Legal500

BBH, advokatni kancelar, v.o.s.

KLIMENTSKÁ 1207/10, 110 00 PRAGUE 1, CZECH REPUBLIC

Tel:: Work +420 234 091 355
Fax:: Fax +420 234 091 366

Web:: www.bbh.eu
Email:

Prague, Moscow, Bratislava

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

Banking, finance and capital markets

Within Banking, finance and capital markets, BBH, advokatni kancelar, v.o.s. is a first tier firm,

BBH, advokatni kancelar, v.o.s. acted for AnaCap FP GP Limited, Equa Group Limited, and Equa Holdings Limited in obtaining approval from the Czech National Bank to take a controlling stake in Banco Popolare Czech Republic. It is also particularly active in aircraft finance: it is advising Crédit Agricole on the financing of an Airbus A319 purchase by CSA, and represented lead manager J&T Banka on ABS Jets’ CZK450m five-year bond issue. Partners Tomáš Otruba, Petr Mlejnek and Tomáš Sedlácek are recommended, as is senior lawyer Andrea Adamcová.

Corporate and M&A

Within Corporate and M&A, BBH, advokatni kancelar, v.o.s. is a second tier firm,

BBH, advokatni kancelar, v.o.s. advised Tromsom and Bertail on winding up of the OOO Eldorado joint venture and associated litigation, and advised PPF Group (Tromsom’s owner) on buying a 50% minus one share stake in Eldorado Group. Practice head Tomáš Pešek and Jirí Nemec are recommended.

Dispute resolution

Within Dispute resolution, BBH, advokatni kancelar, v.o.s. is a second tier firm,

BBH, advokatni kancelar, v.o.s. is busy with insolvency proceedings and contract disputes, including the insolvencies of SAZKA and AB-CREDIT. It is also representing ŠKODA POWER in arbitration over receivables insurance. František Honsa has extensive experience in criminal proceedings, particularly white-collar crime, whereas Vladimír Uhde focuses on commercial court and arbitration proceedings.

Real estate and construction

Within Real estate and construction, tier 4

Prague-based team head Jirí Šterba focuses BBH, advokatni kancelar, v.o.s.’s practice on financing, development, and acquisitions, and has particular expertise in advising Russian real estate ventures. The group is advising Credoma on restructuring its €40m real estate portfolio.

TMT

Within TMT, BBH, advokatni kancelar, v.o.s. is a third tier firm,

BBH, advokatni kancelar, v.o.s. advised Ceska pojistovna on licence compliance and an ICT provision project with an offshore entity. The Czech Ministry of the Interior and Omnicom Media Group are key clients. Former practice head Ondrej Knebl left the firm in February 2012.

Tax

Within Tax, BBH, advokatni kancelar, v.o.s. is a third tier firm,

BBH, advokatni kancelar, v.o.s. advises on tax matters through its affiliation with Fucík a Partneri and is well regarded for tax-efficient fund structuring.

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Czech Republic

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Legal Developments by:
BBH, advokatni kancelar, v.o.s.

New Regulatory Regime for Credit Rating Agencies in the European Union -

Comments on legal basis and main features. The recent financial crisis has shown many of the weaknesses in the current regulatory framework of the financial market - a lack of or insufficiencies in the legal rules on the one hand and a lack of or insufficiencies in the competency and expertise of financial market supervisors and regulators on the other.

- Brzobohaty Broz & Honsa, v.o.s.

Legal Developments in Czech Republic

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to

Bid Rigging Cartels in the Czech Republic

The Office for the Protection of Economic Competition (hereinafter the „Office“) issued the historically first decision concerning domestic cartel among suppliers competing for public contract (bid rigging) case. The case is interesting not only because it is the first such case in the Czech Republic, but could indicate how the Office will proceed in such cases and in the proving of such cartels.

- Pokorný, Wagner & Partner
Reduction of the Number of Tenderers in the Czech Public Procurement Procedures...

Instrument for Discrimination of Suppliers?

- Pokorný, Wagner & Partner
Judicial review of arbitration awards in the Czech Republic in light of recent legal developments

The two basic means of dispute resolution in the Czech Republic are judicial proceedings and alternative dispute resolution. Arbitration proceedings, as a form of ADR, is thriving. According to statistics of the Arbitration Court attached to the Economic Chamber of the Czech Republic and Agricultural Chamber of the Czech Republic, one of the three permanent arbitration courts in the Czech Republic and the only one with general jurisdiction, in the year 2000 the mentioned court settled 196 disputes, while in 2009 it settled 1402 disputes (not including disputes settled amicably).

- Pokorný, Wagner & Partner
Czech Republic: Limitation of Damages Explicitly Possible since 1 January 2012

After years of uncertainty, in 2011 the Czech Republic finally passed an amendment to the Commercial Code explicitly allowing for the limitation of damages in agreements under Commercial Code between entrepreneurs and companies.

- Schönherr
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.

- Alfery & Partner
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.

- Schönherr
CHANGES IN THE PROMOTION OF RENEWABLE ENERGY

legal developments in the energy practice

- Schönherr
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.

- PETERKA & PARTNERS v.o.s
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.

- PETERKA & PARTNERS v.o.s
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.

- PETERKA & PARTNERS v.o.s