Banking, finance and capital markets in Czech Republic

Allen & Overy

Allen & Overy's market-leading banking practice is noted for its skill in handling high-value finance transactions, including matters involving complex syndicated loans. The group's recent representative matters included an assortment of domestic and CEE-wide transactions for leading banks. On the international capital markets side, the group has a strong profile in the debt and equity capital markets arenas; Petr Vybiral is the key contact in this space. Elsewhere, experienced senior associate Petra Mysakova specializes in asset-based and structured finance deals. Counsel Silvie Horackova is another key figure in the team, as are associates Lukáš Vondřich and Martina KristianováJana Chwaszcz is knowledgeable about blockchain-related regulatory issues. The team has expanded its offering with the hire of restructuring and insolvency expert Petr Sprinz from HAVEL & PARTNERS s.r.o., attorneys at law.

Practice head(s):

Petr Vybíral; Silvie Horáčková; Petra Myšáková

Other key lawyers:

Lukáš Vondřich; Martina Kristianová; Jana Chwaszcz

Testimonials

‘Competitive advantage includes innovative legal thinking, offering IT solutions, general interest in in-house function. ’

‘Systematic approach, engagement, precision, cross-border coverage.’

‘Technical knowledge and flexibility’

‘Petra Mysakova: personal approach and great knowledge’

‘Excellent knowledge of local and international financial markets’

‘The team is very well organized. Sustainability works without any limitations so there is always someone deeply involved and able to help. It is clear that there is great know-how in terms of organizing the work, prompt reactions,’

‘Trend-setting law firm with strong international presence.’

‘Allen & Overy always assembles a very knowledgeable team capturing a wide range of seniority levels which offers in-depth industry and market knowledge, innovation in offered solutions and usage of technology.’

Key clients

Česká spořitelna

Československá obchodní banka

Macquarie Aircraft Leasing Services (Ireland) Limited

LABE WOOD

Wüstenrot hypoteční banka

Czech Gas Networks Investments

UniCredit Bank Czech Republic and Slovakia

MUFG Securities EMEA

PPF banka

Komerční banka (Société Générale)

Work highlights

  • Acting for the arrangers; BNP Paribas, Crédit Agricole CIB, Credit Suisse, HSBC, Société Générale, Komerční banka on the €1.15bn financing of the CME acquisition by PPF Group N.V. CME has TV operations in Bulgaria, the Czech Republic, Romania, Slovakia and Slovenia.
  • Advising Česká spořitelna, UniCredit Bank Czech Republic and Slovakia, Komerční banka on an unprecedented liability management transaction by CZECHOSLOVAK GROUP a.s., involving an exchange offer, issuance of new bonds and partial cash settlement. This is a first-of-its-kind transaction on the Czech market involving an exchange offer in respect of wholesale domestic bonds for retail domestic bonds, both admitted to trading on the regulated market of the Prague Stock Exchange.
  • Advising Česká spořitelna and Československá obchodní banka on a financing provided to BIKE FUN International using the €STR for the first time in the Czech Republic.

Baker & McKenzie s.r.o., advokátní kancelář

Baker & McKenzie s.r.o., advokátní kancelář acts for international and domestic banks on large acquisition finance, project finance and real estate finance transactions. Led by Libor Basl, the team works on finance and capital markets transactions with the firm's other offices in the CEE region, including those in Amsterdam, Brussels and Germany. Marek Disman is the key name for real estate financing transactions and he also advises on securities offerings, as well as litigation. Senior associate Lukáš Hron is another key figure in the team, as is associate Petr Vojtěch.

Practice head(s):

Libor Basl

Other key lawyers:

Marek Disman; Lukáš Hron; Petr Vojtěch

Testimonials

‘Flexible team, unique performance, flexible solutions’

‘B&M belongs to the top players on the local market in respect of banking and finance legal services. They are known for their hard work, professionalism, experience, but also for swift reaction time. No email is lost or unanswered. There are many cheaper legal firms but the difference in the output is remarkable and so, despite the pricing, if the client has previous experience with them then they usually remain to be their first choice ’

‘Flexible with good understanding of the commercial side of the transaction.’

‘Using them because of their knowledge of capital markets and practical experience with capital markets in the Czech Republic.’

‘Libor Basl, experienced and calm lawyer.’

