PRK Partners, working alongside Luther, has advised the shareholder of the I.G. Bauherin Group on its sale to US automotive supplier Lear Corporation. Mayer Brown reportedly advised the Lear Corporation.
ESG Talks: M&A Trends and the Future of Due Diligence – A CEE Legal Matters Round Table
On July 7, four leading lawyers from Austria, the Czech Republic, Hungary, and Ukraine sat down for a virtual round table moderated by CEE Legal Matters Managing Editor Radu Cotarcea to discuss the increasing prominence of ESG issues and their impact on M&A transactions, due diligence procedures, and the role of the lawyers themselves.
Czech Republic: ESG from a Czech Point of View
Over the past few years, the phenomenon of ESG has grown in importance at a breathtaking speed. Originally an instrument in the financial markets allowing investors to better assess the risks in their investments, ESG has further evolved into a major legislative effort of the European Union.
Freshfields, Wolf Theiss, Savoric & Partners, and Filip & Company Advise on Agrofert’s Binding Offer for Borealis’ Nitrogen Business
Freshfields Bruckhaus Deringer, Savoric & Partners, and Filip & Company have advised Borealis on a binding offer for its nitrogen business from the Agrofert group. Wolf Theiss advised Agrofert. Oppenheim, Boyanov & Co, and PRK Partners reportedly advised Borealis as well.
Vaclav Bily Appointed New Managing Partner of PRK Partners
PRK Partners Partner Vaclav Bily has been appointed as the new Managing Partner of the firm.
The CEELMDirect Profile Pick: Interview with Roman Pecenka of PRK Partners
CEELMDirect Profile Pick: A series of interviews with partners and firms with Premium profiles on the CEELMDirect online legal directory. Today’s interview: Roman Pecenka, Partner at PRK Partners in the Czech Republic.
In Search of a New Energy Normal (Part 2) – What’s the Plan?
Energy prices have been a salient issue in CEE for the past year. Part 1 of this article covered just how high the energy prices had climbed in Bulgaria, the Czech Republic, Moldova, Montenegro, Poland, and Turkey, the impact of those prices on people, businesses, and governments, as well as the reasons why some countries fared better than others. Then Russia’s war against Ukraine changed everything, making a new energy pricing normal seem more distant than ever. In Part 2 we look at what energy experts believe could alleviate the situation and whether the war has impacted those plans.
In Search of a New Energy Normal (Part 1)
In the past twelve months, energy prices seem to have taken a life of their own. Their continued and, at times, shocking growth has raised concerns across the region and prompted differing responses and policy changes in each country. To get a more accurate picture of recent developments, we reached out to experts in Bulgaria, the Czech Republic, Moldova, Montenegro, Poland, and Turkey and asked them about the current energy prices, their impact on local economies, the drivers behind their growth, and whether any plans were in place to address the issue.
BDK Advokati and PRK Partners Advise on Yokohama Acquisition of Trelleborg Wheel Systems
BDK Advokati and PRK Partners, working with Freshfields Bruckhaus Deringer, have advised Yokohama Rubber on the acquisition of Trelleborg Wheel Systems Holding from Sweden's Trelleborg AB.
PRK Partners Advises CVC Fund on Takeover of Stock Spirits Group
PRK Partners, working with Freshfields Bruckhaus Deringer, has advised CVC Capital Partners Fund VIII on Czech and Slovak law aspects of its GBP 767 million takeover of the Stock Spirits Group.
PRK Partners Advises Shaangu Power on Ekol Acquisition
PRK Partners, working with AllBright Law Offices, has advised Shaangu Power (Luxembourg) on Czech law-related aspects of its acquisition of Ekol.
PRK Partners Successful for Tosan Park Before Czech Supreme Administrative Court
PRK Partners has successfully represented Tosan Park in a building permit dispute before the Supreme Administrative Court of the Czech Republic.
Dentons Advises Banks on Refinancing of Tristone Flowtech Group
Dentons has advised a club of banks led by Erste Group Bank on the refinancing of the Tristone Flowtech Group. Freshfields Bruckhaus Derringer reportedly advised Tristone Flowtech.
Freshfields, Boyanov & Co, Filip & Company, Hogan Lovells, and PHH Advise on EuroChem's Binding Offer for Borealis’ Nitrogen Business
Freshfields Bruckhaus Deringer, Boyanov & Co, and Filip & Company have advised Borealis on a binding offer from EuroChem for its nitrogen business. Hogan Lovells, PHH Rechtsanwalte, and Mishcon de Reya advised the EuroChem Group. Savoric & Partners, Oppenheim, and PRK Partners reportedly also advised Borealis.
The Buzz in the Czech Republic: Interview with Martin Aschenbrenner of PRK Partners
The ongoing lockdown and changing restrictions as well as prices surging as a consequence of growing inflation are hitting the Czech economy hard, but the country is holding on mightily, according to PRK Partners Partner Martin Aschenbrenner.
Protection of Architectural and Urban Values in Building Law
There are few people who have not experienced a situation where a builder implements a project that complies with the spatial planning documentation, but is highly incongruous with the prevailing character of the area in which the structure is to be built. Specifically, construction of buildings in the 1990s and early 21st century, which belong to the pseudo-style called “entrepreneurial baroque”, is evidence of grossly insensitive location of buildings, ignoring the character and nature of the existing neighbourhood. Nonetheless, the trend in Czech building legislation over the last decade and a half has been an increasing emphasis on the aesthetic features of new developments and their integration into the urban and architectural environment, whereas individual interests of the builder and his oftentimes wild ideas about the appearance of the structure tend to be sidelined. The key here is the concept of “urban and architectural values in the area”.
Don't Copy My Graffiti: Copyright Protection of Works on the Verge of Illegality under the Law of England and Wales (Part I – Graffiti)
Copyright is a bundle of exclusive rights falling under the umbrella of Intellectual Property (IP) law. The purpose of copyright is to protect creative effort carried out by a natural person (author) expressed in a tangible form and which amounts to one of the categories of "work" as defined by the statute, some of which also require the work to be "original". The aim of this article is to draw attention to the issue of copyrightability of works that have been created illegally or that are on the verge of illegality. As this topic and the related issues are quite extensive, this article offers only a brief introduction to the subject and is by no means exhaustive.
Czech Republic: New Opinions on Cookies and Telemarketing
In the run-up to Christmas, two interesting opinions were issued by public authorities that address some controversial matters frequently encountered in practice regarding cookies and telemarketing.