On September 22, 2022, CEE Legal Matters reported that Rowan Legal had advised Central Europe Industry Partners on their acquisition of a 70% stake in AMiT Holding. CEELM reached out to Rowan Legal Partner Jan Frey to learn more about the deal.
Clifford Chance Advises ArcTern Ventures on Investment on Woltair
Clifford Chance has advised ArcTern Ventures on leading a EUR 16.3 million Series A funding round for Woltair. Pierstone reportedly advised Woltair on the deal.
More than 75% of Czech Companies Engage in Non-financial ESG Activities as Part of Their Business, Survey Reveals
Business that considers environmental and social aspects alongside economic results and is managed in a transparent manner – this is the goal of the ESG framework, which has recently gained much attention. A survey carried out by the prestigious Czech research agency Ipsos for our law firm indicates that this is an issue that is currently being addressed by more than 75% of Czech companies and businesses. Although for the time being ESG obligations apply mainly to companies in the banking and financial sector, it is envisaged that these obligations will be extended to all large, and selected medium-sized, companies in the future. We have discovered that seemingly over half of the companies in the Czech Republic would be inclined to use the services of professionals from law firms or consultancies to implement successful ESG solutions in such a case.
Cytowski & Partners and Linkers Advises on Talkbases' USD 2 Million Pre-Seed Funding Round
Cytowski & Partners has advised both Talkbase and J&T Ventures on Talkbases' USD 2 million pre-seed financing. Linkers Legal advised J&T Ventures as well.
Allen & Overy Advises Eurowag on Partnership with JITpay Group
Allen & Overy has advised Eurowag on a strategic partnership through the acquisition of a minority stake in the JITpay Group. Reportedly, Germany-based Compleneo advised the JITpay Group.
KSB Advises J&T Banka on Rohlik Group Bond Issuance
Kocian Solc Balastik has advised J&T Banka on the CZK 1 billion increase of Rohlik Group's bond issuance.
Czech Republic: Amendment to the Czech Labour Code – Get Ready for Changes in 2023!
A draft amendment to the Czech Labour Code, to transpose European legislation into the Czech legal system, is currently being considered by Czech ministries. As the amendment introduces significant changes that will affect almost all employers, allow us to present you with a brief summary of at least the most important ones.
Baker McKenzie Advises EPH Group on Acquisition of PZEM Wholesale Business and Sloe Power Plant
Baker McKenzie has advised Energeticky a Prumyslovy Holding on its acquisition of all shares in the Dutch PZEM Energy Company and PZEM Pipe and 50% of shares in Sloe Centrale Holding from PZEM. NautaDutilh advised PZEM.
Dentons and White & Case Advise on Eurowag Refinancing
Dentons has advised Komercni Banka and Ceska Sporitelna on the EUR 715 million refinancing of the Eurowag Group. White & Case advised Eurowag.
PwC Legal and Havel & Partners Advise on Orlen Unipetrol's Acquisition of Remaq
PwC Legal has advised Orlen Unipetrol on the acquisition of Remaq. Havel & Partners advised Libor Vecera, Renata Vecerova, and Dieffe SRL on the sale.
New Rules in Czech Ubo Law as of 1 October 2022. Immediate Threat of Sanctions.
The Czech Act on Ultimate Beneficial Owners (the "UBO Act") has been effective since 1 June 2021. Not even a year and a half later, Czech lawmakers introduced an amendment to the UBO Act (the "Amendment") after significant pressure from the European Commission to comply with the Fifth Anti-Money Laundering Directive ("AMLD5").
Havel & Partners Advises Skoda Auto on Dispute Settlement Over Skoda Trademark
Havel & Partners has advised Skoda Auto in resolving disputes over the use of the Skoda sign with engineering companies from the Skoda Group.
PRK Partners Advises Banks on EPH Financing Bond Issuance
PRK Partners Advises Ceska Sporitelna, Komercni Banka, and UniCredit Bank Czech Republic and Slovakia in the sale of bonds issued by EPH Financing.
Penteris, HKV, and Oppenheim Advise on Immofinanz's EUR 324.2 Million Acquisition of Retail Portfolio from CPI
Penteris, HKV, and Oppenheim have advised Immofinanz on the acquisition of a retail property portfolio from the CPI Property Group for EUR 324.2 million. Reportedly, BPV Braun Partners advised Immofinanz as well.
The Czech Republic Preparing for the Worst: A Buzz Interview with Jiri Tomola of Dentons
With instability and uncertainty both in the political and economic spheres, the Czech Republic is preparing for a new wave of restructuring and insolvency procedures, according to Dentons Partner Jiri Tomola.
Romana Szutanyi Joins Rowan Legal as Head of Employment
Former KPMG Lawyer Romana Szutanyi has joined Rowan Legal as Head of Employment.
New Cybersecurity Rules in Europe
Europe is awaiting the evolution of cybersecurity. On 3 May 2022, the Council and the European Parliament agreed on the so-called NIS 2 Directive (Directive on measures for a high common level of cybersecurity across the Union). NIS 2 repeals the currently effective NIS Directive.
PwC Legal and Rowan Legal Advise on Sale of AMiT to Central European Industry Partners
PwC Legal has advised AMiT Holding co-founders and co-owners Michal Prerovsky, Martin Vosahlo, and Karel Ludvik on their sale of a 70% stake in AMiT Holding to Central Europe Industry Partners. Rowan Legal advised CEIP on the acquisition.