Key clients

Adient Germany

Aetos a.s. / Kofola Československo

Aures Holdings – AAA Auto Group

Československá obchodní banka, a. s. (ČSOB) / KBC Bank NV

Commerzbank AG

Crestyl Group

Energetický a průmyslový holding (EPH)

Erste Group Bank AG

Fortuna Entertainment Group

Komerční banka, a.s.

Moulins de Kleinbettingen S.A.

NH Hotel Group, S.A.

Pegas Nonwovens

PKN Orlen

Raiffeisenbank a.s.

UniCredit Bank Czech Republic

Worldline SA/NV

Work highlights

  • Advising club of banks on €155m refinancing of the existing portfolio of 16 logistic parks located in the Czech Republic and Slovakia owned by TPG and Contera.
  • Advised Československá obchodní banka on €130m operation financing and refinancing of certain acquisition debts of Prima TV and its sister company Media Club.
  • Advising a club of banks on €100m multicurrency revolving credit facility documenting complex corporate financing comprising various financial products for eD System, a wholesale and retail distributor of computer hardware and other electronics.

Clifford Chance

Clifford Chance remains a market leader in major banking and finance transactions, and it is particularly active in work for debt providers and sponsors. Miloš Felgr leads the team, which has expertise in finance transactions connected with sectors such as real estate, infrastructure and energy. It is also increasingly active in matters connected with the IT and TMT industries. Elsewhere, senior associate Vladimír Rýlich undertakes a mix of debt and equity capital markets work, and he also handles financial regulatory issues for clients. Marian Husár joined J&T Finance Group.

Practice head(s):

Miloš Felgr

Other key lawyers:

Vladimír Rýlich

Testimonials

‘Top in CZ, best team in the market. Comparable to most mature markets. Can be used as international counsel.’

‘Diverse team, individuals with dual qualification (Czech, England/Wales)’

‘Milos Felgr, Marian Husar – great negotiation skills, reasonable pricing’

‘Team strengths include a high degree of dedication to the project, time effectiveness, flexibility and far-reaching knowledge base. Key capabilities have been reflected in a deep technical analysis of the legal issues and accommodation of the results to the practical background of the case. ’

‘What makes individuals stand-out from competitors is definitely their friendly attitude towards us – clients, responsiveness, immense dedication to serve our needs and ability to hold the intricacies of the case under control with a decency of personal behaviour not showing any signs of external pressure or pushbacks.’

Key clients

AXA No

Fortbet Holding Limited

Penta Investments Limited

Fortuna Entertainment Group

Citigroup Global Markets Limited

Sazka Group

Všeobecná úverová banka, a.s.

Goldman Sachs International

Bank of Communications

J & T BANKA, a.s.

GE Capital Funding Services Limited

FIA Europe

S&P Global Inc

Citibank Europe plc

CPI Property Group

AXA

UniCredit Bank Czech Republic and Slovakia, a.s.

CTP Invest, spol. s.r.o

Československá obchodní banka, a. s.

PPF Banka, a.s.

Česká spořitelna, a.s.

Komerční banka, a.s.

R2G Heritage a.s.

Crestyl

Raiffeisenbank a.s.

HSBC Bank plc

Erste Group Bank AG

UniCredit Bank AG

Citibank

Sberbank CZ

KKCG

HB Reavis Holding S.A.

Energetický a průmyslový holding, a. s.

ENERGO-PRO

HB Reavis Group CZ, s.r.o.

Active Development Investments Group (ADI)

Sev.en Energy

J&T Investment Advisors, s.r.o.

Work highlights

  • Advising Citigroup Global Markets Limited, J.P. Morgan Securities plc, Société Générale, UniCredit Bank AG and the other Joint Bookrunners in connection with the EUR 600,000,000 notes issued by EP Infrastructure, a.s. due 2028.
  • Advising CTP, the biggest industrial developer in the CEE owning assets in the Czech Republic, Slovakia, Hungary, Slovenia, Serbia, Bulgaria, Romania and Ukraine on €2bn financing of its Czech industrial portfolio arranged and underwritten by a consortium of six leading banks.
  • Advising companies from České Radiokomunikace group on amendment and extension of their up to CZK 4,049,000,000 facilities agreement, originally concluded in 2016 with a 4-years tenor.

