Kinstellar has advised a syndicate of international banks led by UniCredit Bank and including Tatra Banka, CSOB, and Hypo-Bank Burgenland in relation to a EUR 175 million club loan provided to HB Reavis for the construction of Nivy Station in Bratislava. Dentons advised HB Reavis on the deal.
Clifford Chance has advised Ceskoslovenska Obchodni Banka, a. s., as mandated lead arranger, facility agent, security agent, and underwriter on the initial finance documentation and in relation to subsequent syndication and transactional closing with Ceska Sporitelna, a.s. and the EBRD on financing provided to Karlovarske Mineralni Vody's for its acquisition of PepsiCo's assets and operations in the Czech Republic, Slovakia, and Hungary. Kocian Solc Balastik advised KMV on the financing and on the underlying acquisition, and represented KMV in proceedings before the Czech Competition Authority.
Randa Havel Legal ⎯ the Czech member of the Act Legal alliance ⎯ has represented the owners of Janus spol. s r.o., a distributor of Kyocera brand products in the Czech Republic and Slovakia, on the sale of 100% of their shares to Dutch company Kyocera Document Solutions Europe B.V. The buyer was represented by Weinhold Legal.
Alongside blockchain and crypto currencies, the Payment Services Directive 2 (PSD2) has become a much talked-about buzzword in the FinTech world - sparking discussions about a revolution in banking and financial services. One may argue that disruption to established practices may only result from technological advancement and not from (yet another) massive bundle of regulatory rules. However, through PSD2, the shift towards open banking is being fostered by the European legislator to support innovation and improve competition in the payment services area.