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.
Did COVID-19 Redefine the Czech Real Estate Deals Landscape?
The COVID-19 pandemic undoubtedly hit the real estate market. In response, the government adopted a series of measures that included an extraordinary moratorium, often used by commercial tenants, and a rent reduction scheme in which the government subsidized the rent in cases where the landlord was willing to provide a discount. Most importantly, the crisis made the government abolish the 4% real estate transfer tax.
Havel & Partners Organizes Architectural Workshop for Vlcek Family Foundation
Havel & Partners has, on a pro bono basis, helped the Vlcek Family Foundation organize an architectural workshop in which an expert jury selected the winning design for the reconstruction of the Cibulka estate in Prague.
Hogan Lovells Successful for CPI Property Group and Radovan Vitek in a Defamation Dispute
Hogan Lovells has successfully represented CPI Property Group and Radovan Vitek before the New York’s Appellate Division in a defamation dispute initiated by Kingstown Capital.
Taylor Wessing Advises Passerinvest on Prague Office Building Acquisition
Taylor Wessing has advised the Passerinvest Group on its acquisition of the building housing the general headquarters of the Directorate of Roads and Motorways, in the Prague 4 district, from investor Simona Otavova.
Clifford Chance Advises UniCredit Bank on Refinancing of Mattoni 1873
Clifford Chance has advised UniCredit Bank Czech Republic and Slovakia on the refinancing of the existing financial indebtedness of the Mattoni 1873 group.
Cytowski & Partners Advises Spaceflow on Series A with Hydda
Cytowski & Partners has advised Spaceflow on a EUR 8 million Series A round with Hydda.
The Buzz in the Czech Republic: Interview with Prokop Verner of Allen & Overy
While recent legal updates are causing delays and others are potentially removing positive developments, Allen & Overy Partner Prokop Verner points out that there are reasons to be optimistic, especially if one is to follow the energy and online retail sectors.
Monika Kajankova Joins Dentons' Prague Office as Partner
Former Wilsons Attorney-at-Law Monika Kajankova has joined Dentons' Prague office as a Partner on May 15, 2022.
Glatzova & Co Advises Handolfo Invest on Acquisition of Algamo
Glatzova & Co has advised Germany's Handolfo Invest on its acquisition of Czech food supplements manufacturer Algamo. BNT Attorneys in CEE reportedly advised the seller.
Clifford Chance and Allen & Overy Advise on EUR 137.5 Million Loan to Accolade
Clifford Chance has advised a club of lenders including Komercni Banka, Ceska Sporitelna, and Raiffeisenbank on a EUR 137.5 million loan to the Accolade group for the construction of an Amazon automated distribution center. Allen & Overy advised Accolade.
JSK Advises Sudop CIT on Acquisition of Profiq
JSK has advised Sudop CIT on its acquisition of Czech information technology company Profiq. The Marek Hoskovec law office reportedly advised the sellers.
KSB Advises VGP Group on Warehouse Lease to Hella Autotechnik
Kocian Solc Balastik has advised the VGP Group on leasing a 49,000 square-meter warehousing commercial space in VGP Park Olomouc to Hella Autotechnik Nova. Dentons reportedly advised Hella Autotechnik on the deal.
Czech Republic: Five Basic Legal Mistakes Start-Ups Should Avoid
A good idea is the cornerstone of a successful start-up. In practical terms, however, it is often not enough. Here is an overview of legal mistakes founders of start-ups often make but that can be easily avoided on the way to the next step towards success.
Jan Kubicek Joins BAT in the Czech Republic
Jan Kubicek has joined British American Tobacco in the Czech Republic as Senior Legal Counsel.
Havel & Partners Advises Credo Ventures on Investment in EquiLibre Technologies
Havel & Partners, working with Cytowski & Partners, has advised Credo Ventures on its investment in the start-up EquiLibre Technologies.
Marek Bomba Becomes Partner at Eversheds Sutherland
Former Counsel Marek Bomba has become a Partner in the Prague office of Eversheds Sutherland.
David Plch Goes Solo
Former White & Case Partner David Plch has left the firm's Prague office to establish his own solo practice – The Law Office of David Plch.