The Legal 500

Czech Republic

Editorial

Legal market overview

The Czech market appears to be recovering from its recent downturns over the course of the eurozone crisis.

While activity in the M&A market as a whole is still low, the energy and the telecoms sector have seen some major transactions. In addition, a number of private Czech investors are concentrating their wealth into quasi private equity funds, and this trend is certainly offsetting the increasing number of foreign investors leaving the market. On the real estate side, the recovery is slow at best; certain segments of the market, such as office buildings, are saturated and investments are rare.

Elsewhere, lawyers have been kept busy with the numerous restructurings flowing from the difficult economic environment. The start-up industry is slowly gaining visibility, as the first venture capitalists exit from their investments. And a major change is happening in the private law arena, with the new Civil Code (introduced as of January 2014) creating significant demand for legal advice.

Among the law firms, the key international players are Allen & Overy, Baker & McKenzie, v.o.s., advokátní kancelár, Clifford Chance, White & Case (Europe) LLP, CMS, and Weil, Gotshal & Manges LLP s.r.o Advokatin Kancelar; and Kinstellar s.r.o advokátní kancelár, Havel, Holásek & Partners s.r.o. and Glatzová & Co., s.r.o. stand out among the local firms.

Press releases

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to

Legal Developments in Czech Republic

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Czech Republic: Re-codification and Entrepreneurship

    Three new laws re-codifying Czech private law are set to change the country's current legal order entirely. The current order (i.e. Act No. 40/1964 Coll., Civil Code; Act No. 513/1991 Coll., Commercial Code; Act No. 97/1963 Coll., on International Private Law) will be abolished entirely and replaced with new laws of symbolic numbers: Act No. 89/21012 Coll., New Civil Code; Act No. 90/2012 Coll.; on Corporations; and Act No. 91/2012 Coll., on International Private Law. As one of the largest legal overhauls of the Czech Republic's laws in recent decades, this development is indeed an admirable achievement. Of course, nothing new comes into this world without difficulties.
  • Energy Performance Certificates

    Starting from 1 January 2013 the amendment to Act No. 406/2000 Coll., on Energy Management, as amended, has increased, to a significant extent, the obligations of developers, building owners, associations of housing unit owners and housing unit owners as well (i.e. owners of flats and non-residential premises) relating to the issue of so-called energy performance certificates. This instrument, which was first introduced in 2009 for new constructions or large scale reconstructions, should provide simple and transparent information about the energy consumption of a building by classifying it in a respective energy performance class, such asweknowit in the case of electrical appliances.
  • Occupational health service – new duties for employers

    The Act No. 373/2011 Sb., on Specific Health Services, became effective on 1 April 2012.
  • Energy Community sets up competition network

    On November 23 2012 a seminar on competition law enforcement in the energy sector held at the Energy Community Secretariat in Vienna saw the creation of the Energy Community Competition Network. Competition authorities from Albania, Bosnia Herzegovina, Croatia, Macedonia, Moldova, Montenegro, Serbia, Ukraine, Kosovo and Armenia, as well as representatives of the Energy Community Secretariat, signed a joint declaration on the etablishment of the network at the Energy Community. 
  • Prioritisation in competition cases_a step forward

    The forthcoming amendment to the Act on the Protection of Competition will make several changes to Competition Authority practices. Among other things, the amendment will introduce prioritisation into its practices, allowing the authority to decide not to initiate administrative proceedings following certain alleged breaches of the act where those breaches have a minor effect on competition. The authority will also be able to legally prioritise the investigation of some alleged infringements over others.
  • Czech Republic: Liability for damage caused by construction

    The construction of new buildings or the reconstruction of existing buildings, especially in dense urban areas, is almost always connected with the risk of causing damage to third parties. It is therefore important for the builder (contractor or property developer) as well as subjects exposed to potential damages (especially owners and users of adjoining buildings) to know the statutory conditions of liability for damages and related rights and obligations(1).
  • Mergers & Acquisitions 2013. Chapter 15: Czech Rep.

    This guide provides corporate counsel and international practitioners with a comprehensive worldwide legal analysis of the laws and regulations of mergers and acquisitions. This article appeared in the 2013 edition of The International Comparative Legal Guide to: Mergers & Acquisitions; published by Global Legal Group Ltd, London. www.iclg.co.uk.
  • Real Estate 2013. Chapter 12: Czech Republic

    This guide provides the international practitioner and in-house counsel with a comprehensive worldwide legal analysis of the laws and regulations of real estate. This article appeared in the 2013 edition of The International Comparative Legal Guide to: Real Estate; published by Global Legal Group Ltd, London. www.iclg.co.uk )
  • Czech Republic: Mandatory energy performance certificates for buildings in the Czech Republic as...

