A long-awaited amendment to the Czech Medicines Act came into force on 1 January 2024. What practical impact will it have?
Have Medicine Shortages in the Czech Republic Been Resolved? Yes and No.
Czech Republic: The Contractor's Liability for the Wage Claims of its Subcontractors in the Construction Industry
On 1 January 2024, an amendment to the Labour Code came into force that introduces final liability of the construction contractor for wage claims filed by third parties against its subcontractors. This includes wage claims from any employment agencies, up to the amount of the statutory minimum wage for each employee engaged in activities for the subcontractor.
Is Your Branch Registered? And Can We See It?
Last year's "digital amendment" introduced many changes to Czech corporate law. But one change that is often overlooked is the amendment to the Czech Public Registry Act.
CEE Attorneys Advises on Sale of BPower to Bitzer
CEE Attorneys has advised the BPower Group on the sale of BPower to Bitzer.
Czech NIS2 Implementation: Engage a Diverse Group of Professionals, Not Just IT Guys
Anticipated completion of the European NIS2 Directive's integration into Czech law is set for late 2024, facilitated by the new Czech Cybersecurity Act (CSA) and associated decrees. This legislative shift will impact an estimated 6,000 to 10,000 Czech companies, formerly exempt from cybersecurity regulations, necessitating the adoption of measures for compliance. Since the CSA is a complex legal regulation, it is advisable to engage a spectrum of experts, extending beyond IT to include legal and compliance professionals, in this transformative process.
Milan Sivy Moves to Excelia Legal as Managing Partner
Former PRK Partners Co-Head of Corporate and M&A has joined Excelia Legal as the firm's Managing Partner.
Havel & Partners Advises Lead Ventures on CloudTalk Investment
Havel & Partners has advised Lead Ventures on co-leading a EUR 26 million investment round for CouldTalk. Prielomek & Partners reportedly advised CloudTalk.
Michal Sylla Makes Associate Partner at PRK Partners in Prague
Michal Sylla has been appointed to an Associate Partner position with PRK Partners in Prague.
Eversheds Sutherland Advises on SWS Sale to Also Holding
Eversheds Sutherland has advised the shareholders of SWS on the full sale of the company – including subsidiaries Entec Solutions and SWS International in Slovakia – to Also Holding.
Shortage of Critical Medicines: is a European Solution Available?
There has been much discussion about protracted shortages of critical medicines in the Czech Republic over the last couple of months. Many national measures have been adopted. At the European Union level,the Voluntary Solidarity Mechanism for medicines has been put in place.
Kinstellar Announces New Firm-Wide Practice and Sector Leadership Appointments
Kinstellar has announced several appointments to firm-wide practice and sector leadership positions, including Partner Csilla Andreko in Budapest, Partner Iustinian Captariu and Special Counsel Magda Raducanu in Bucharest, Managing Partner Milos Velimirovic in Belgrade, Managing Partner Lukas Sevcik and Counsel Jan Lehky in Prague, and Managing Associate Lukas Mrazik in Bratislava.
CEE Attorneys Advises on Sale of Webscope to Mibcon Group
CEE Attorneys has advised Webscope shareholder Jan Vorcak on the sale of the company to the Mibcon Group.
PRK Partners Advises Affimed on Divestment of AbCheck
PRK Partners has advised Affimed on its successful divestment of AbCheck to Flagship Pioneering company Ampersand Biomedicines.
New Competition Tool and Call-In Power for Mergers in Czechia?
The Czech Competition Authority (CCA) recently announced that it prepared a proposal to update the Czech Competition Act (the "Act"). While at present the proposal is just a set of ideas, it indicates how Czech competition enforcement may evolve in the years to come. Crucially, the CCA suggests deploying a "new competition tool" that will allow it to intervene even without proof of anticompetitive agreements or abuse of dominance. In addition, it wants to have call-in powers for under-threshold mergers.
KSB Advises J&T Group on Sale of FVE Holding
Kocian Solc Balastik has advised the J&T Group on its sale of FVE Holding to the EPH Group.
KSB Advises Nemomax Growth Fund on EU Growth Prospectus
Kocian Solc Balastik has advised real estate investment fund Nemomax on its first EU growth prospectus.
Did You Know: 2023 CEE Partner Leaderboards
Did you know that while only five lawyers worked on ten or more CEE client matters reported by CEE Legal Matters in 2022, a total of fourteen lawyers reached that level in 2023? The 2023 leaderboard was led by Milos Felgr of Clifford Chance in Prague, who worked on a remarkable 20 CEELM-reported client matters last year, with Alper Onar of Istanbul’s Aksan Law Firm, who worked on 19, close behind. Fellow Turk Kerem Turunc, the Managing Partner of Turunc, worked on 17 reported deals, while Djordje Nikolic of NKO Partners in Belgrade worked on 16, and Tomasz Rogalski of Norton Rose Fulbright in Warsaw worked on 15.
PRK Partners Advises Thomayer University Hospital on Gender Equality Plan
PRK Partners has advised the Thomayer University Hospital in Prague on the development of its gender equality plan.
Czech Republic Knowledge Partner
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
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