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Legal market overview
After a somewhat turbulent period through 2013 and 2014, the Czech Republic has recovered and established itself as a healthy and open economy. While the auto industry remains one of the largest in the country, there has been a notable rise in transactions within the financial services sector, with a number of bank M&A deals keeping the market busy.
The Czech Republic’s reputation as a safe, promising and commercially viable country has attracted a wide range of foreign investments, as well as cooperation and integration with other markets, especially Germany’s and those of other German-speaking countries. In addition to foreign investments, the country has seen an upturn in domestic investments, an indication of growing independence.
Similarly, the legal market reflects a similar trend of domestic law firms gaining in importance and international reach. Local firms including Kinstellar s.r.o advokátní kancelár; Glatzová & Co., s.r.o. and Havel, Holásek & Partners s.r.o. are establishing themselves as solid and strong alternatives to international law firms such as Allen & Overy; Baker & McKenzie s.r.o., advokátní kancelár; Clifford Chance and White & Case (Europe) LLP.
Firms in the spotlight
Z/C/H Legal., advokátní kancelář.
ZCH Legal (formerly Zilvarova Ctibor Hladky) is a renowned medium-sized law firm located in the centre of Prague. The firm operates under a leadership of three: Radek Hladky, the expert in real estate, corporate and M&A, insolvency and restructuring and leasing; Jiri Ctibor, who excels in franchising, banking and finance and compliance, risk and corporate governance and is often invited to speak at highly-regarded seminars on topics of note; and Jana Hladka Zilvarova, who co-ordinates the firm’s activities.
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.
GC Powerlist -
INSIGHT: Hard graft
the pan-Europe bribery crackdown
As European agencies turn up the heat on bribery and corruption, we team up with Simmons & Simmons to assess how clients are responding.
Search News and Articles
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.
The Bundesverfassungsgericht, Germany’s Federal Constitutional Court, recently had to grapple with the issue of whether greater value ought to be attached to artistic freedom or copyright law in a given case. In its judgment of May 31, the Court chose to bolster artistic freedom (Az. 1 BvR 1585/13).
On September 7, 2016 VEGAS LEX organized a roundtable on Private Investment and PPP in the Defence Industry: Participants, Mechanisms and Prospects as part of the ARMY 2016 international military technical forum.
Anyone who does not wish to have their estate distributed in accordance with the rules of intestate succession needs to prepare a will or contract of inheritance. In order to prevent disputes from occurring, it is important that the testator’s final wishes be clear.
Schoenherr Bratislava has advised the Albéa group ("Albéa") on the acquisition of 100 % of the shares in SCANDOLARA TUB-EST, s.r.o. ("Scandolara"), a Slovak subsidiary of the Italian Scandolara Group, which produces laminate tubes. read more...
Basellandschaftliche Kantonalbank (BLKB) and the Swiss robo-advisor True Wealth AG have entered into a strategic partnership. BLKB further acquired a minority stake in True Wealth.
Recordati, an international pharmaceutical group listed on the Italian Stock Exchange, acquires the Swiss pharmaceutical company Pro Farma AG.
On 22 July 2016, the shareholder sold a majority stake in the AutoForm Group to Astorg Partners. AutoForm Group is a leading provider of software solutions for the design and sheet metal forming simulation. Astorg Partners is one of the most successful independent private equity companies in Europe.
Kyiv, 9 September 2016 - AVELLUM advises Custos Invest & Finance Inc., one of the Datagroup’s shareholders, in connection with the increase of the stake of Horizon Capital in Datagroup from significant minority to over 70%.
If a car dealership advertises with a manufacturer’s logo without being an authorized dealer, this may constitute misleading advertising vis-à-vis consumers and violate competition law.
Baker & Partners will be holding a Breakfast Briefing on fraud and asset recovery cases involving financial institutions on 22 nd September, 8.00-9.30am, at The Royal Yacht Hotel.