    of 2013
  • BID RIGGING OR CARTEL AGREEMENTS OF TENDERERS

    by Kristýna Oberfalcerová, Attorney-at-Law, Randa Havel Legal

Press Releases worldwide

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to
  • VEGAS LEX continues to represent OGK-2 in its gas turbine engine quality dispute

    On January 14, 2015, the VEGAS LEX law firm won an appeal case in the Sixteenth Commercial Court of Appeals for the sake of the Second Generating Company of the Wholesale Power Market (OGK-2)* in a dispute over the quality of a gas turbine engine (GTD-110) supplied by NPO Saturn to compel the defendant to restore the equipment's operation after a breakdown. The court ordered NPO Saturn to repair the broken GTD-110, with the cost of repairs adding up to RUB1bln, which is comparable with the cost of new equipment.
  • VEGAS LEX helps collect lost profit for Khanty-Mansiysk Non-State Pension Fund

    On January 13, 2015, the VEGAS LEX Dispute Resolution Practice won a case in the Ninth Commercial Court of Appeals for the sake of the Khanty-Mansiysk Non-State Pension Fund* in a dispute over a trust management agreement with regard to the fund's pension reserves.
  • Positive Developments for the Economy of Cyprus

    Normal 0 false false false EN-GB X-NONE X-NONE MicrosoftInternetExplorer4 It has been around one year and a half since the Eurogroup decisions to recapitalise Bank of Cyprus via a bail-in on 25 th of March 2013. Cyprus has worked hard since then to exit the financial crisis and to maintain its status and reputation as an international financial centre. Within October 2014, several positive developments which took place suggest that Cyprus is on a good path. These positive developments include: /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin:0cm; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Calibri","sans-serif";}
  • Gorodissky new practices

    In December 2014 the IP team of Gorodissky & Partners was joined by Valery Narezhny who will be in charge of the firm's new law practices such as taxes, customs and commercial laws. Valery graduated from Finance Academy under the Government of Russia (Moscow) majoring in "Finances and Credits" and the Academy of Law and Management (Moscow) majoring in "Civil Law", holds PhD degree in economics. He is specializing in taxes, currency, customs, labor and commercial laws and in court disputes. Valery started his carrier in the state bodies (Tax Policy Department, Ministry of Finance, and Government Administration), worked for a number of Russian and international law firms. He is author of more than 150 publications and 9 books on taxation and civil law issues. Valery Medvedev, Managing Partner, Gorodissky & Partners, commented: "It appears from our clients' enquiries that they are in the need to obtain consultations and professional advice relating not only to protection and enforcement of intellectual property rights but also to IP issues governed by taxes, labor, currency and commercial laws. Valery Narezhny having considerable experience and knowledge in these practices will no doubt enhance our team of lawyers and considerably enlarge the range of the firm's legal services"
  • HaoLiWen helps client resolve TP case with the customs

    HaoLiWen has advised a multinational client in a case of the customs challenge against import transfer pricing. Recently, this case was successfully closed. The customs has accepted the transfer pricing policies of the client.  The client has incurred no further import tax exposure, and the deposits put up with the customs for the shipments in question are to be refunded by the customs to the client.  
  • VEGAS LEX to support 2015 Jessup Moot Court Competition

    The VEGAS LEX law firm will support this year's Philip C. Jessup International Law Moot Court Competition, the largest and most prestigious law school competition, which will take place in Moscow from January 28 through February 1.
  • P+P Pöllath + Partners berät die Deutsche Bank und DN Capital bei Investitionen in Onlineportal Wi

    Der Onlinehändler Windeln.de hat seine bislang größte Finanzierungsrunde abgeschlossen. Mit einem Investitionsvolumen von insgesamt etwa EUR 45 Mio. beteiligten sich neben dem Hauptinvestor Goldman Sachs auch die bisherigen Geldgeber MCI Management, 360 Capital Partners, die Londoner Beteiligungsgesellschaft DN Capital sowie mehrere Deutsche Bank Fonds.
  • MOLITOR expansion continues

    Luxembourg, 26 November 2014 - MOLITOR Avocats à la Cour, have continued expansion plans by announcing the recruitment of experienced litigator François Cautaerts. François comes to MOLITOR from Philippe & Partners as a partner, with Paulo Lopes Da Silva, in litigation and Dispute Resolution as well as specialising in Restructuring & Insolvency.
  • MOLITOR announces another partner promotion

    Luxembourg, 19 January 2015 - MOLITOR Avocats à la Cour is delighted to announce the promotion of Stéphanie Juan to Partner. Stéphanie, 37, became a member of the team in 2006 and was appointed Counsel in 2014. She will continue her practice in the area of Real Estate, Zoning and Environment.
  • GENI & KEBE HONOURED FOR PRO BONO WORK

    Mouhamed KEBE and Boubacar Diakite, respectively Managing Partner, and Head Office Manager of GENI & KEBE have been honored for pro bono work by ‘'The Brooke'', a non-for profit organization based in London.