CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
Weinhold Legal has provided Czech and Slovak assistance to Henry Schein, which the firm describes as "the world's largest provider of health care solutions for office-based dental and medical professionals," in relation to the spin-off of the company's animal health business.
Weinhold Legal has advised the JOJ Group on its acquisition of a 100% stake in Ceskoslovenska Filmova Spolecnost, s.r.o, the Czechoslovak Film Society.
BPV Braun Partners has advised investment fund the Conseq Realitni real estate fund on the acquisition of the A7 Office Center, an administrative and commercial complex in the Holesovice neighborhood in Prague, from Revetas Capital. CMS advised Revetas Capital on the sale.
Kinstellar has advised Neuraxpharm Group on the acquisition of Farmax from SVUS Pharma in the Czech Republic, Slovakia, and Hungary. BBH reportedly advised SVUS Pharma on the sale.
Weinhold Legal has advised the Czech Republic's National Medicines Verification Organization on the launch of a medicine verification system in the country.
On January 17, 2019, CEE Legal Matters reported that Finland's Caverion Emerging Markets Oy had sold its Czech subsidiary to KART spol., a member of the CEZ Group. We reached out to Ville Ojanen, Caverion's VP Strategy and M&A, for comment.
Dentons has advised the Czech Republic's Sev.en Energy on an agreement to acquire a 50 percent stake in the multinational energy company, InterGen N.V. from the Canadian Ontario Teachers’ Pension Plan. Clifford Chance advised the sellers on the deal, which is expected to close in the next few months, subject to the approval of the relevant EU and Australian authorities.
On 1 December 2018 the new Insurance Distribution Act (the "Act") became effective in the Czech Republic. It replaces the still effective Act No. 38/2004 Coll., on Insurance Intermediaries and Loss Adjusters, as amended ("IILA"), and implements the plan envisaged by the European Parliament and the Council (EU) Directive 2016/97 on insurance distribution (revised version) ("IDD"), even if a little later than anticipated.
Drahomir Tomasuk has been made Partner at Kocian Solc Balastik in the Czech Republic.
Wolf Theiss has advised ALSO Holding AG on its agreement with MCI Euroventures, the majority shareholder of ABC Data S.A., to make a joint tender offer for all publicly-held shares of Warsaw Stock Exchange-listed ABC Data. Baker McKenzie advised MCI and ABC Data on the sale.
Viktor Fuzi and Petr Hrncir have been promoted to Partner at Noerr in Budapest and Prague, respectively.
In this age of intricate transnational ties, the international business community is placing an ever-increasing emphasis on the swift and economic settlement of disputes. Major arbitral institutions are adopting rules on expedited proceedings, promoting mediation, and/or embracing summary disposition procedures. All these initiatives are focused on managing the process and the taking of evidence: the focal points of procedural efficiency.
Kinstellar has advised the Helaba bank on financing for the EUR 48 million acquisition of the Florenc Office Center in Prague by Korea’s Shinhan Investment Corp. The sellers, ZFP Investments, were advised by Havel & Partners.
Weinhold Legal has advised Czech insurance broker Renomia, a.s. on its acquisition of a majority stake in IMG a.s. Petros Sedlackova Legal advised the selling shareholder.
Kocian Solc Balastik has successfully represented Asiana in a dispute with transportation company Student Agency before the Regional Court in Brno.
Glatzova & Co. has advised DRFG Real Estate on its acquisition of three commercial properties in North Bohemia from Czech Property Investments, a.s. (CPI).
Schoenherr Prague has advised Finland's Caverion Emerging Markets Oy on the disposal of its Czech subsidiary, Caverion Ceska Republika s.r.o., to KART spol. s r.o., a member of the CEZ Group. The Nemec, Blaha & Navratilova law firm reportedly advised KART on the deal.
Czech lawyer Filip Cabart and Slovak lawyer Juraj Steinecker have been promoted to partner in the Prague and Bratislava offices of Havel & Partners respectively, bringing the firm's partnership to 29.
For more than 25 years PRK Partners has been providing top tier, comprehensive legal services in all areas of law – always at the highest professional level. The company’s offices in Prague, Ostrava and Bratislava, as well as its specialised teams of legal practitioners and tax advisors, allow PRK Partners to offer solutions to any kind of legal issues, providing an international point of view and in-depth knowledge of the respective local legal system.
The full-service law firm has worked on many of the region’s largest and most complex transactions. The firm puts emphasis on the highest standards of quality, efficiency and flexibility in its advisory services, which are tailored to the specific requirements of each client.
Our team is composed of professionals with international education and experience. The firm frequently works on a non-exclusive basis with leading international law firms on large cross-border transactions.
PRK Partners is consistently recognised among the top law firms by leading international and domestic directories and ratings agencies and has been honoured with numerous awards:
• National Law Firm of the Year 2016 by the Chambers Europe Awards, the most prestigious international law firm competition. This is the fifth award PRK Partners has received since the awards were first given; National Law Firm of the Year 2014, 2013 and 2010 and Law Firm of the Year 2012 for Best Client Service.
• 2018 Best Law Firm of the Year in the category of Banking &Finance and the absolute winner in the main category of the Domestic Law Firm of the Year awards organised by epravo.cz under the auspices of the Czech Bar Association three times since the award's inception (in 2016, 2013 and 2011).
• a finalist of the Central European Law Firm of the Year category in The Lawyer European Awards 2018.
The firm has a strong commitment to corporate social responsibility and pro bono work.
PRK Partners is the exclusive member firm in the Czech Republic for Lex Mundi, the world’s leading network of independent law firms, with in-depth experience in 100+ countries worldwide. In addition, the firm is a member of Celia Alliance, AFI (Association for Foreign Investment) and CVCA (the Czech Private Equity and Venture Capital Association).
Firm's website: www.prkpartners.com
