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CMS Advises Vinci and Meridiam Consortium on Czech Republic Motorway PPP Contract

CMS Advises Vinci and Meridiam Consortium on Czech Republic Motorway PPP Contract

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CMS has advised a consortium of Vinci and Meridiam on its public-private partnership contract for the construction of the D4 motorway in the Czech Republic, the country’s first road PPP. Vinci and Meridiam each have a 50% stake in the project, and EUR 474 million of financing has been obtained.

According to CMS, “the consortium won the 28-year contract in December 2020, which was then signed with the Czech Transport Ministry in February 2021. The project entails designing, financing, building, operating, and maintaining a new 32-kilometer motorway and the widening of an existing 16-kilometer section of road to two lanes in each direction. The new motorway will provide an improved road connection between Prague and rural South Bohemia.”

CMS’s team included, in Prague, Partners Lukas Janicek, Pavla Kreckova, Senior Associates Lenka Krutakova, Marketa Frankova, and Associates Lukas Vymola, Lenka Kucerova, Hana Ricankova, and Jan Gerych, and in London, Partner Robert Gray, Counsel Stephanie Flynn, and Senior Associate Toby Commander.

Editor’s note: After this article was published, Kinstellar announced that it and Linklaters advised lenders Ceskoslovenska Obchodni Banka, KfW IPEX, DZ Bank, NordLB, MEAG, SMBC, Siemens Bank, UniCredit, and Societe Generale on the deal. Kinstellar's team in Prague consisted of Partner Kamil Blazek, Counsels Martina Brezinova and Jan Lehky, Managing Associate Michal Forytek, and Junior Associates Alice Radvanovska, Denisa Simanska, and Igor Sebo.

The Linklaters team consisted of, in London, Partner Ian Andrews and Managing Associate Ryan Ayrton, and in Paris, Partner Francois April and Managing Associate Nathanael Caillard.

In addition, Clifford Chance announced that it had advised Meridiam and Vinci on the financing aspects of this deal. Clifford Chance’s team included Partner Daniel Zerbib, Counsels Chloe Desreumaux and Fabien Jacquemard, and Associates Sophie Laporte and Nina Yoshida.

White & Case advised the Czech Ministry of Transport. That firm’s team included, in Prague, Partner Vit Stehlik and Associates David Wilhelm, Renata Ryglova, and Jan Voborsky; in Bratislava, Partner Of Counsel Marek Staron and Counsel Peter Hodal; and in London, Partner Caroline Miller Smith.

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PRK Partners, one of the leading Central European law firms, has been helping clients achieve their business objectives almost 30 years. Our team of lawyers, based in our Prague, Ostrava, and Bratislava offices, has a unique knowledge of Czech and Slovak law and of the business environment. Our lawyers studied at top law schools in the United States, United Kingdom, Switzerland and elsewhere. They also have experience working for leading international and domestic law firms in a number of jurisdictions. We speak your language, too. Our legal team is fluent in more than 15 languages, including all the key languages of the region.

PRK Partners has one of the most experienced legal teams on the market. We are consistently rated as one of the leading law firms in the region. We have received many significant honours and awards for our work. We represent the interests of international clients operating in the Czech Republic in an efficient way, combining local knowledge with an understanding of their global requirements in a business-friendly approach. We are one of the largest law firms in the Czech Republic and Slovakia. Our specialised teams of lawyers and tax advisors advise major global corporations as well as local companies. We provide comprehensive legal advice drawing on our profound knowledge of local law and markets.

Our legal advice delivers tangible results – as proven by our strong track record. We are the only Czech member firm of Lex Mundi, the world's leading network of independent law firms. As one of the leading law firms in the region, we have received many national and international awards, in some cases several years in a row. Honours include the Chambers Europe Award for Excellence, The Lawyer and Czech and Slovak Law Firm of the Year. Thanks to our close cooperation with leading international law firms and strong local players, we can serve clients in multiple jurisdictions around the globe. Our strong network means that we can meet your needs, wherever you do business.

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