Dentons

At Dentons, the banking and finance practice handles the full gamut of financing matters across the CEE region and further afield internationally. Jiří Tomola has over two decades of experience in domestic and international financing transactions. The team is skilled in handling complex capital markets mandates, structured finance transactions and other advisory work for corporate clients. John Stansfield has notable expertise in leveraged finance, real estate finance and restructurings. The group continues to act for a wide roster of financial institutions and investment groups, including BNP Paribas. Tomola co-heads the practice with Daniel Hurych, who is experienced in bond issuances and IPOs. Martin Manduľák is a name to note at associate level. Tomáš Osička departed from the firm to join Linkers, advokátní kancelář, s.r.o..

Practice head(s):

Jiří Tomola; Daniel Hurych

Other key lawyers:

John Stansfield; Martin Manduľák

Testimonials

‘Daniel Hurych is extremely valued for both his vast experience and commercial insight into what the parties expect to achieve.’

‘Compared to other local companies, Dentons provide top class services for a reasonable price. We rely on their apt support and dedicated professionalism. I like their huge knowledge, great understanding of our transactional needs as well as their utmost respect both for clients and counterparties.’

‘Well established, strong competence in the field of restructuring and structured finance, on-time delivery’

‘Jiri Tomola, Partner – in-depth knowledge of the industry and up to date topics, strong negotiation skills, willingness to go the extra mile if needed, ability to find creative solutions’

Key clients

ENERGO-PRO

Natland Investment Group

CPI Property Group

Komerční banka (Société Générale)

Česká spořitelna (ERSTE)

Raiffeisenbank

Československá obchodní banka (KBC)

UniCredit Bank Czech Republic and Slovakia

J&T Banka

Mezzanine Capital

EPH

APS Holding

BNP Paribas

Barclays

Citi

Deutsche Bank

HSBC

Work highlights

  • Advised ENERGO-PRO on €175m in financing for the development, construction, and operation of the Alpaslan II dam and hydropower plant in Turkey.
  • Advised a consortium of banks including Komerční banka, Raiffeisenbank, Česká spořitelna, Československá obchodní banka on substantial amendments to the documentation, including accession of new lenders (Česká spořitelna and Československá obchodní banka) to the existing financing of the Varroc Group.
  • Advised CPI on a successful tender offer of outstanding bonds and the issue of €750m 2.75% Notes due 2026 under CPI’s €8bn Euro Medium Term Note Programme, and advised on the issue of Regulation S €750m 1.625% green bonds due 2027.

PRK Partners

The excellent banking practice at PRK Partners has expertise in the full range of matters with a strong reputation in high-value finance mandates in the real estate and energy sectors. Martin Aschenbrenner represents a number of large financial institutions on domestic and international deals. He co-heads the practice with Václav Bílý and project finance expert Jan Kohout , who also leads the firm's Russian desk.  Jan Ditrych handles bond issues and complex regulatory work. The group also comprises Martin Kriz who is also admitted to practice in Slovakia, making him a key contact for cross-border transactions, as is associate Tomáš Bureš.

Practice head(s):

Martin Aschenbrenner; Václav Bílý; Jan Kohout

Other key lawyers:

 Jan Ditrych; Martin Kriz; Tomáš Bureš

Key clients

BlackRock

Česká spořitelna, a.s.

Československá obchodní banka, a.s.

Deutsche Bank AG (London)

J.P.Morgan Securities Plc

J & T BANKA, a.s.

J & T IB Capital markets, a.s.

Komerční banka, a.s.

Lydia Holdings

Sberbank CZ, a.s.

Sogecap (Société Générale Group)

Raiffeisenbank a.s.

UniCredit Bank Czech Republic and Slovakia, a.s.

Work highlights

  • Legal advice to Raiffeisenbank, a.s. in connection with refinancing and investment financing of the company Galerie Šantovka a.s. worth €120m.
  • Advising UniCredit Bank Czech Republic and Slovakia, a.s. / Česká spořitelna, a.s.  in connection with an increase in loan financing of CZK 1.6bn for the Tekro agricultural group for the acquisition of four agribusinesses, one of them in Slovakia.
  • Advising Komerční banka, a.s. as lead manager of the mortgage bond issue under the existing Debt Issuance Programme of Equa bank (CZK 2 billion).

