Since the beginning of this year, the Personal Data Protection Office has issued fines of almost CZK 4,500,000 for breaches of the GDPR in connection with the processing of personal data via cookies.
Havel & Partners Successful for OSA Music Professional Association Against Abuse of Dominance Fine
Havel & Partners has successfully defended the Czech Republic-based OSA music professionals' association against abuse of dominance claims and a CZK 10.7 million fine imposed by the Czech Office for Competition Protection.
Havel & Partners Successful for GoDaddy Against Investigative Article Takedown Request
Havel & Partners has successfully represented GoDaddy in a case that saw the company sued by a businessman with connections to Russia who sought the removal of investigative internet articles as well as financial compensation.
Petr Syrovatko Joins PwC Legal Czech Republic as Associate Partner
Petr Syrovatko has joined PwC Legal Czech Republic as Associate Partner, together with Attorney at Law Jiri Brabec.
Schoenherr and Wolf Theiss Advise on Neveon's Sale of Greiner Perfoam to Treves
Schoenherr has advised Greiner Group member Neveon Holding on the sale of its automotive division consisting of Greiner Perfoam and its subsidiaries to Treves. Wolf Theiss advised Treves.
Czech Republic: The Whistleblowing Act Finally in Effect
Although the deadline for transposing Directive (EU) 2019/1937 on the protection of persons who report breaches of Union law (the Whistleblowing Directive) into national law passed on 17 December 2021, the Czech Republic has been among those Member States struggling to adopt a corresponding act into local legislation. Nonetheless, after turbulent discussions and legislative proposals, the bill has finally been passed and came into force on 1 August 2023.
Havel & Partners Successful for Ceska Sporitelna on Tax Deductibility of Education Foundation Donation
Havel & Partners has successfully represented Ceska Sporitelna in a dispute with the Financial Administration of the Czech Republic regarding the tax deductibility of a donation to an education foundation.
Weinhold Legal Advises Eureking on Acquisition of SCT Cell Manufacturing from PPF Group
Weinhold Legal has advised Eureking on the acquisition of SCT Cell Manufacturing from PPF Biotech.
KSB Helps REMA System Obtain Electrical Equipment Collection System Authorization
Kocian Solc Balastik has advised REMA System in obtaining an authorization from the Ministry of the Environment to operate a collection system for all groups of electrical equipment, including solar panels.
White & Case, TBP, and Spasov & Bratanov Advise on Energo-Pro's EUR 300 Million Bond Issuance
White & Case and Eversheds Sutherland member Tsvetkova Bebov and Partners have advised Energo-Pro on its EUR 300 million issuance of senior unsecured notes due 2035. Spasov & Bratanov and Clifford Chance and its Turkish affiliate Ciftci Attorney Partnership advised initial purchaser Goldman Sachs & Co and guarantor DFC. White & Case Turkish affiliate GKC Partners and Georgia's BLC Law Office reportedly also advised the issuer. Georgia's Business Legal Bureau reportedly advised the initial purchaser as well. Alston & Bird reportedly advised the trustee.
Petra Mysakova Joins CMS Prague as Partner and Head of Banking and Finance
Former Allen & Overy Counsel Petra Mysakova has joined the Prague office of CMS as a Partner and Head of the local Banking and Finance team.
Nada Matusikova Appointed Co-Head of Legal at RWS Group
Former RWS Language Services Legal Director Nada Matusikova has been appointed Co-Head of Legal at the RWS Group.
Kinstellar Advises Yanolja Cloud on Acquisition of Go Global Travel
Kinstellar, working with Watson Farley & Williams, has advised South Korea's Yanolja Cloud on its acquisition of Go Global Travel from the AMI Opportunities Fund.
Kocian Solc Balastik Advises Prazska Plynarenska Group on Intra-Group Restructuring
Kocian Solc Balastik has advised the Prazska Plynarenska group on its intra-group restructuring and the creation of a new holding structure.
Cartel Law – Records and Data of Your Telecommunication Traffic Now as Evidence
The content of communications recorded by criminal law enforcement authorities (LEAs) and traffic and location data; Not only voice communications, but also electronic messages made not only from a mobile phone, but also from landlines and other devices; Records of surveillance of persons and property by the LEAs. This and other information have so far reached the Czech national competition authority (Czech NCA) without being able to use it legally as evidence in the proceedings.
Allen & Overy Advises Wood & Company on City Home Finance III’s Bond Program and First Issuance
Allen & Overy has advised manager Wood & Company Financial Services on the establishment of a ten-year secured bond program for City Home Finance III with a value of up to CZK 1 billion and on the first bond issuance with a total expected nominal value of up to CZK 400 million.
Implementation of the EU Directives on Work-Life Balance and on Transparent and Predictable Working Conditions: Czech Republic
The EU Directives on Work-life balance and on Transparent and predictable working conditions are expected to take effect in the Czech national legislation in the second half of 2023 with some exceptions starting on 1 January 2024. They will bring about significant changes and obligations for the employers. What will they mean for businesses?
Clifford Chance Advises CSOB on Financing Emma Capital’s Acquisition of FAVI
Clifford Chance has advised Ceskoslovenska Obchodni Banka on the partial refinancing of the purchase price for Emma Alpha Holding's acquisition of a controlling ownership interest in FAVI Online.