With the new year, a significant amendment to the Czech consumer protection laws came into force that further strengthens consumer rights and increases transparency in providing information to consumers. But there are also important changes in the marketing area, including tighter restrictions on using influencers to promote products and services.
REALS and Siwy & Co Advise on Redside Sale of Baumax DIY Store
REALS has advised the Redside investment company and its Nova Real Estate fund on the sale of the Baumax DIY store in Hradec Kralove to a company from the Baumax group. Siwy & Co advised Baumax.
Norton Rose Fulbright and Havel & Partners Advise Santander Bank Polska on Financing for Exact Systems
Norton Rose Fulbright and Havel & Partners have advised senior lender Santander Bank Polska on a refinancing facility for Exact Systems. Barrocas reportedly advised Santander Bank Polska on Portuguese legal matters. Rymarz Zdort Maruta reportedly advised Exact Systems. MHJ Legal reportedly advised mezzanine lender Accession Capital Partners.
Eversheds Sutherland Represents Itaka in Settlement with Cedok’s Minority Shareholders
Eversheds Sutherland has represented Itaka in the settlement proceedings with the minority shareholders of Czech travel agency Cedok.
Is the Payment to Prestigious MICHELIN Guide "Prohibited" State Aid?
The Ministry for Regional Development of the Czech Republic will soon decide whether to pay for the Czech Republic to become part of the prestigious MICHELIN Guide. The MICHELIN Guide is asking for CZK 10 million for this "service" for the next three years.
Legal Innovation in Continental Europe: A Sneak Peek into Lexpo 2023 with Andrea Miskolczi
As Lexpo – The Legal Innovation Event returns in 2023 after a three-year hiatus, showcasing the latest trends in legal innovation in Continental Europe, CEELM spoke with Dentons Europe Director of Innovation and Member of Lexpo's Advisory Board Andrea Miskolczi to gain an insight into the current state of technology and innovation in CEE, and what the event's attendees have to look forward to.
Legislative Changes In The Field of Renewable Energy Sources
On 24 January 2023, a new law called LEX OZE I. (Act No. 19/2023 Coll.) entered into force. The goal of this law is to remove obstacles and speed up the construction of renewable energy sources ("RES").
KSB Advises on Establishment of Flatform
Kocian Solc Balasitk has advised real estate rental start-up Flatform on its establishment and partnership agreements with insurance companies.
Ondrej Barton Joins Dentons as Partner in Prague
Former White & Case Associate Ondrej Barton has joined the Dentons Prague office as a Partner, starting on April 1, 2023.
JSK and GT Legal Advise on CVI’s Private Debt Investment in Algotech Group
JSK has advised CVI on its bond financing investment in the parent company of the Algotech Group. GT Legal advised the Algotech Group.
Kinstellar Advises on Sale of Unuodesign
Kinstellar has advised the owner of Unuodesign on the sale of a majority stake in the company to the Hartenberg Holding. Mikulas & Partners reportedly advised Hartenberg.
Kinstellar Advises Credit Agricole Consumer Finance and Stellantis on Acquisition of LeasePlan Czech Republic
Kinstellar, working with Linklaters, has successfully advised Credit Agricole Consumer Finance and Stellantis on their acquisition from ALD Automotive of, among others, LeasePlan’s Czech operations.
Consumer Law Amendment
In January 2023, there was a significant amendment to consumer law, which on the one hand expanded the rights of consumers, and on the other hand introduced a number of new obligations for retailers.
The Development of Energy Price Caps for Large Enterprises
Although negotiations regarding the method of capping electricity and gas prices are still ongoing, both at the national level and in the EU, the Government of the Czech Republic has already issued the expected amendment specifying the capping of energy prices for large enterprises.
Clifford Chance Advises CBRE IM on Sale of Port 73 and Gallerian Nian to NIAM
Clifford Chance, working with Vinge, has advised CBRE Investment Management on its sale of Swedish retail assets Port 73 and Gallerian Nian to NIAM.
KSB and Klimus & Partners Advise on Uhrinevska Zahrada Acquisition of Land in Prague
Kocian Solc Balastik has advised an undisclosed seller on the sale of a 7,500 square-meter land plot in Uhrineves, Prague, to Uhrinevska Zahrada. Klimus & Partners advised Uhrinevska Zahrada.
Dentons Advises CPIPG on Sustainability-Linked Bilateral Loan with MUFG
Dentons has advised the CPI Property Group on its debut sustainability-linked loan through a bilateral facility with MUFG.
Eversheds Sutherland and Tovarek, Horky and Partners Advise on TSR Acquisition of Barko
Eversheds Sutherland has advised Remondis Group company TSR Czech Republic on its acquisition of Barko. Tovarek, Horky and Partners advised the sellers.