CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
The EU Directives on Work-life balance and on Transparent and predictable working conditions are expected to take effect in the Czech national legislation in the second half of 2023 with some exceptions starting on 1 January 2024. They will bring about significant changes and obligations for the employers. What will they mean for businesses?
Clifford Chance has advised Ceskoslovenska Obchodni Banka on the partial refinancing of the purchase price for Emma Alpha Holding's acquisition of a controlling ownership interest in FAVI Online.
PRK Partners has advised lead co-managers Ceska Sporitelna, Komercni Banka, J&T Banka, and UniCredit Bank Czech Republic and Slovakia on Czechoslovak Group’s CZK 4.5 billion bond issuance, which contains an option of an increase up to CZK 5 billion.
Are you going to argue legal professional privilege? If so, you may be interested in a recent judgment of the Court of Justice of the European Union (the "CJEU"), which significantly expands the scope of legal professional privilege.
DRV Legal has advised Jet Investment on its sale of Benvig Heat Transfer to the shareholders of Montaze Prerov and other investors. JSK advised the buyers on the deal.
Ondrej Florian has become an Equity Partner at Havel & Partners, while Katerina Slavikova, Jaroslav Baier, Ondrej Curilla, Petr Oplustil, and Miroslav Vozab were appointed as Partners at the firm.
Cytowski and Partners has advised Czech Republic-based automated network assurance platform IP Fabric on its USD 25 million Series B financing led by One Peak and including Senovo and Presto Ventures. Goodwin Procter advised One Peak.
Former Dentons Partner Jan Prochazka has joined KPMG Legal in the Czech Republic as a Local Partner.
Glatzova & Co has advised Smartlook founders Petr Janosik and Ondrej Machek on the sale of the company to Cisco.
Kinstellar has advised Ceskoslovenska Obchodni Banka on its EUR 85 million long-term financing for a retail and logistics real estate portfolio of the CPI Property Group in the Czech Republic.
Former White & Case Counsel David Ilczyszyn has joined Rovenska & Partners in Prague as a Partner in early July 2023.
The so-called M&A tool is probably the most impactful element of the Foreign Subsidies Regulation (FSR), affecting many global and even local transactions. A first read of the FSR's provisions may give the incorrect impression that the tool covers only few large transactions, but its impact may be much more significant than this. Let us take a closer look at what to keep in mind when engaging in an M&A transaction process.
Kinstellar has advised Localazy's founder on the approximately EUR 500,000 venture capital investment into the company by Garage Angels, 12Bullets, Lighthouse Ventures, and JIC Ventures. Hladky Legal advised Garage Angels on leading the round. Hladky Legal and, reportedly, KroupaHelan also advised the other investors.
Nicotine pouches are small pouches or pads containing nicotine and no tobacco. They are placed under the lip so that the nicotine is absorbed into the body through the mucous membrane. This alternative to traditional tobacco products, especially cigarettes, has been growing in popularity in recent years.
Nedelka Kubac Advokati has successfully represented Zasilkovna in filing objections with the Czech Competition Authority against Ceska Posta's intended acquisition of the postal item delivery business of PNS.
The Czech government is introducing new requirements and obligations for payment service providers based on the latest EU legislation. The new rules are expected to take effect from January 2024 and the legislative process is underway.
Glatzova & Co has advised the KBC Bank on its acquisition of a 50% stake in ESG scoring and reporting start-up Digital & Legal.
Allen & Overy, working with Cyril Amarchand Mangaldas, has advised Zetor Tractors and its HTC Investments parent company on their agreement with Indian tractor and power tiller producer VST Tillers Tractors Limited for the establishment of a joint venture in India.
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.
PRK Partners has been repeatedly voted among the most socially responsible firms in the category of small and mid-sized firms and was awarded the bronze certificate at the annual TOP Responsible Firm of the Year Awards.
Our work is not only “business”: we have participated on a longstanding basis in a wide variety of pro bono projects and supported our partners from the non-profit sector (Kaplicky Centre Endowment Fund, Tereza Maxová Foundation, Czech Donors Forum, etc.).
Firm's website: www.prkpartners.com
