The Legal 500

Allen & Overy

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 provides ‘top expertise’ on a broad range of banking, finance and capital market matters. The team’s recent significant instructions include advising Komercv ni banka, HSBC and RBS as lenders on the 50% share acquisition in Europgas as well as on financing renewable energy projects and on refinancings. Asset finance work included advising on transport leasing for clients such as Czech Airlines and Angel Trains. Czech Export Bank is a longstanding client. ‘Highly efficient, reliable and well connected’ practice head Václav Valvoda has strong international experience and is recommended for derivatives-related matters, as is associate Robert Pavlu. Senior associate Robert David is ‘experienced and supportive’.

Corporate and M&A

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

Allen & Overy has a ‘very good team, with a deep knowledge of the M&A area’. Corporate head Jan Myška has ‘commercial sense’ and handles energy-related deals, while regional managing partner Jane Townsend advises on financing aspects of transactions. Energy and TMT deals have kept the practice busy and highlights included acting on Germany-based EnBW’s acquisition of Pražská energetika and on the sale of Ceské Radiokomunikace’s retail operations to T-Mobile. The group also advised J&T on acquiring Czech Republic-based Atlantik.

Dispute resolution

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

Counsel Mikuláš Touška heads the disputes team at Allen & Overy, for which regulatory investigations have become a significant focus. Recent highlights include representing Avestus Real Estate in proceedings relating to changes to Prague’s zoning plan. The practice also defended the Ministry of Finance against a commercial contract claim by a Czech bank.

Real estate and construction

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

Jane Townsend heads Allen & Overy’s Prague real estate practice, and has strong cross-border transactional experience. Meanwhile, senior associate Ivan Telecký is developing the team’s construction and projects work. The group advised the Colgate-Palmolive subsidiary, Hill’s Pet Nutrition, on construction of its €150m plant in South Moravia, and has been acting for a number of investors and banks such as CSOB and Unicredit on solar power projects. The practice also handles real estate disputes, and successfully represented Avetus Real Estate before the Supreme Administrative Court in relation to changes to the Prague zoning development plan.

TMT

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

Václav Valvoda leads Allen & Overy’s communications, media and technology practice in Prague. Recent highlights include advising Ceské Radiokomunikace on regulatory issues concerning its digital television broadcasting services and on selling its retail operation to T-Mobile Czech Republic. WPP is another significant client.

Tax

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

Associate Michal Dusek heads Allen & Overy’s tax practice, which was joined by former Ernst & Young senior manager Radek Novotny in June 2010. The practice advises on tax aspects of local and cross-border financing and corporate transactions, as well as investment structuring and restructuring. It also advised Czech and Slovak investment group J&T. Finance on tax issues regarding its acquisition of a local asset management company. Other clients include global retailers and manufacturers.


What we say worldwide

Please choose another Allen & Overy 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 Abu Dhabi and Dubai

Australia

Offices in Perth and Sydney

Belgium

Offices in Brussels and Antwerp

China

Offices in Beijing and Shanghai

Czech Republic

Offices in Prague

Germany

Offices in Frankfurt, Hamburg, Mannheim, Dusseldorf, and Munich

Algeria

Spain

Offices in Madrid

France

Offices in Paris

Ghana

Hong Kong

Offices in Hong Kong

Hungary

Offices in Budapest

Indonesia

India

Italy

Offices in Milan and Rome

Japan

Offices in Tokyo

London

Offices in London E1 and London E14

Luxembourg

Offices in Luxembourg

Morocco

Offices in Casablanca

Nigeria

Netherlands

Offices in Amsterdam

Oman

Philippines

Poland

Offices in Warsaw

Qatar

Offices in Doha

Russia

Offices in Moscow

Singapore

Offices in Singapore

South Korea

Slovakia

Offices in Bratislava

Saudi Arabia

Offices in Riyadh

Thailand

Offices in Bangkok

Tunisia

United States

Offices in New York

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.