PRK Partners has advised Credit Suisse, Goldman Sachs, Morgan Stanley, and other lenders on the Czech law aspects of refinancing senior acquisition and revolving facilities amounting to EUR 2,13 billion, governed by English law.

Havel & Partners has advised the Ministry of Defense of the Czech Republic on an inter-governmental contract for the purchase of the SPYDER Israeli air defense system from the Rafael Advanced Defense Systems state-owned company.

Istanbul-based Derin Altan and Ates Turnaoglu, Warsaw-based Marek Sawicki, and Prague-based Jan Stejskal, together with Paris-based Russian lawyer Olga Fedosova, have been appointed Partner at White & Case, as part of its global promotion round.

BPV Braun Partners has advised the owner of residential development Zaluzi Park on its sale to Elite Domy. Novalia advised the buyer.

Czech lawyer Petr Dohnal has been promoted to Partner at Havel & Partners.

Havel & Partners has advised Moog Brno s.r.o. on the transfer of a part of its business to AVL Moravia s.r.o. CMS advised AVL Moravia on the deal.

Allen & Overy has advised Narodni Rozvojova Banka on the financing the purchase of low-floor large-capacity trams for Dopravni Podnik Ostrava.

Dentons has provided pro bono legal assistance to Dobry Start in drafting a bill to end the operation of institutional facilities for children under the age of three in the Czech Republic.

Allen & Overy has advised the EBRD and the Asian Development Bank on a USD 105 million financing for Electric Networks of Armenia.

In April 2018, the European Commission imposed a fine of €124.5 million on French multinational telecommunications and mass media company Altice, for implementing its acquisition of PT Portugal before the Commission had approved the transaction and before the acquisition had even been notified to the Commission in some respects. In its judgment in Altice Europe v Commission, issued on September 22, 2021 (Case T-425/18), the European General Court (EGC), as the first instance EU court, dismissed Altice’s appeal against the Commission’s decision in its entirety, although it did reduce the original fine by €6.2 million, to €118.6 million, given that Altice had eventually notified the transaction.

Havel & Partners has advised the Vaclav Havel Prague Airport on a CZK 7 billion credit facility from a consortium of banks including CSOB, VUB Banka, and Raiffeisenbank Czech Republic. White & Case advised the banks on the deal.

An amendment to the VAT Act in e-commerce is expected to come into effect in the coming days as part of the ongoing law-making process. The amendment implements the EU Council’s tax package into the Czech system of laws. It also introduces significant changes to imports, cross-border trade within the EU and extends the possibilities for the use of the special one-stop-shops.

Former Havel & Partners Partner Josef Adam joined CZG - Ceska Zbrojovka Group SE as the Group General Counsel.

Kocian Solc Balastik has advised Czech technology accelerator AI Startup Incubator on its investment in US-Bangladeshi OpenRefactory.

Kocian Solc Balastik has advised accounting program developer Solitea on its acquisition of Czech logistics information systems supplier Prytanis.

On 14 September 2021, the Chamber of Deputies approved the long-awaited amendment to Act No. 48/1997 Coll., on Public Health Insurance (the “Act”), as returned by the Senate (the “Amendment”). It now awaits signing by the President of the Czech Republic. The Amendment brings a wide range of changes and innovations, such as rules for the entry of innovative drugs and orphan drugs into the reimbursement system, the creation of centres for rare diseases and mental health centres, and the introduction of a definition of a patient organisation.

Dentons has advised SPI International shareholders Loni Farhi and Berk Uziyel on the sale of a 70% stake in the company to Canal+. Rymarz Zdort advised the buyer.

The Czech Chamber of Deputies approved an amendment to Act No. 127/2005 Coll., on Electronic Communications (hereinafter referred to as the “ECA”), after the Czech Senate returned it earlier. The purpose of this amendment is primarily to harmonise Czech legislation with the European Electronic Communications Code. However, the amendment will also affect other areas that are not directly related to the Code. One of the most significant changes will affect anyone who operates a website or mobile application and uses statistical, analytical or advertising tools. The change is to move from the current opt-out principle for the use of cookies and similar tracking technologies to an active user consent regime, the so-called opt-in regime.