Havel & Partners has advised shareholders Tomas Rutrle, Martin Lips, Yvona Parmova, Martin Slama, and Libor Malek on their sale of IT company Komix to the Cleverlance Group, a subsidiary of the Aricoma Group. Dunovska & Partners advised the buyers on the deal.
On June 10th, 2020, the so-called big conceptual amendment to the Labor Code was passed. The amendment transposes European law (the directive concerning the posting of workers in the framework of the provision of services) into the Czech legal order, primarily aiming at facilitating the establishment of employment relationships. One of the major changes introduced by the amendment, which will affect virtually every employee, with effect from 1.1.2021, is the new leave entitlement concept. This concept of leave calculation in the future should be fairer on employees, especially on those whose working hours are unevenly scheduled into shifts.
Schoenherr has advised Ventus LLC and Sky Logistica on the acquisition of Skyport, a cargo operator based in the Czech Republic and Slovakia, from the Czechoslovak Group, a.s.. In a parallel transaction, Schoenherr also advised Elite Partners Capital on the acquisition of the Skyport RE cargo property company from the Czechoslovak Group. Dentons advised the Czechoslovak Group on the parallel deals.
Allen & Overy has advised Cordiant Digital Infrastructure Limited on the acquisition of Ceske Radiokomunikace a.s., a telecommunications, media, and technology infrastructure and services provider in the Czech Republic, from funds managed by Macquarie Asset Management. White & Case reportedly advised the sellers on the deal.
Schoenherr has advised Twisto FinCo s.r.o. and Twisto payments a.s. on its EUR 25 million debt refinancing, including a senior stream provided by J&T Banka of approximately EUR 17.3 million and a mezzanine stream provided jointly by Orbit Capital and Growth Finance of approximately EUR 7.7 million). Kocian Solc Balastik represented J&T Banka and CMS advising Orbit Capital and Growth Finance.
As last year’s upheavals continue to influence finance markets in 2021, Erika Papp, CMS’s Head of Finance CEE/CIS, and CMS’s Regional Finance Partners Paul Stallebrass in Prague, Ana Radnev in Bucharest, and Elitsa Ivanova in Sofia offer their perspectives on what this year might hold for financing in CEE.