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Czech Republic > Law firm and leading lawyer rankings
- Legal market overview
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Legal market overview
Overall, the business environment in the Czech Republic is positive. Although headline M&A transactions are a rarity, there has been growth in the value and volume of deals undertaken, with real estate, IT and healthcare the busiest sectors; acquisition financing terms are very favourable with low interest rates. The market’s traditional investors, which retreated from the country following the financial crisis, have been slow to return, enabling Czech companies and private equity funds to capitalise. Indeed, there has been a notable trend of domestic players consolidating existing sector strengths.
With the surplus of bank financing available in the market, inevitably, it follows that this has been a lean period for capital markets deals. However, 2016 did produce a major IPO in the financial services sector – that of Moneta Money Bank, General Electric’s Czech banking business.
Major domestic firms include Kocián Solc Balastík, BBH, advokátni kancelár, S.R.O. and Weinhold Legal, while there are also several international players present in the country. There have been relatively few moves in the legal market, although one of note was the departure of a team from White & Case (Europe) LLP to join a newly established private equity fund.
Firms in the spotlight
Bányaiová Vožehová, s.r.o., law office
The firm was established in 2010 by Lucie Dolanská Bányaiová and Lucie Vožehová as partners and Alena Bányaiová, a former partner in Salans (now Dentons). The firm has grown considerably since then and now has ten lawyers providing legal services in practically all areas of law. The main focus is on corporate and M&A, commercial contracts, commercial litigation, real estate and labour law.
Legal Business: country analysis
Breaking new ground – advisers hope shale revolution can restart CEE market
Weighed down by political unrest and slowing economies, energy and infra projects look like one area to be driving
the CEE economy. Can the shale revolution power up
Click here to read the feature.
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WTS Alfery has been nominated for the Central & Eastern Europe Tax Firm of the Year Award as one of five firms in this category.
The Czech Ministry of Labor and Social Affairs („MLSA“) recently submitted for interdepartmental comment a proposal act that will significantly reduce the usage of (so-called) "agency employees". read more...
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.
The Act No. 373/2011 Sb., on Specific Health Services, became effective on 1 April 2012.
by Kristýna Oberfalcerová, Attorney-at-Law, Randa Havel Legal
by Kristýna Oberfalcerová, Attorney-at-Law, RANDA HAVEL LEGAL
The Chamber of Deputies of the Czech Republic definitively decided that laws concerning recodification of private law shall become effective on 1 st January 2014. There is less than two years left to prepare for the new legal regulation. In this issue of the News we bring you information on some changes the recodification shall bring with regard to limited liability companies. As we have informed you before, recodification does not involve only the new Civil Code but, i.a. also the completely new Business Corporations Act (NBCA). As it follows from its title, this Act will regulate part of the present Commercial Code regarding business companies.
Shortly before the end of the year, the act No 418/2011 Sb., on criminal liability of legal entities and proceedings against them (hereinafter referred to as the “Act on criminal liability of legal entities”) was published in the Collection of Laws. The Czech Republic has introduced this long-discussed breakthrough regulation, which was vetoed by the President in November 2011, as one of the last EU member states. Legal entities should pay attention to this law since fines amounting to millions or dissolution of legal entity are among the sanctions.
Employers ought to tread carefully when it comes to terminating an employment relationship during the probationary period, as a reduced notice period for dismissal only applies if the employment contract has been clearly drafted.
Legal 500, the world’s legal guide to the leading law firms and outstanding lawyers in over 100 jurisdictions, has recently released tiered rankings for the EMEA region for 2017. We are extremely proud that our law Firm is placed in the TOP tier rankings for Cyprus.
Igor Chumachenko for radio Business FM: courts must observe balance of interests of co-investors andVEGAS LEX partner Igor Chumachenko has commented on recovery of damages from developers for failure to meet construction deadlines for Radio Business FM.
Kuoni Travel Holding Ltd, owned by EQT VII, a fund of the private equity group EQT, and the Kuoni and Hugentobler Foundation, has entered into a binding agreement on the sale of its GTD business division (GTA) to Hotelbeds Group, owned by a consortium led by Cinven und Canada Pension Plan Investment Board (CPPIB). The shareholders of Kuoni Group will roll-over a large portion of their participation in GTA into the combined Hotelbeds/GTA business and upon completion, will hold a substantial minority stake in the combined Hotelbeds/GTA business. Completion of the transaction is subject to customary closing conditions, including merger control filings and approvals.
Studio Legale Villata, Degli Esposti e Associati is pleased to announce the forthcoming publication of a volume on the reform of the Italian Public Procurement Code. A number of experts in Administrative and Public Law will contribute to the work, which is coordinated by Professor Villata.
Manager of Life sciences projects Maria Borzova has led a workshop on main trends in administrative and judicial practices in public procurement of medicines.
On 13 April, VEGAS LEX hosted the roundtable discussion “Advertising of Medicines: Good Practice Criteria?” with the participation of FAS Russia's Department for Control over Advertising and Unfair Competition. Major pharmaceutical manufacturers and representatives of professional associations took part in the discussion.
It is possible for a works council to push through the dismissal of an employee, as demonstrated by a recent ruling of the Bundesarbeitsgericht (BAG), Germany’s Federal Labour Court, from March 28, 2017 (Az.: 2 AZR 551/16).
Aziz Rahman explains what those trading internationally need to do to ensure they are not targeted by money launderers.
Health claims in relation to mineral water need to be consistent with the Health Claims Regulation. This was confirmed by the Bundesgerichtshof (BGH), Germany’s Federal Supreme Court, in its ruling of January 30, 2017 (Az.: I ZR 257/15).