Wolf Theiss has advised Switzerland-based generic medicines company Sandoz on its long-term office lease agreement with RSJ Investments for business premises in Prague. Wilsons advised landlord RSJ Investments.
Basel-based Sandoz is a provider of off-patent medicines. It reports that its portfolio of about 1,500 generic and biosimilar medicines is being used to treat around half a billion patients around the world.
According to Wolf Theiss, "with no new office development commencing since more than a year ago and the vacancy rate remaining low, office tenants face a growing struggle in search of their new corporate seat in the Prague market."
The Wolf Theiss team included Counsel Tomas Kren.
The Wilsons team included Partner Alan Spanvrit and Senior Associate Matej Kucera.