Dentons has advised Komercni Banka on acquiring a 49.9% stake in SG Equipment Finance Czech Republic from Societe Generale Equipment Finance. Jones Day and Schoenherr advised Societe Generale. White & Case reportedly advised SGEF owner BPCE.
Freshfields, BDK Advokati, and Baker McKenzie Advise on Midea's Acquisition of Arbonia Climate Division
Freshfields has advised Midea Group subsidiary Midea Electrics Netherlands on its EUR 750 million acquisition of the climate division from Arbonia AG. BDK Advokati advised Midea on the local aspects of the acquisition of Serbian company Termovent, as part of the broader transaction. Baker McKenzie advised Arbonia.
Clifford Chance Advises Atrium Group Services on Sale of Atrium Flora Shopping Center
Clifford Chance has advised Atrium Group Services on the sale of Atrium Flora shopping center to Max Realitni. BNT Attorneys reportedly advised Max Realitni.
Michal Jasek and Milan Rakosnik Become Partners at Clifford Chance
Clifford Chance has promoted Michal Jasek and Milan Rakosnik to Partner.
BBH and CMS Advise on PPF Real Estate's Acquisition of Hilton Prague
BBH has advised PPF Real Estate on its acquisition of Quinn Hotels Praha which owns Hilton Prague. CMS advised Quinn Hotels Praha.
Licencing of Crypto-Asset Providers in Czechia
The Czech Republic has recently implemented new regulations for crypto-asset service providers, marking a significant step in aligning its legal framework with European Union standards. The Act on Digitalisation of the Financial Market (ZDFT), effective as of 15 February 2025, introduces comprehensive rules for the rapidly evolving digital finance sector. This article delves into the main features of the new law, its practical implications, and the specifics of the Czech regulation in the area of digital finance and crypto-assets.
Clifford Chance Advises SMBC Group on JPY 80 Billion Samurai Loan for EPH
Clifford Chance has advised Sumitomo Mitsui Banking Corporation as the sole coordinator, sole bookrunner, and mandated lead arranger on a JPY 80 billion samurai loan for Energeticky a Prumyslovy Holding.
An Outlook on 2025: Labor in the Czech Republic
Peterka & Partners Partner Adela Krbcova talks about labor in 2025 in the Czech Republic.
For the Love of the Game: CEE’s Gaming Sector
Over the past few years, the gaming sector has been thriving in CEE. Kinstellar Partner Milan Samardzic, Rowan Legal Partner Milos Olik, ACI Partners Head of Fintech and E-Payments Nicolina Turcan, and Linklaters Warsaw Associate Aleksandra Czubek explore how CEE jurisdictions are driving the industry forward and unlocking new potential.
Czech Republic: The Cyber Resilience Act
The European Union is following its roadmap to strengthen the cybersecurity framework. After the Cybersecurity Act (Regulation (EU) 2019/881), which created a certification framework and established the European Union Agency for Cybersecurity (ENISA), and NIS 2 (Directive (EU) 2022/2555), which aims at enhancing the cybersecurity of essential and important services, the European Union introduced the protection of connected software and devices, in other words, the cybersecurity of the IoT. In October 2024, the European Council officially adopted the Cyber Resilience Act (CRA) which is about to be published in the EU Official Journal. The Czech Republic is now intensively preparing for the adoption of the Cybersecurity Act, which transposes the NIS 2 Directive, but awareness of CRA is low, even though critical software is being developed in the Czech Republic.
Czech Republic: Overview of Selected Obligations in Connection with the End of the 2024 Accounting Period
With the end of the 2024 calendar year accounting period, companies must focus on key obligations associated with it. This overview, prepared by the law firm Eversheds Sutherland, summarizes the most important deadlines and obligations related to financial statements, the annual report, the related parties report, and the filing of the corporate income tax return. Proper and timely fulfillment of these obligations is essential to comply with legal requirements.
Reals Advises Investika Real Estate Fund on Acquisition of Pilsen Development Project
Reals has advised Investika Real Estate Fund on the acquisition of the Anglicke Nabrezi – U Zvonu development project in Pilsen from private sellers. Krivanek Tomasek and Andrs and Haloun reportedly advised the sellers.
CEE Legal Matters Comparative Legal Guide: Real Estate 2025 is Now Out!
CEE Legal Matters is proud to introduce the latest in our Comparative Guides series. This one focuses on Real Estate in CEE.
GDPR Fines and Data Breach Trends in the CEE Region
The latest DLA Piper GDPR Fines and Data Breach Survey provides a comprehensive overview of data protection enforcement trends across Europe, including the Central and Eastern European (CEE) region. CEE countries are in the mid-range in terms of total GDPR fines imposed since the regulation became applicable in 2018 and for last year, but enforcement activity is steadily increasing. Here are the latest trends and legal developments in Austria, the Czech Republic, Hungary, Poland, Romania, and Slovakia.
"'Stewardess' Out of the Game," or the First Successful Follow-On Claimant's Damages Action in the Czech Republic
When discussing competition law, the Competition Authority and its powers are usually part of the business conversation, given that it is the key enforcer ensuring fair competition and penalizing those who try to distort it. However, for many undertakings, a decision by the Competition Authority isn’t always the end of their fight for justice – sometimes it’s just the beginning. Affected competitors often have to undertake significant efforts to seek compensation from those whose anti-competitive behaviour has harmed or even destroyed their business. In this article, we share our experience with the first-ever successful follow-on damages action in the Czech Republic and the challenges we encountered along the way.
Gleiss Lutz Advises EP Global Commerce on Regulatory Aspects of Metro Delisting Offer
Gleiss Lutz has advised EP Global Commerce on foreign investment control and merger control matters related to its public delisting offer for all shares in Metro AG not already held by EPGC.
CMS Advises on Smarty Group Financing
CMS has advised a club of Czech banks including Ceska Sporitelna, Ceskoslovenska Obchodni Banka, Komercni Banka, and Raiffeisenbank, on financing for Smarty Brands Group.