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JSK Advises on Transfer of Avia Ashok Leyland Motors to Czechoslovak Group

Czech Republic

JSK has successfully represented Ashok Leyland UAE on the ownership transfer of truck manufacturer Avia Ashok Leyland Motors to the Czechoslovak Group.  

Ashok Leyland Limited is the 2nd largest commercial vehicle manufacturer in India and one of the largest manufacturers of buses and trucks in the world. Ashok Leyland UAE is part of the Ashok Leyland Group.  

The Czechoslovak Group is, according to its website, "an industry holding representing a strong group of production companies based mainly in the Czech and Slovak Republic. Our companies offer complex solutions including deliveries of state-of-the-art technology and world-class post-sales services.” The website states that “our identity is based mainly on traditional values and fame of the Czechoslovak industry. Our core interest is impeccable quality of our products, robust manufacturing capability as well as the production of real, enduring values.” The Group includes companies operating in civil engineering and services, and its portfolio includes a major share in the Tatra Trucks cargo truck manufacturer.” Consolidated revenues of the Group exceeded CZK 12 billion (over EUR 444 million) in 2015.  

The JSK team was led by Tomas Dolezil, who said: “We are delighted to assist Ashok Leyland and Ashok Leyland UAE with this rather complex and lengthy project that included not only the transfer of ownership, but also the future relationship between the parties.” Dolezil was supported by JSK Senior Associate Helena Hailichova.  

The Czechoslovak Group was advised by the Toman Devaty Law Firm and NKL Legal.

Image Source: avia.cz

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For more than 25 years PRK Partners has been providing top tier, comprehensive legal services in all areas of law – always at the highest professional level. The company’s offices in Prague, Ostrava and Bratislava, as well as its specialised teams of legal practitioners and tax advisors, allow PRK Partners to offer solutions to any kind of legal issues, providing an international point of view and in-depth knowledge of the respective local legal system.

The full-service law firm has worked on many of the region’s largest and most complex transactions. The firm puts emphasis on the highest standards of quality, efficiency and flexibility in its advisory services, which are tailored to the specific requirements of each client. 

Our team is composed of professionals with international education and experience. The firm frequently works on a non-exclusive basis with leading international law firms on large cross-border transactions.

PRK Partners is consistently recognised among the top law firms by leading international and domestic directories and ratings agencies and has been honoured with numerous awards: 

• National Law Firm of the Year 2016 by the Chambers Europe Awards, the most prestigious international law firm competition. This is the fifth award PRK Partners has received since the awards were first given; National Law Firm of the Year 2014, 2013 and 2010 and Law Firm of the Year 2012 for Best Client Service.

• 2018 Best Law Firm of the Year in the category of Banking &Finance and the absolute winner in the main category of the Domestic Law Firm of the Year awards organised by epravo.cz under the auspices of the Czech Bar Association three times since the award's inception (in 2016, 2013 and 2011).

• a finalist of the Central European Law Firm of the Year category in The Lawyer European Awards 2018. 

The firm has a strong commitment to corporate social responsibility and pro bono work.

PRK Partners is the exclusive member firm in the Czech Republic for Lex Mundi, the world’s leading network of independent law firms, with in-depth experience in 100+ countries worldwide. In addition, the firm is a member of Celia Alliance, AFI (Association for Foreign Investment) and CVCA (the Czech Private Equity and Venture Capital Association).

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