White & Case, s.r.o., advokátní kancelář

White & Case, s.r.o., advokátní kancelář's well-regarded banking practice operates like a 'well-oiled machine' and is considered the 'go-to firm' in the local market. The excellent team handles all aspects of high-end financing transactions and complex banking mandates for a wide roster of clients, which include key names such as Société Générale. Under the leadership of Jan Linda and David Plch, the group has the capacity to handle multijurisdictional matters, leveraging its international offering across EMEA. English law matters are dealt with by restructuring expert Jonathan Weinberg, as well as dual-qualified practitioner Tomáš Jíně, who also has expertise in insolvency matters. The capital markets practice is co-led by dual New York and Czech-qualified practitioners Petr Hudec and Eva Svobodová, who represent underwriters and issuers on a wide range of domestic and international transactions. The team has been strengthened with the arrival of restructuring partner Martin Froněk who joined from Dentons.

Practice head(s):

Jan Linda; David Plch; Jonathan Weinberg; Petr Hudec; Eva Svobodová

Other key lawyers:

Tomáš Jíně

Testimonials

‘Extraordinary knowledgeable and experienced team, working like a well-oiled machine. Knowing exceptionally well the client and his needs and always searching for practical approach and solutions.’

Jan Linda, Jon Weinberg and Radek Kraus are a calm, pragmatic and down to earth team that delivers exceptional work and making it looking easy at the same time.’

Key clients

VTB Group

European Bank for Reconstruction and Development

Czech Export Bank a.s

Commerzbank

Ceska sporitelna (Erste Group)

Ceskoslovenska obchodni banka (KBC Group)

Komercni banka (Société Générale)

W.A.G. payment solutions, a.s.

UniCredit Bank

PPF Group

eustream, a.s.

EP Infrastructure (EPH Group)

NET4GAS

ČEZ, a.s.

J&T Banka

České dráhy (Czech Railways)

Správa železniční dopravní cesty (state company)

ČD Cargo

Work highlights

  • Acting for PPF Group N.V. on both the financing and M&A aspects of its acquisition of Central European Media Enterprises Ltd., which is the most prominent acquisition and acquisition financing transaction in CEE in 2019, involving multiple jurisdictions, a complex financing structure and significant time pressure.
  • Advised Erste Group Bank AG, Česká spořitelna, a.s., UniCredit S.p.A., UniCredit Bank Czech Republic and Slovakia, a.s., Société Générale S.A. and Komerční banka, a.s. as mandated lead arrangers on syndicated financing provided to CTP Group.

BBH, advokátní kancelár, s.r.o.

BBH, advokátní kancelár, s.r.o. is strong in the financial regulatory space, and is sought after for its handling of domestic and foreign bond issuance matters. Led by Tomáš Sedláček, the banking practice acts for borrowers on high-value financing transactions and also has experience in securitisation transactions. The team is renowned for its expertise in derivatives and fintech-related matters. Petr Precechtel advises leading multinational corporation across the telecommunications space on corporate law, and financing matters. Zdenek Hustak is also a name to note.

Practice head(s):

Tomáš Sedláček

Key clients

PPF Group (including PPF banka and Home Credit)

Sberbank CZ

Raiffeisenbank a.s.

Česká Národní Banka (Czech National Bank)

Česká pojišťovna a.s.

Equa bank a.s.

Air bank a.s.

Česká telekomunikační infrastruktura a.s. / CETIN Finance B.V.

Rockaway Capital

J&T banka a.s.

Česká Exportní Banka (Czech Export Bank)

EP Energy a.s./CE Energy a.s.

Work highlights

  • Acted as structuring and legal advisor to Home Credit group in setting up and later restructuring a securitisation transaction to allow the transfer of risk related to receivables originated by Home Credit.
  • Acted as structuring and legal adviser to the Telenor group in setting up and later restructuring a synthetic securitisation transaction to allow the transfer of risk related to receivables originated by Telenor entities.
  • Acted as Czech legal advisor to the client, Greensill Capital (UK) Limited, and the lead counsel in London, Simmons & Simmons LLP, in connection with the matters concerning the financing structure of the deal.

CMS

CMS distinguishes itself in the real estate finance space and it undertakes a significant amount of work for international clients. Pavla Křečková heads up the banking practice, which handles high-value transactions for both banks and sponsors. The group has a notable English law capability, with many of its partners being dual qualified. On the international banking side, Paul Stallebrass is the key contact for complex advisory work in the Scandinavian region pertaining to leveraged financing transactions and buyouts. Clients include leading domestic financial institutions and private equity groups.

