The Legal 500

PRK Partners

JÁCHYMOVA 26/2, 110 00 PRAHA 1, CZECH REPUBLIC
Tel:
Work +420 221 430 111
Fax:
Fax +420 224 235 450
Web:
www.prkpartners.com
Email:

What we say about the firm's legal practice in Czech Republic

Banking, finance and capital markets

Within Banking, finance and capital markets, PRK Partners is a first tier firm,

PRK Partners’ banking and finance team is led by Robert Nemec, and also includes Marek Procházka, Radan Kubr and Martin Aschenbrenner, who provide strong securities expertise. The group has been focused on advising investors and banks concerning financing of solar energy projects.

Corporate and M&A

Within Corporate and M&A, PRK Partners is a second tier firm,

PRK Partners recruited François Veit and a ten-member Prague team from Gide Loyrette Nouel in January 2011, following the French firm’s decision to close its Czech operations. The newcomers join a practice that already included Martin Kríž, Marek Procházka and Radan Kubr. The team acts on domestic and cross-border transactions, and advised CVC Capital Partners on the Czech aspects of acquiring Anheuser-Busch InBev’s Central European operations, and also represented local energy group Dalkia during negotiations for its acquisition by CEZ.

Dispute resolution

Within Dispute resolution, PRK Partners is a second tier firm,

PRK Partners’ Robert Nemec and Marek Procházka represent a range of domestic and international clients in litigation.

Legal market overview

Within Legal market overview,

The increasing sophistication and cross-border expertise of local firms is providing a substantial challenge but international firms still tend to win large public tenders. Nonetheless, market dynamics are shifting, as the trend for new boutique practices spinning off from established firms has continued. Czech firms are also looking to expand abroad, particularly in jurisdictions to the east. Gide Loyrette Nouel announced its exit from the market and closed its Czech operations, with the Prague team joining local firm PRK Partners.

Real estate and construction

Within Real estate and construction, PRK Partners is a second tier firm,

Daniel Rosický and Jakub Lichnovský lead the real estate team at PRK Partners, with Lichnovský particularly specialising in greenfield and brownfield investments, including state-funded projects. The firm also handles financing, construction and leasing.

TMT

Within TMT, PRK Partners is a third tier firm,

Robert Nemec heads PRK Partners’ TMT practice, which advises telecoms clients on regulatory and licensing issues.


Legal Developments in Czech Republic

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Defence against vexatious insolvency petitions

    Insolvency proceedings aim mainly to find a complex solution to the financial standing of a debtor who has gone bankrupt according to one of the laws (Act No 182/2006 Sb., on Insolvency and the Methods of its Solution; hereinafter referred to as the “Insolvency Act” ) in the way set forth, especially in order to secure the claims of creditors. In practice, some institutes of the Insolvency Act are used in ways that contrast with its general purpose.
  • Czech Republic: Typical Legal Issues Encountered in Real Estate Due Diligence

    In almost every due diligence involving real estate in the Czech Republic, several legal is-sues emerge which are crucial for the existence (or non-existence) of ownership or other rights regarding real estate established in favour of certain subjects. The following legal issues are typically encountered in due diligence projects. It is important to understand and assess these issues correctly.
  • CHANGES IN THE PROMOTION OF RENEWABLE ENERGY

    legal developments in the energy practice
  • What will the new Tax Procedure Code bring?

    On 1 January 2011 the new Tax Procedure Code took effect which will regulate tax proceedings in the Czech Republic . As tax proceedings concern almost everybody, as almost everybody pays tax, let us look at what the new Tax Procedure Code will bring.
  • Legal Aspects of the Subsidy Process in Connection with the Operational

    The Operational Program Research and Development for Innovations (OPRDI) was implemented for public institutions in the industrial research and development sector. The aim of the program is to develop cooperation between universities and industrial enterprises, to support research and development at universities and research institutions, and to highlight supply and demand in the research and development sector. The Ministry of Education, Youth and Sports of the Czech Republic (www.msmt.cz) is charged with managing the program. Knowledge of certain basic principles is useful when using subsidies in compliance with the stipulated rules.
  • Cross-Border Service Provision in the EU

    The Directive of the European Parliament and of the Council 2006/123/EC of 12 December 2006, on services in the internal market ("Directive" or "Directive on services") substantially develops the freedom of establishment and freedom of cross-border provision of services under Articles 43 and 49 of the EC treaty. The Directive applies to all types of services except those which are expressly excluded. In the Czech Republic, the Directive on services was implemented by Act No. 222/2009 Coll., on Free Movement of Services that came into force on December 28, 2009.
  • Act on Significant Market Strength and Its Abuse – a Controversial Law Regulating Relations betwee

     
  • Comparing the Czech and Slovak regulation of the time limit for tax assessment: the Czech 3+0 rule

     
  • Czech Republic (in The European & Middle Eastern Arbitration Review 2011)

    Alternative dispute resolution is an important consideration in the Czech Republic, particularly on account of the fact that judicial proceedings in the state courts can take up to several years. Arbitration is currently in common use in the resolution of both national and international disputes.
  • Real Estate Tax in 2010

    The real estate tax rate doubled on the basis of the amendment to the Real Estate Tax Act that came into force in 2010. Therefore some municipalities took their option and increased the tax rates. The rate increased from CZK 5.00 to CZK 10.00 per square meter of built-up area for structures serving for industry, building industry, transport, energy industry and other agricultural production, and from CZK 0.10 to CZK 0.20 per square meter of land. Arable land, hop gardens, vineyards, gardens, fruit orchards, permanent grasslands, productive forests and fish ponds, and also structures for other business activity make an exception.