Former Clifford Chance Of Counsel Tomas Richter has moved to JSK in Prague as the firm's new Head of Restructuring and Insolvency.
JSK and Hladky Legal Advise on Znacky Morava Sale
JSK, working in cooperation with solo practitioner Daniel Marousek, has advised TGA Holding on the sale of Znacky Morava and its Grames and Silverton affiliates to CIDEM Invest. Hladky Legal advised CIDEM invest on the deal.
An Unusual Year in Review: Our Annual Expert Round Table
On December 15, 2020 CEELM gathered legal experts from across the region for its annual Year-in-Review Round Table conversation. In a wide-ranging discussion, participants shared opinions and perspectives on their markets, on strong (and less-strong) practices across the region, and the effect of the COVID-19 crisis on both, as well as on how technology is changing the legal industry, and what the industry will look like in 2021.
Market Snapshot: Recent Developments and Major Amendment of the Business Corporations Act
The M&A market in 2020 has been significantly affected by the coronavirus pandemic. According to the latest quarterly M&A overview prepared by CzechInvest, the leading agency supporting business and investments in the Czech Republic, “in a very short period of time and on a large scale, many companies have had to close down or limit their operations, dismiss stuff members, and disrupt supply chains.” Although there has been some recovery since May, the situation remains unpredictable. The second and next presumed waves will likely bring even more uncertainty.
Inside Out: Wordline’s Acquisition of GoPay
On September 24, 2020, CEE Legal Matters reported that Baker McKenzie’s Prague office had advised Worldline SA/NV on its acquisition of a 53% of stake in GoPay. JSK and Urban & Hejduk advised the sellers on the deal, Pavel Schwarz Jr. and BUDEX Direct.
JSK Advises on Sale of TKZ Polna to Rose Investments Group
JSK has advised shareholders Petr Janu, Jan Zvonik, Ladislav Partl, and Jiri Trcka on the sale of TKZ Polna, spol. s r.o. to the Rose Investments Group.
JSK and Noerr Advise on R22's Acquisition of Czech Communication Provider ProfiSMS
JSK has advised Poland's R22 Group on its acquisition by auction of a 100% stake in ProfiSMS s.r.o. and its two Czech fully-owned subsidiaries, Axima SMS Services s.r.o. and SMSbrana s.r.o. The sellers – Net Brokers Holding, which is owned by the Bauer Media Group – were represented by Noerr.
Baker McKenzie, JSK, and Urban & Hejduk Advise on Acquisition of GoPay by Worldline
Baker McKenzie’s Prague office has advised Worldline SA/NV on its acquisition of a 53% of stake in Gopay. JSK and Urban & Hejduk advised the seller on the deal.
Marketing Law Firm Marketing: Childhood Dreams
We decided to lighten the mood this time around by asking our Law Firm Marketing experts from across the region a non-law-firm related question: “What did you most want to be when you were little?”
The Buzz in Czech Republic: Interview with Roman Kramarik of JSK
Roman Kramarik, Partner at JSK in Prague, is making every effort to distance himself from politics, although he reports that “you can’t even call it politics anymore, but rather a showing off of the state’s executive power.”
JSK and Mavericks Advise on Investments in Dot Glasses
JSK has advised Tilia Impact Ventures and Nation 1 on their investment in Dot Glasses, a provider of a radical new concept for prescription eyeglasses for people in need. The Mavericks law firm advised Dot Glasses on the deal.
Consequences for not Disclosing the Right to Cancel a Life Insurance Contract
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.
All Damaged Parties Should Have the Right to Compensation for Harm Caused by a Cartel
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 and JSK Advise on Financing of DCK Holoubkov Bohemia Acquisition
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.
Marta Fisnerova Becomes Partner at JSK
Czech attorney Marta Fisnerova has become the fifth partner at JSK in Prague.
On the Road: How CEE Law Firms Structure Their BD Trips to the United Kingdom
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 Advises Catalyst Capital on Acquisition of Olympia Shopping Center in Olomouc
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 Advises Shareholders of Cloud4Com on Sale of Majority Stake to Autocont
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.