Practice head(s):

Pavla Křečková

Other key lawyers:

Paul Stallebrass

Key clients

Advent International

Bluehouse

Enery

CSOB

Ceska sporitelna

UniCredit

Gramercy Europe

Balbec capital

Sev.en Energy Group

Verdion

Komerční banka, Česká spořitelna, Slovenská sporiteľňa and Citi

Work highlights

  • Advised Advent International and its portfolio company, Zentiva, on Czech and Slovak aspects of its financing for the acquisition of the CEE business of global generic and over-the-counter (OTC) pharmaceuticals manufacturer Alvogen.
  • Advised Bluehouse, a leading real estate private equity investment firm on the acquisition financing for the purchase of the modern retail shopping complex and hypermarket, OC Karviná. OC Karviná is one of the largest shopping centres in Czech Republic’s third city Ostrava.
  • Advised Enery Development, a newly formed Austrian investment fund, on the acquisition and financing of a solar power portfolio across the Czech Republic and Slovakia from Green Horizon Renewables.

Glatzová & Co., s.r.o.

Glatzová & Co., s.r.o.'s banking team, which is led by Libor Němec, handles a number of contentious matters, including administrative proceedings before the Czech National Bank. Also notable is that the team handles large financing transactions, is active in the bond issuance space and advises on regulatory work. Restructuring work is led by co-head Martin Dančišin. The firm is prominent in cross-border work, with it being active in banking transactions spanning the entire CEE region. Senior associate Filip Murár is another core member of the team.

Practice head(s):

Libor Němec; Martin Dančišin

Other key lawyers:

Filip Murár

Key clients

International Automotive Component Group, S.A.

Deutsche Bank Luxembourg S.A., IKB Deutsche Industriebank AG

EC Financial Services, a.s.

Natland

MAXI-TIP FINANCE (SPV of MAXI-TIP group)

Messer Group

SMART CAPITAL Group

ČSOB

DRFG

Jan Hotels Group

Natland Bonds s.r.o. (SPV member of the Natland Group)

CAIAC Fund Management AG

DRFG

Finalbr/Travelex Group/Dr. Shetty Group

DRFG Financial Management a.s.

Blossom Capital

UniCredit Bank AG Edelweiss Receivables Finance DAC

Fränkische Group

Travelex Group

Work highlights

  • Advised Fränkische Group as a borrower on entering into Facility Agreement with UniCredit Bank AG as facility agent of the lenders.
  • Advised Travelex Group on entering into £50m English law Senior Facilities Agreement provided by Bank Of America Merrill Lynch International Designated Activity Company, Barclays Bank Plc, Deutsche Bank Ag, London Branch, Goldman Sachs International And J.P. Morgan Securities Plc and related issuance of £ 99 million secured notes to be listed on Euronext Dublin’s Global Exchange Market.
  • Advised Czech subsidiary of International Automotive Component Group, S.A. in connection with note purchase agreement and establishing pledge over ownership interest in the companies incorporated in the Czech Republic and Slovakia as well as intercreditor agreement changing the priority of existing security.

HAVEL & PARTNERS s.r.o., attorneys at law

HAVEL & PARTNERS s.r.o., attorneys at law's banking practice comprises of 'top experts in the field', according to clients. Strong in the financing space, the team is equally capable acting for borrowers and lenders. Capital markets expert Jan Topinka co-heads the group with Filip Čabart, who leads the firm's debt financing desk. The duo handle complex restructuring mandates and advise international institutions on banking matters. Senior associate Štěpán Černý acts for domestic banks on restructuring mandates. The team is also a panel adviser to some of the leading Czech banks, as well as being the preferred local counsel for international firms.

Practice head(s):

Filip Čabart; Jan Topinka; Dušan Sedláček

Testimonials

‘Havel is by far the most professional law firm to work with in the Czech Republic. It is my first choice when I need a competent law firm in this region.’

‘Throughout my interactions with Havel & Partners I have found their legal and commercial expertise to be of a very high level. Although their focus is the Czech and Slovak market, it is clear that they have an excellent understanding of legal systems around the world and have strong expertise to be able to assist in cross-border deals apart from local deals.’

‘I have had the pleasure to interact with: Filip Cabart – Partner. Outstanding knowledge in his sector, extremely responsive and a pleasure to work with.’

