Havel & Partners has advised Smart Comp majority owners Marek Bukal and Pavel Vavra on the sale of their shares to Nej.cz. BBH advised Nej.cz on the deal.
Allen & Overy Advises Raiffeisenbank on Mortgage Covered Bonds Opt-in
Allen & Overy has advised Raiffeisenbank on the opt-in of its outstanding English law governed mortgage covered bonds into the new regulatory framework in the Czech Republic, stipulating rules as to the governance of cover pools, and on the consequent issuance of EUR 500 million mortgage covered bonds listed on the Luxembourg Stock Exchange.
Clifford Chance and CMS Advise CSOB's Financing of Czech Solar Portfolio for Enery
Clifford Chance has advised Ceskoslovenska Obchodni Banka on the refinancing of the Czech solar portfolio consisting of five photovoltaic power plants acquired in 2020 for Czech subsidiaries of Enery Development group. CMS advised Enery on the deal.
Czech Republic: New Investment Incentives Rules Aim to Support Technological Start-ups
The government of the Czech Republic has approved a new decree concerning investment incentives. The new rules should bring significant changes not only for large investors, but also for small and medium-sized technology companies, which will now also be able to access direct financial support. The new rules will take effect as of 1 January 2022.
Clifford Chance Advises Generali Real Estate on Acquisition of Its CEE Headquarters
Clifford Chance has advised Generali Real Estate on the acquisition of two office buildings in Prague from CPI Property Group. Rybar, Soppe & Partners reportedly advised CPI on the deal.
White & Case Appoints New Prague Executive Partner and New SEE Country Practice Head
Partner and Head of the Energy and Infrastructure practice Vit Stehlik has been promoted to Executive Partner at White & Case in Prague, as of January 1, 2021, replacing Partner and Head of the firm's CEE Real Estate practice Petr Panek. Panek will be in charge of developing White & Case’s operations in eleven SEE countries as the firm's new SEE Country Practice Head.
CMS Advises J&T and Concens Investments on the Sale of Ostrava Logistics Assets to EQT Exeter
CMS has advised J&T and Concens Investments on their EUR 150 million sale of five Ostrava logistics halls to EQT Exeter. Dentons reportedly advised the buyer.
Don't Copy My Graffiti: Copyright Protection of Works on the Verge of Illegality under the Law of England and Wales (Part I – Graffiti)
Copyright is a bundle of exclusive rights falling under the umbrella of Intellectual Property (IP) law. The purpose of copyright is to protect creative effort carried out by a natural person (author) expressed in a tangible form and which amounts to one of the categories of "work" as defined by the statute, some of which also require the work to be "original". The aim of this article is to draw attention to the issue of copyrightability of works that have been created illegally or that are on the verge of illegality. As this topic and the related issues are quite extensive, this article offers only a brief introduction to the subject and is by no means exhaustive.
Czech Republic: New Opinions on Cookies and Telemarketing
In the run-up to Christmas, two interesting opinions were issued by public authorities that address some controversial matters frequently encountered in practice regarding cookies and telemarketing.
Kinstellar and Deloitte Legal Advise on Portiva’s Acquisition of Astrid Offices from UBM
Kinstellar has advised the Portiva investment group on its acquisition of the Astrid Offices building in Prague from the UBM Group. Deloitte Legal advised the UBM Group on the sale.
Lenka Droscova Makes Partner at Act Randa Havel Legal
Lenka Droscova has become a Partner at Act Randa Havel Legal. She focuses on labor law and is also a member of the State Bar of California.
BPV Braun Partners Advises Immofinanz on Sale of Airport Business Centre to Jet Investment Fund
BPV Braun Partners has advised Immofinanz on the sale of the Airport Business Centre in Prague to the Jet Investment Fund.
Allen & Overy Advises Komercni Banka on Financing for Rubena
Allen & Overy has advised Komercni Banka on leading a club of banks in providing an up to EUR 26 million loan facility for the decrease of the share capital and general corporate and investment needs of rubber manufacturer Rubena, a member of the Kaprain investment group.
PRK Partners Advises Vermont on Alzheimer Center Facility Transfer
PRK Partners has advised Vermont on the development of an Alzheimer's centre facility and its transfer to Penta Hospitals.
Cola is the Same Everywhere, Right?
A cola drink bought in the Czech Republic should be the same as one bought in Germany, right? Well from May 2021, this is required by an amendment to the Food Act which has codified a ban on dual quality food into the Czech legal system.
Tomas Sequens Makes Partner at Kocian Solc Balastik
Former Counsel Tomas Sequens has been promoted to Partner at Kocian Solc Balastik.
Deal 5: AI Startup Incubator Business Development Director Angelo Burgarello on OpenRefactory Investment
On October 7, 2021, CEE Legal Matters reported that Kocian Solc Balastik had advised Czech technology accelerator AI Startup Incubator on its investment in US-Bangladeshi OpenRefactory. CEE In-House Matters spoke with Angelo Burgarello, Business Development Director at AI Startup Incubator, to learn more about the investment.
Havel & Partners and Noerr Advise on Seall Sale to Rubix
Havel & Partners has advised Seall on its sale to Rubix. Noerr advised Rubix on the deal.