Kocian Solc Balastik has helped the Czech National Theatre obtain a building permit for the redevelopment of its New Stage and Operations buildings.

In its recent decision in re Smusta a.s., the Supreme Court ruled on the possibility to avoid a corporate transformation in insolvency proceedings.

Cytowski & Partners has advised Czech start-up Filuta AI on its USD 2.5 million pre-seed financing with Nation 1, SPM Invest, and Czech Founders VC.

Kocian Solc Balastik has advised the BiQ Group – investment group Intefi Capital’s technology division – on its acquisition of Puxdesign.

As of 1 January 2023, a significant amendment to the Act on Significant Market Power takes effect.

Clifford Chance and its Turkish affiliate Ciftci Attorney Partnership have advised Arcelik on the establishment of a joint venture between its Ardutch subsidiary and Whirlpool Corporation subsidiary Whirlpool EMEA Holdings to create a new standalone business in the European home appliances sector. Latham & Watkins advised Whirlpool.

For the last couple of months, we have all experienced a shortage of certain pharmaceuticals on the market, especially antibiotics or pharmaceuticals for fever reduction for children. Given that this situation reoccurs almost every flu season, the Ministry of Health of the Czech Republic has newly established a formal working group monitoring the availability of pharmaceuticals on the market. The Ministry of Health is also preparing the amendment to the Act on Pharmaceuticals so that it can, on its own or in cooperation with the State Institute for Drug Control („SUKL“), better respond to urgent drug shortages in case of crisis situations.

A draft of a preventive restructuring act is being discussed in the Czech legal environment to implement the EU directive on restructuring and insolvency (directive (EU) 2019/1023). The aim of the new legal regulation is to introduce an out-of-court restructuring model with shorter times to improve operations and the balance sheets of debtors in financial difficulties. Different forms of out-of-court restructuring are common and frequently used in many foreign jurisdictions, e.g. arrangements in England and Wales. Unlike insolvencies, in preventive restructuring the court is a “mere” supervisor supported by the restructuring trustee in certain situations.

JSK has advised Genesis Capital and the Avallon MBO Fund on their acquisition of TES Vsetin. CMS reportedly advised ARX Equity Partners on the sale.

The Czech Republic is looking at a promising start to the year, after somewhat of a market slowdown towards the end of 2022, with no dark clouds on the horizon just yet, according to Schoenherr Partner Vladimir Cizek.

PRK Partners has successfully represented the interests of a client who completed a gender transition process in a matter regarding the issuance of official documents bearing the applicant's new personal data before the Supreme Administrative Court.

Kocian Solc Balastik has advised J&T Agriculture and Ecology on its acquisition of 11 companies within Spearhead Czech and Spearhead Slovakia and the related acquisition financing by a banking group led by Komercni Banka. Clifford Chance advised the lenders.

Former Osborne Clarke CEO Simon Beswick has joined Kinstellar’s Board of Directors as a non-executive member.

Partner Stepan Starha has been elevated to an Equity Partner with Havel & Partners, while Lawyer Jiri Kunasek has been promoted to Partner.

JSK has advised Bunzl on its acquisition of VM Footwear. HKR Advokatni Kancelar reportedly advised the sellers.

Former Managing Associate Ondrej Ponistiak has become a Partner with BPV Braun Partners as of January 1, 2023.

CEELMDirect Profile Pick: A series of interviews with Premium profile-holders on the CEELMDirect legal directory. Today’s interview: Jiri Sixta, Partner at Glatzova & Co. in Prague.

BBH has announced the appointment of Andrea Adamcova, Matej Manderla, and Petr Vosahlik as Partners within the firm, effective January 1, 2023.