak subsidiaries, Kamenolomy CMX s.r.o. and Cemex Aggregates Slovakia s.r.o., to CEMMAC a.s. The buyer was represented by Vanko & Vankova. 

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.