The Legal 500

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

Czech National Bank Appoints BBH as Sole Capital Markets Advisor

January 2008. Press Releases by Brzobohaty Broz & Honsa, v.o.s. (view listing).

PRAGUE, January 16, 2008 - BBH has been selected by the Czech National Bank (CNB) as its main legal advisor for the highly important Capital Markets legislation and supervision areas.

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BBH Advised on Largest Share Buy-back

January 2008. Press Releases by Brzobohaty Broz & Honsa, v.o.s. (view listing).

Brzobohatý, Brož & Honsa, v.o.s. advised ČEZ, a.s., the largest electricity producer in the Czech Republic, the shares of which are admitted to trading on the regulated markets in the Czech republic and Poland, in relation to the share buy-back of ČEZ shares up to the estimated volume of CZK 60 billion (approx. EUR 2 billion).

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BBH - First Structured and Rated Securitization in CEE

January 2008. Press Releases by Brzobohaty Broz & Honsa, v.o.s. (view listing).

Tomáš Otruba, Petr Mlejnek and Tomáš Sedláček in 2003 acted as advisor on the structuring of securitization transaction methods and the preparation of the relevant documentation. It was the first ever rated and completed securitization not only in the Czech Republic, but in the whole of Central and Eastern Europe.

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BBH Advises on Largest Ever Czech Foreign Investment

January 2008. Press Releases by Brzobohaty Broz & Honsa, v.o.s. (view listing).

Brzobohatý Brož & Honsa ("BBH") acted as legal counsel to ČEZ, a.s., the largest electricity producer in the Czech Republic and one of ten of the largest energy companies in Europe, in relation to its investment into the energy sector of the Republika Srpska. The investment itself encompasses especially:

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BBH Named for Real Estate Deal of the Year

January 2008. Press Releases by Brzobohaty Broz & Honsa, v.o.s. (view listing).

The lawyers of Brzobohatý Brož & Honsa (BBH) are pleased to announce the signing on July 9th, 2007 of what has been referred to a number of times in the Czech media as, "The Real Estate Deal of the Year". This transaction involving the sale of 29 buildings and related land plots throughout the Czech Republic, including a number of lease-back deals, is valued at approximately 6.1 billion CZK. BBH represented Česká pojišťovna, a.s. as the seller and lessee who was selling these properties to Office Star group (PPF Investments) as the purchaser and lesser and who is working with Česká spořitelna as the financing bank, providing PPFI with a loan facility for financing a part of the purchase price.

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Brzobohaty Broz & Honsa Branch Opened in Bratislava

March 2007. Press Releases by Brzobohaty Broz & Honsa, v.o.s. (view listing).

 

Brzobohaty Broz & Honsa is pleased to announce the opening of BBH Slovensko s.r.o., located on Gorkeho 3 in the most central district of Bratislava. Brzobohaty Broz & Honsa ("BBH") emanated from and acquired a well known international law firm established in Prague in then Czechoslovakia in 1990, and has had Slovak and Eastern European investment support opportunities increasingly presenting themselves from their widening client base.  Similarly, Beláňová & Bak ("BB") emanated from and continued in the practice of leading domestic law firm Zelenay & Co, also established in 1990. Lawyers of BBH and BB have cooperated closely on a number of projects in Slovakia since 2002, including the due diligence of a national bank, insurance and industrial companies and on bank financing projects in Slovakia.  In due course, the business evolution and clientele of the two firms necessitated this merger as the next logical progression. 

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First Czech Law Firm Branch Opened in Moscow

February 2007. Press Releases by Brzobohaty Broz & Honsa, v.o.s. (view listing).

 

Brzobohaty Broz & Honsa is pleased to introduce the first Czech law firm branch office in Russia with the opening of BBH Legal LLC, located on Bolshoy Gnezdnikovsky per 1 in the most central district of Moscow. Formally established in April 2006, the firm was inaugurated with a cocktail reception on June 15, 2006 at the Embassy of the Czech Republic in Moscow, the Russian Federation in the presence of the Ambassador, Mr. Miroslav Kostelka, and attended by many distinguished Czech, Russian and other business persons conducting local and international enterprises.

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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.
  • Reduction of the Number of Tenderers in the Czech Public Procurement Procedures...

    Instrument for Discrimination of Suppliers?
  • 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).
  • 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.
  • 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.