‘We have been working with Havel Partners, in particular Jan Topinka, on CRR and export credit-related matters. Jan is a very pragmatic and knowledgeable partner, who delivers high-quality work on the spot.’

‘They work on the highest level to be expected from a magic circle global firm and are friendly, pragmatic, and very available. ’

‘From banking and finance I have to stand out Filip Cabart and Jan Topinka. Both of them are not just the partners in the firm but they are top experts in their field. They are always ready to help with the legal matter.’

Key clients

J&T Banka

Česká Spořitelna (member of Erste Group)

Komerční banka (Societe General Group)

Československá obchodní banka (KBC Group)

Raiffeisenbank

Czech Development Bank

DURA Automotive

ORIENS

Metalimex

UniCredit Bank

Work highlights

  • Advised Czech Guarantee and Development Bank on CZK 150 billion COVID guarantee relief programme – the largest government incentive program in the history of the Czech Republic
  • Advised Komerční banka on the financing of Metrostav Development – one of the leading commercial and residential developers in the Czech Republic – development project “Na Vackove”
  • Advised Bank of America on local aspects of the restructuring and security structure of the financing of Inner Workings / EyeLevel global facility.

Kinstellar

Kinstellar's 'excellent' banking team acts for a number of leading domestic banks, including UniCredit, and it is a strong performer in high-value international financing transactions. Its areas of expertise include real estate finance, acquisition finance and syndicated lending transactions, as well as project finance. Martina Březinová jointly leads the group with Květoslav Krejčí, who provides English law advice on cross-border deals. Associates Leo Javorek and Václav Kment provide support on complex banking mandates and capital markets transactions. The team also has experience in the fintech space, with advisory work on cryptocurrencies and blockchain.

Practice head(s):

Martina Březinová; Květoslav T. Krejčí

Key clients

Landesbank Hessen – Thüringen (HELABA)

ČSOB (KBC Group)

Barclays Bank PLC

Česká spořitelna, a.s. (Erste Group)

Citigroup

JP Morgan Limited

BNP Paribas

ING Bank N.V. (London Branch)

Goldman Sachs

KOMERČNÍ BANKA, a.s. (Société Générale group)

Work highlights

  • Advised Československá obchodní banka, a.s. on drafting the template customer agreement for we.trade, a blockchain-based trade finance platform used by clients.
  • Advising GLP on an acquisition financing for Goodman Group’s Central and Eastern Europe logistics portfolio

BADOKH

At Prague-based firm BADOKH, the banking team handles all forms of domestic and foreign financing transactions, with a focus on real estate finance. It also has experience in capital markets transactions, including bond issuances. Jakub Dostál jointly leads the group with Ivo Bárta and Michael Mullen. Petr Kuhn is also a key contact.

Practice head(s):

Jakub Dostal; Ivo Barta; Petr Kuhn; Michael Mullen

CERHA HEMPEL Kališ & Partners

CERHA HEMPEL Kališ & Partners is notably strong in finance matters connected with insolvencies and distressed transactions, and it advises many domestic banks, including the Czech Export Bank. Led by Martin Kartner, the practice also acts for international financial institutions and is highly capable in cross-border mandates. Real estate finance is another key area of strength. In addition to Kartner, another name to note is recently promoted partner Lukáš Srbecký, who has expertise in real estate finance, export finance and investment funds (mainly in relation to real estate investment).

Practice head(s):

Martin Kartner

Other key lawyers:

Lukáš Srbecký; Barbora Kábrtová

Testimonials

‘Ability to provide quick and understandable advice, focus on economic consequences, negotiation skills.’

Key clients

SES Spar European Shopping Centers GmbH

VÍTKOVICE HEAVY MACHINERY a.s.

Elysian Capital LLP

BRP Bizzozero & Partners SA

XXX Lutz KG

VEBA, textilní závody a.s.

FCC Česká republika, s.r.o.

MEDIN, a.s.

Gain Capital – Forex.Com UK Limited

Interactive Brokers LLC

CTP Invest, spol. s r.o.

Česká exportní banka, a.s. (a.k.a., Czech Export Bank or CEB)

SAFINA, a.s.

