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Eversheds Sutherland Represents Itaka in Settlement with Cedok’s Minority Shareholders

Eversheds Sutherland Represents Itaka in Settlement with Cedok’s Minority Shareholders

Czech Republic
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Eversheds Sutherland has represented Itaka in the settlement proceedings with the minority shareholders of Czech travel agency Cedok.

According to Eversheds Sutherland, the “former minority shareholders of Cedok have settled with the Polish business Itaka on a final price for their exit from the Czech travel agency's ownership structure after years of litigation. The Polish owner of Cedok will pay significantly less than the minority shareholders originally demanded the purchase of their minority shares.”

According to the firm, the court-approved settlement deal indicated that “Itaka will pay only roughly CZK 40 per share, as opposed to CZK 570.”

Eversheds Sutherland’s team included Prague-based Co-Managing Partner Borivoj Libal and Attorney Marek Poloni.

Eversheds Sutherland at a Glance

Eversheds Sutherland with offices in Bratislava and Prague and as part of an international network, provides comprehensive legal advice also in foreign jurisdictions.

Our team consists of a total of more than 40 lawyers in the Czech Republic and Slovakia, most of whom have previously worked at major international and local law firms and have extensive experience in particular in the areas of corporate law, including mergers and acquisitions, capital markets, real estate, employment law, competition law, litigation and arbitration, energy, infrastructure, as well as environmental and ESG law.

Our advisory services are offered in Slovak, German, Czech and English language. Members of our team include attorneys registered with the Austrian Bar Association. On this basis, and because we are part of Eversheds Sutherland, we are also able to offer extensive legal support on various foreign legal issues.

We listen to our clients, we understand their business and we also understand what they need. So we can always find the best solution for the particular situation. We work quickly, efficiently and take responsibility for our work.

Firm's website.