A new amendment to the Czech Corporations Act (Amendment), which came to force as of 1 January 2021, requires companies to implement important changes in their founding documents and file new information in the Commercial Register. We highlight the most important changes below.
DLA Piper has advised the Stillfront Group on its acquisition of 100% of the shares in Game Labs Inc. from its unidentified founders and management. Orrick advised the sellers on the deal.
DLA Piper has advised Hypo Noe Landesbank on a EUR 16.6 million multi-tranche real estate loan facility granted to the unnamed owner and operator of a number of retail shopping centers in Romania.
Gabor Hollos and Zoltan Kozma have been promoted to Local Partner at DLA Piper in Budapest.
DLA Piper has advised Russian oil and gas company TAIF on the merger of its petrochemical business with Russian petrochemical company Sibur. Herbert Smith Freehills reportedly advised Sibur.
DLA Piper has advised Safmar Financial Investments, an investment arm of Russia's Safmar Group, on the sale of 100% of shares in the Safmar non-state pension fund to Leningradskoe Adagio, an investment company owned by Russia’s Region Group.
The Warsaw office of DLA Piper has advised Resource Partners on its acquisition of the majority of shares in 7Anna. The KLP law firm reportedly advised the seller.
Sorainen has advised Data Delivery LLC, the Belarusian developer of a platform for managing the online status and business reputation of RocketData.io, in connection with share acquisitions and further investment in the company by mapping service 2GIS, which is part of the Sber group. DLA Piper Moscow and Aleinikov & Partners in Minsk advised 2GIS on the deal.
Sorainen has acted as Belarusian counsel to DLA Piper Norway on its provision of legal services to the Norwegian Seafood Council related to a licensing agreement for the council’s “Seafood from Norway” trademark.
Grant Thornton has advised the shareholders of Atlantic Products Sp. z o.o. on the sale of the business to Maced, a Polish manufacturer of dog treats controlled by Resource Partners. DLA Piper and KPT Tax Advisors advised Resource Partners on the deal.
Van Campen Liem has advised ARX Equity Partners on its acquisition of Promens Zlin from Berry Global. The Prague office of Squire Patton Boggs reportedly advised ARX on Czech aspects of the acquisition, and DLA Piper reportedly advised Berry Global.
Bondoc si Asociatii has advised BFS Molecular on the sale of its assets, including intellectual property, to CareDx. DLA Piper advised CareDx on the deal.
DLA Piper, working with Potamitis Vekris in Greece, Bojanovic & Partners in Serbia, and Tashko Pustina in Albania, has advised Team.Blue on its acquisition of the Enartia Group from founders Aggela Anthoulaki, Dimitris Anthoulakis, and Frank Maounis. The Kyriakides Georgopoulos Law Firm advised the sellers.
Dechert and Cobalt have advised MidEuropa on its acquisition of the Hobby Hall Group and Pigu UAB. Pohla & Hallmagi and PWC Legal advised the Hobby Hall Group on the sale, while Sorainen advised Pigu.
Brandl Talos has advised Sportradar Group on the acquisition of sports data and video analytics platform Synergy Sports. Latham Watkins acted as US counsel to Sportradar and Niederer Kraft Frey advised on the Swiss law aspects of the deal. The sellers were represented by DLA Piper and Schellenberg Wittmer.
DLA Piper has advised KazanExpress on an acquisition of a 30% stake in the company from AliExpress Russia — a joint venture between China’s Alibaba Group and Russia’s MegaFon, Mail.ru Group, and Russian Direct Investment Fund. Alrud advised AliExpress Russia on the deal. Financial terms were not disclosed.
DLA Piper has advised Renera, a Russian energy storage business owned by Rosatom’s Tvel Fuel Company, on the acquisition of a 49% stake in Enertech International, a South Korean manufacturer of electrodes, lithium-ion storage cells, and energy storage systems. Monastyrsky, Zyuba, Stepanov & Partners advised Enertech on the deal.
DLA Piper has advised KGAL Investment Management on the acquisition of the Villa Office office building in Warsaw from Echo Investment, for EUR 86.7 million. Allen & Overy and Baker McKenzie advised Echo Investment on the deal.