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Allen & Overy

V CELNICI 4, 5TH FLOOR, 110 00 PRAGUE 1, CZECH REPUBLIC
Warsaw, Tokyo, Sydney, Singapore, Shanghai, Rome and 28 more

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

Banking, finance and capital markets

Within Banking, finance and capital markets, Allen & Overy LLP is a first tier firm,

Allen & Overy is the ‘top firm in Prague’ for banking, finance and capital markets work, and is ‘excellent on all counts’. It advises large international clients on cross-border deals, asset finance and derivatives, and has acted on the financing of several photovoltaic power plants. It advised Bank of America Merrill Lynch and Goldman Sachs on the leveraged buyout and subsequent refinancing of Ontex. The Prague office worked with colleagues internationally to advise ING, BNP Paribas, Raiffeisenbank, and Société Générale on the acquisition financing of Ceské Radiokomunikace. It also advised a syndicate of banks on complex buybacks and new issuances of multimillion-euro notes by CEZ. Team head Václav Valvoda and associate Robert Pavlu are recommended.

Corporate and M&A

Within Corporate and M&A, Allen & Overy LLP is a second tier firm,

Allen & Overy is advising Glencore Grain on its proposed deal to buy certain assets from Lisovna Usti nad Labem, Lukana Oil, and STZ Development. It also advised GTS CE on purchasing Sitel Data Centre, and direct pojištovna on an insurance affinity agreement. Jan Myška heads the practice, and regional managing partner Jane Townsend advises on financing aspects of corporate transactions.

Dispute resolution

Within Dispute resolution, Allen & Overy LLP is a second tier firm,

Allen & Overy represents banks, companies and public sector entities, and is advising Hitachi, Hitachi Europe, and Japan AE Power Systems Corporation in judicial review proceedings in the ECJ. It continues to advise the Ministry of Finance in a ring-fencing dispute with a Czech bank. Counsel Mikuláš Touška heads the Prague-based practice and is recommended. The firm recently relocated associate Matthew Hodgson, who is well regarded in the field of international arbitration, from London.

Real estate and construction

Within Real estate and construction, Allen & Overy LLP is a second tier firm,

Allen & Overy recently advised Eksportfinans ASA on financing four photovoltaic power plants for Scatec Group, and continues to advise Hill’s Pet Nutrition on the construction of its factory in South Moravia. Jane Townsend heads the practice. Magda Pokorna joined from Squire Sanders, v.o.s., advokátní kancelár.

TMT

Within TMT, Allen & Overy LLP is a second tier firm,

Allen & Overy’s Prague-based practice has been advising media, telecoms, and IT sector clients on TMT law aspects of acquisitions. It advised MIH Allegro (a member of Naspers) on its acquisition of e-business applications supplier Net Direct. Václav Valvoda heads the team.

Tax

Within Tax, Allen & Overy LLP is a second tier firm,

Allen & Overy advises foreign and domestic clients on tax aspects of M&A, financings, and real estate deals. It is advising Glencore Grain on tax structuring, transfer pricing, and VAT as part of a proposed asset purchase. It is also advising BNP Paribas Lease Group on tax aspects of a pre-sale restructuring of Fortis Lease Czech’s leasing portfolio and on related tax risk analysis. Associate Michal Dušek heads the team.

Further information on Allen & Overy LLP

Please choose from this list to view details of what we say about Allen & Overy LLP in other jurisdictions.

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Offices in London E1 and London E14

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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

  • 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
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