JSK has advised Sudop CIT on its acquisition of hardware and software infrastructure and services supplier Impromat-Computer. Impromat was reportedly advised by sole practitioner Jiri Nemec.
Agreement on Future Agreement and Transfer Agreement in One Document
In a recent decision, the Supreme Court ruled on the validity of a provision in an agreement on a future agreement and which provided for an "automatic" transfer of the ownership title to the object of the sale if the future agreement was not concluded within a certain period of time. Essentially, both an agreement on a future agreement, which anticipated the subsequent conclusion of the transfer agreement, and a conditional transfer agreement itself were included in one document. The Supreme Court found that such an arrangement did not invalidate the agreement.
The Office for the Protection of Competition Has Published Results of New Sectoral Investigation in Pharmaceutical Industry
The Office for the Protection of Competition has recently published the results of a sectoral investigation in the pharmaceutical sector. The sectoral investigation is a tool used by both, national competition authorities and the European Commission to comprehensively investigate competition rules in a given sector, especially if they suspect that competition rules are being violated.
Influencer Marketing in Light of Amendment to Czech Consumer Protection Laws
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.
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.
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.
Did You Know: 12-Month Domestic Firm Partner Leaderboard
Did You Know that, according to the Activity Rankings function of the CEELMDirect website, Kerem Turunc of Turkey’s Turunc Law Firm has worked on more reported client matters over the past 12 months – 13 – than any other lawyer in a domestic law firm in CEE?
Landmark Decision of the Constitutional Court: Do You Need Information from the Health System?
If you need statistical data maintained by the National Health Information System for your work or scientific research, whether demographic data on births or deaths, statistics on cancer patients, information on assisted reproduction or other information, you will be interested in a landmark decision of the Constitutional Court.
Did You Know: 12-Month Czech M&A Leaderboard
Did You Know that, according to the Activity Rankings function of the CEELMDirect website, although a total of ten lawyers worked on three reported Corporate/M&A deals in the Czech Republic over the past 12 months, only one of those ten reported working on more?
Yet Another Amendment to the Consumer Protection Act. What Other Surprises are in Store for E-Shops?
Do you sell goods to consumers through ane-shop? Do you feel like you already know everything there is to know about the great consumer amendment from all the different articles? While it's true that plenty has been written about the end of fake reviews and discounts, the legal guarantee or the specific labelling of the "order with obligation to pay" button, this is much more than a "button amendment". What affect will it have, for example, on personalising the price for a particular consumer?
On the Possibility to Avoid a Corporate Transformation in Insolvency Proceedings
In its recent decision in re Smusta a.s., the Supreme Court ruled on the possibility to avoid a corporate transformation in insolvency proceedings.
The Upcoming Amendment to the Act on Pharmaceuticals: Will it Mark the end of Drug Shortages?
For the last couple of months, we have all experienced a shortage of certain pharmaceuticals on the market, especially antibiotics or pharmaceuticals for fever reduction for children. Given that this situation reoccurs almost every flu season, the Ministry of Health of the Czech Republic has newly established a formal working group monitoring the availability of pharmaceuticals on the market. The Ministry of Health is also preparing the amendment to the Act on Pharmaceuticals so that it can, on its own or in cooperation with the State Institute for Drug Control („SUKL“), better respond to urgent drug shortages in case of crisis situations.
JSK Advises Genesis Capital and Avallon MBO Fund on Acquisition of TES Vsetin
JSK has advised Genesis Capital and the Avallon MBO Fund on their acquisition of TES Vsetin. CMS reportedly advised ARX Equity Partners on the sale.
JSK Advises Bunzl on Acquisition of VM Footwear
JSK has advised Bunzl on its acquisition of VM Footwear. HKR Advokatni Kancelar reportedly advised the sellers.
JSK Advises Tescan Orsay Holding on Sale of Majority Stake to Carlyle
JSK has advised the Tescan Orsay Holding on the sale of a majority stake in the company to Carlyle. White & Case reportedly advised Carlyle.
Corporate Sustainability Reporting Directive Got Final Approval
On 28 November 2022, the Council of the European Union gave final approval on the Corporate Sustainability Reporting Directive (CSRD).
JSK and Briza & Trubac Advise on Sudop Group's Acquisition of BizzTreat
JSK has advised the Sudop Group on its acquisition of an 80% stake in BizzTreat. Briza & Trubac advised BizzTreat founders Radovan Jirka and Jiri Tobolka as well as their spouses on the sale.
Did You Know: 2022 Czech Leaderboard
Did You Know that, according to the Activity Rankings function of the CEELMDirect website, Havel & Partners has worked on 25 Czech client matters so far this year – more than any other law firm?