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 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.

Political upheaval has been shaking Slovakia, halting legislative efforts and endangering the country's readiness to face the energy and other crises, according to Havel & Partners Partner Stepan Starha. 

Following a long lasting process since 2010 the European Court of Human Rights (the “ECHR”) held that Slovakia violated right to property due to the refusal of its courts to enforce an International Chamber of Commerce (the “ICC”) arbitral award ruling that the National Property Fund of Slovakia (the “NPF”) was due to pay BTS Holding (“BTS”) approx. EUR 1.9 million plus interest. (the “Decision”)

JSK has advised Abris Capital Partners and its portfolio company Alsendo on their acquisition of a majority stake in Zaslat.cz. Samak reportedly advised the sellers.

Glatzova & Co has advised Pale Fire Capital on its acquisition of an investment stake in Czech heat pump manufacturer Acond. The NK Law Group advised the previous investor on the sale.

Contributed by CMS.

Dentons has provided pro bono legal representation to whistleblower Maria Koranova, an employee of a state-funded organization founded by Slovakia’s Ministry of Health.

New investment screening legislation entered into force on 1 March 2021. Under the new FDI regime the acquisition of a shareholding in certain designated entities or of the business of these entities needs to be reported and may be subject to approval of the Slovak Government.

Dentons has advised a syndicate of banks led by Ceska Sporitelna, and including Ceskoslovenska Obchodni Banka and Komercni Banka, on the financing of KKCG Group and Aricoma Group’s acquisition of Musala Soft. Polenak, Boyanov & Co, and, reportedly, Andric and TM & Partners advised the banks as well. Clifford Chance advised Aricoma Group on the deal.

Last year has been a busy time in terms of warranty & indemnity insurance for the CEE market, according to W&I Insurance Broker and Advisor and former M&A lawyer Gergely Juhasz.

Havel & Partners has advised Slovenska Posta on a four-year investigation and administrative proceedings concluded with imposing commitments and no fine.

Havel & Partners has advised ZFP Investments on its acquisition of the Blumental Offices project from Corwin. Dentons advised the seller.

Nedelka Kubac Advokati has advised Slovenska sporitelna, VUB, Tatra banka, CSOB, and 365.bank on receiving European Commission approval for a joint venture between the five banks.

Kocian Solc Balastik has advised arranger J&T IB Capital Markets on the issuance of unsecured unsubordinated book-entry bonds by J&T Energy Financing CZK, with a total value of EUR 750 million and an option to increase to EUR 2.25 billion.

JSK has advised Credit Value Investments on its investment in the Saunia Group through a bond financing. BDO Legal reportedly advised Saunia.

Havel & Partners, Savoric & Partners, ODI Law, and Hillbridges have advised a syndicate of banks on the approximately EUR 196 million syndicated cross-border refinancing loan to the CCC Group. Linklaters, Lakatos Koves & Partners, and Filip & Company reportedly advised the lenders as well.

Schoenherr, working with Pinsent Masons and Wenger Vieli, has advised Kontron on selling parts of Kontron Group’s IT services business to Vinci Energies during a competitive auction process, for approximately EUR 400 million. Reportedly, Baker McKenzie’s German office advised Vinci Energies. Loloci & Associates advised Kontron on Albanian matters.