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KSB Advises Vaclav Havel Library on Legal Form Change

KSB Advises Vaclav Havel Library on Legal Form Change

Czech Republic
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Kocian Solc Balastik has advised the Vaclav Havel Library on changing its legal form from a public benefit corporation to a foundation.

Vaclav Havel, which celebrates 20 years of existence this year, announced that its transformation is taking place "in an effort to ensure the future development of the Vaclav Havel Library as a highly respected institution and to strengthen its position." Initially set up as a public benefit corporation, it added that "especially with the adoption of the new Civil Code from 2012, this legal form appears to be outdated. That is why the founders of the library decided on June 1, 2023, to change its legal form to an endowment fund."

The KSB team was led by Partner Vlastimil Pihera.

Kocian Solc Balastik at a Glance

Kocian Solc Balastik (KSB) is one of the few Czech law firms who have been on the market for over 30 years and is still independent. With a team of almost seventy legal and tax specialists operating in Prague, Karlovy Vary and Ostrava, KSB is one of the largest law firms in the Czech Republic.

Thanks to the ratings of clients and our competitors, we are a highly respected and acknowledged law firm, as evidenced by a number of prestigious awards, especially the four-time Chambers Europe Award for Excellence for the best law firm in the Czech Republic, often we have been the only purely Czech law firm among the nominees.

Our priority is to provide added value to clients. Therefore, we know the specifics of their business and adapt the proposed solutions to the client’s context, with great emphasis on professional ethics and building long-term relationships based on mutual trust and respect.

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