CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
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 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 has advised Eureking on the acquisition of SCT Cell Manufacturing from PPF Biotech.
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.
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.
Former RWS Language Services Legal Director Nada Matusikova has been appointed Co-Head of Legal at the RWS Group.
Kocian Solc Balastik has advised the Prazska Plynarenska group on its intra-group restructuring and the creation of a new holding structure.
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 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.
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 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.
PRK Partners has advised lead co-managers Ceska Sporitelna, Komercni Banka, J&T Banka, and UniCredit Bank Czech Republic and Slovakia on Czechoslovak Group’s CZK 4.5 billion bond issuance, which contains an option of an increase up to CZK 5 billion.
Are you going to argue legal professional privilege? If so, you may be interested in a recent judgment of the Court of Justice of the European Union (the "CJEU"), which significantly expands the scope of legal professional privilege.
DRV Legal has advised Jet Investment on its sale of Benvig Heat Transfer to the shareholders of Montaze Prerov and other investors. JSK advised the buyers on the deal.
Ondrej Florian has become an Equity Partner at Havel & Partners, while Katerina Slavikova, Jaroslav Baier, Ondrej Curilla, Petr Oplustil, and Miroslav Vozab were appointed as Partners at the firm.
Cytowski and Partners has advised Czech Republic-based automated network assurance platform IP Fabric on its USD 25 million Series B financing led by One Peak and including Senovo and Presto Ventures. Goodwin Procter advised One Peak.
Former Dentons Partner Jan Prochazka has joined KPMG Legal in the Czech Republic as a Local Partner.
Glatzova & Co has advised Smartlook founders Petr Janosik and Ondrej Machek on the sale of the company to Cisco.
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
