Legal500

Weil, Gotshal & Manges

CHARLES BRIDGE CENTRE, KRIZOVNICKE NAMESTI 1, 110 00 PRAHA 1, CZECH REPUBLIC

Wilmington, Washington DC, Warsaw, Singapore, Silicon Valley, Shanghai , and 14 more

What we say about this firm…
What the firm says…

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

Banking, finance and capital markets

Within Banking, finance and capital markets, Weil, Gotshal & Manges LLP is a first tier firm,

Weil, Gotshal & Manges’ borrower-oriented practice demonstrates a ‘high level of expert knowledge, professional competence and total dedication to the interests of clients’. It recently advised longstanding client CEZ on a €270m refinancing to help it acquire a German mining company, and also advised state authorities on financing infrastructure and PPP projects. Other clients include Citigroup and Deutsche Bank. Securities expert Karel Drevinek co-heads the practice with Petr Severa, who focuses on capital markets and private equity. Severa successfully represented Evraz Vitkovice Steel in litigation.

Corporate and M&A

Within Corporate and M&A, Weil, Gotshal & Manges LLP is a first tier firm,

Weil, Gotshal & Manges’ experienced, knowledgeable and dedicated team represents many state-owned companies. Karel Muzikar is an experienced adviser on cross-border transactions, and recently advised CCMP Capital Advisors on its €250m sale of food producer Nowaco. Muzikar also acted for CEZ on a number of acquisitions of local energy providers. Karel Drevinek and Petr Severa provide general corporate and commercial advice to local companies such as Unipetrol and Vítkovice, while Martin Kramar recently acted for Viamont, a construction company, in selling a 50% stake to local competitor Strabag.

Dispute resolution

Within Dispute resolution, Weil, Gotshal & Manges LLP is a first tier firm,

Clients praise Weil, Gotshal & Manges’ dedication and meticulous service. It has strong expertise in international arbitration, and represents private companies and the state in complex, high-value disputes. Practice head Karolína Horáková represented the Ministry of Finance in a €1.3bn ICC arbitration against a local bank and also undertakes commercial litigation, including defending Telefónica against claims made by minority shareholders regarding share prices. Karel Muzikar, Petr Severa and Martin Kramar are recommended for ‘perfectly analysing a problem and solving it in accordance with the client’s business needs’. Muzikar and Kramar led on defending Odra River Basin Directorate against a €590m flood damages claim brought by a private company.

Real estate and construction

Within Real estate and construction, Weil, Gotshal & Manges LLP is a third tier firm,

Weil, Gotshal & Manges’ real estate team in Prague is led by Karel Muzikar and Petr Severa. The practice’s focus on the public sector has kept the practice busy with work for the government on PPP and major infrastructure projects. It also acted for CEZ on construction issues relating to power plant projects. Martin Kramar advises on public and private sector matters, and ‘provides valuable insight, service, and support’.

TMT

Within TMT, Weil, Gotshal & Manges LLP is a second tier firm,

Weil, Gotshal & Manges’s managing partner Karel Muzikar leads the TMT practice, with Martin Kramar also advising on regulatory litigation. The practice represents state and municipal authorities as well as corporate clients, and recently advised the City of Prague on competition aspects of an electronic payment card system. The team also represented Telefónica O2 in litigation against several local competitors concerning regulatory issues.

What we say worldwide

Please choose another Weil, Gotshal & Manges LLP office to view full details of what we say in that region, or choose from this list to view a specific editorial reference in context.

United Arab Emirates

Offices in Dubai

Corporate and M&A : Corporate and M&A

China

Offices in Shanghai

Czech Republic

Offices in Prague

Germany

Offices in Munich and Frankfurt

France

Offices in Paris

Hong Kong

Offices in Hong Kong

Hungary

Offices in Budapest

London

Offices in London

Poland

Offices in Warsaw

United States

Offices in Miami, Washington DC, Silicon Valley, Houston, Dallas, New York, Boston, Wilmington, and Providence

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Legal Developments in Czech Republic

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

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
Act on Significant Market Strength and Its Abuse – a Controversial Law Regulating Relations betwee

- PETERKA & PARTNERS v.o.s
Comparing the Czech and Slovak regulation of the time limit for tax assessment: the Czech 3+0 rule

- PETERKA & PARTNERS v.o.s
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.

- ROWAN LEGAL Law Firm