CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
Today, the Chamber of Deputies approved in the third reading an amendment to the Legal Profession Act. The amendment brings a number of significant changes to the practice of the legal profession in the Czech Republic.
Cerha Hempel has advised Sony Music Entertainment on its acquisition of Supraphon.
Clifford Chance has advised Ares Management Real Estate Secondaries funds on its joint venture with Cedar Capital Partners and on the European Hotel Portfolio recapitalization by the joint venture.
Oppenheim and Invicta have advised JRD Energo Group and its co-investors on the sale of JRD’s Hungarian photovoltaic power plant portfolio with a 29.440 kilowatt built-in capacity to the Hungarian subsidiary of Obton. Forgo, Damjanovic & Partners and Havel & Partners advised Obton.
PRK Partners has advised Barcelo on the sale of a five-star hotel in Brno to the Czech Inn Hotels Group.
CMS has advised EGLS Founders Holding on its partnership arrangements with Kamco Invest centering on European Green Logistics Space. Taylor Wessing advised Kamco Invest.
Kinstellar has advised the BHM Group on the acquisition of a majority stake in Prague Port Group from HD&PB. Glatzova & Co reportedly advised the sellers.
Glatzova & Co has advised Rouvy on its acquisition of FulGaz and on establishing a partnership with Ironman Group.
Clifford Chance has advised Allwyn on its acquisition of a majority controlling interest in Logflex MT Holdings Limited.
On December 6, 2024, the Chamber of Deputies of the Czech Republic approved the Act on Digitalisation of the Financial Market (ZDFT), which represents an important step in adapting the Czech legal framework to European regulations in the area of digital financial markets.
CMS has advised AEW on the sale of the Myslbek office and retail project to Max Realitni Fond SICAV.
In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.
In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.
In M&A transactions, there is often a transfer of activities and a subsequent transfer of rights and obligations under employment law within the meaning of European Directive 2001/23/EC on the approximation of the laws of the Member States on safeguarding employees’ rights in the event of transfers of undertakings, businesses or parts of undertakings or businesses (TUPE transfer). As a result, the seller’s employees who worked in the transferred establishment will transfer to the buyer. If the buyer has existing employees, the working conditions of the original and new employees may differ. These differences can pertain to salaries and benefits. Are they permissible?
Havel & Partners has advised Komercni Banka’s Investment platform Upvest and the RSJ investment group on acquiring a 25% stake (with a call option of up to 49%) in Centrum Cerny Most from Unibail-Rodamco-Westfield. Dentons advised the sellers.
As we step into the new year, we often look forward rather than back. However, to ensure you don’t miss anything important, we’d like to remind you of significant updates.
Kocian, Solc, Balastik has represented REMA in a long-running compensation claim against the Czech state, securing a final court ruling confirming that the Ministry of the Environment erred in a 2005 licensing procedure.
Havel & Partners has advised Tensor Ventures and Elevator Ventures on their investment in Wultra. Barta Legal advised Wultra.
PRK Partners, one of the leading Central European law firms, has been helping clients achieve their business objectives almost 30 years. Our team of lawyers, based in our Prague, Ostrava, and Bratislava offices, has a unique knowledge of Czech and Slovak law and of the business environment. Our lawyers studied at top law schools in the United States, United Kingdom, Switzerland and elsewhere. They also have experience working for leading international and domestic law firms in a number of jurisdictions. We speak your language, too. Our legal team is fluent in more than 15 languages, including all the key languages of the region.
PRK Partners has one of the most experienced legal teams on the market. We are consistently rated as one of the leading law firms in the region. We have received many significant honours and awards for our work. We represent the interests of international clients operating in the Czech Republic in an efficient way, combining local knowledge with an understanding of their global requirements in a business-friendly approach. We are one of the largest law firms in the Czech Republic and Slovakia. Our specialised teams of lawyers and tax advisors advise major global corporations as well as local companies. We provide comprehensive legal advice drawing on our profound knowledge of local law and markets.
Our legal advice delivers tangible results – as proven by our strong track record. We are the only Czech member firm of Lex Mundi, the world's leading network of independent law firms. As one of the leading law firms in the region, we have received many national and international awards, in some cases several years in a row. Honours include the Chambers Europe Award for Excellence, The Lawyer and Czech and Slovak Law Firm of the Year. Thanks to our close cooperation with leading international law firms and strong local players, we can serve clients in multiple jurisdictions around the globe. Our strong network means that we can meet your needs, wherever you do business.
PRK Partners has been repeatedly voted among the most socially responsible firms in the category of small and mid-sized firms and was awarded the bronze certificate at the annual TOP Responsible Firm of the Year Awards.
Our work is not only “business”: we have participated on a longstanding basis in a wide variety of pro bono projects and supported our partners from the non-profit sector (Kaplicky Centre Endowment Fund, Tereza Maxová Foundation, Czech Donors Forum, etc.).
Firm's website: www.prkpartners.com