Mirova Eurofideme IV / BPCE Group

CARCLO PLC

ERSTE GROUP BANK AG

GAZPROMBANK

J&T Bank

Work highlights

  • Assisted Elysian Capital LLP with obtaining acquisition finance from a significant bank.
  • Assisted XXX Lutz KG with the acquisition of a new target company operating in the area of real estate directly from Erste Group Immorent International Holding GmbH.
  • Assisting Česká exportní banka, a.s. with providing export financing designated to support a Ukrainian party in its procurement from a Czech domestic producer.

DUNOVSKÁ & PARTNERS

The 'excellent' banking practice at DUNOVSKÁ & PARTNERS has a strong track record of providing 'reliable, efficient, and spot-on advice'. Led by David Urbanec, the team excels in handling complex financial restructuring work,  insolvency matters and finance transactions. Managing partner Barbora Simon Dunovská has a wealth of experience in the banking sector and is recommended for high-value transactions and regulatory work. She counts Československá obchodní banka, a.s. as one of her longstanding clients. Elsewhere, Jan Vavřina is noted for his insolvency expertise.

Practice head(s):

David Urbanec

Other key lawyers:

Barbora Simon Dunovská; Jan Vavřina

Testimonials

‘I very much appreciate the dedication of the whole team whom we deal with. Their flexibility, pro-client approach and hard work are exceptional. At the same time, the ability to substitute each other to deliver always on time is outstanding.’

‘Very professional and reliable team – always ready to help with flexible solutions. Always ready to help.’

‘Reliable partners with good know-how, good output and delivery in good time for a reasonable price.’

‘Barbora Dunovska – very experienced person in the industry with long track record.’

‘I especially appreciate Barbara Dunovska. The team is stable, very empathic, easily understanding the client’

‘Smaller sized firm with very good knowledge of not just legal aspects of banking but also functioning of the bank as an institution, which helps save costs and resources. ’

‘David Urbanec is an experienced professional, able to advise on most aspects of the banking law, ranging from credit transaction to insolvency-related issues.’

‘David Urbanec – highly skilled and experienced banking/FSI lawyer with a long track record and high reputation, quickly goes to the point and provides the requested service taking into account all relevant facts in all their complexity.’

Key clients

Československá obchodní banka, a.s.

HSBC France – Prague branch

Česká spořitelna, a.s.

ČSOB Factoring, a.s.

Raiffeisenbank a.s.

Sberbank CZ, a.s.

Wüstenrot – stavební spořitelna a.s.

Wüstenrot hypoteční banka a.s.

Expobank CZ a.s.

PENTA INVESTMENTS LIMITED, organizational unit

Odyssey 44, a.s.

Euler Hermes SA, organizational unit

Polymedica CZ s.r.o.

Komerční banka, a.s.

Work highlights

  • Advice to insurance company Euler Hermes SA on all legal matters, including representation in courts.
  • Advising Sberbank CZ, a.s. on the bond issue of £517m to be offered as publicly-traded security on the Prague Stock Exchange.
  • Legal services to Československá obchodní banka, a.s. (ČSOB) in the sector of non-performing SME (small and medium) loans. In February 2020, the firm took over representation of the bank in about 22 cases of non-performing SME loans in different stages of enforcement in the amount of over CZK 300 million (GBP 10 million).

Kocián Šolc Balaštík

Kocián Šolc Balaštík is strong in domestic and cross-border banking and capital markets transactions, as well as regulatory work. The team handles financial regulatory issues for clients operating in the banking sector, including those providing technology-based services. Martin Krejčí jointly leads the team with Petr Kasík (who handles capital markets transactions) and Vlastimil Pihera. Other core areas of strength include bond issuances and licensing work.

Practice head(s):

Martin Krejčí; Petr Kasík; Vlastimil Pihera

Testimonials

‘Very flexible and quick responding. Great business thinking’

‘Passionate, clear willingness to help and understand the business’

‘Dr. Pihera is excellent in the theoretical aspect but also exceptional with his professional connections within the industry and interpersonal skills.’

Key clients

J&T Banka

J&T Mezzanine

J&T Loan Fund

Česká spořitelna

Immorent (Erste group)

Raiffeisenbank

Banka Creditas

ING Bank Śląski (ING group)

mBank

Zaplo Finance

The Governor and Company of the Bank of Ireland

Gorenjska banka d.d., Kranj

Boels Topholding B.V.

Mattoni 1893 (formerly Karlovarské minerální vody)

Lidl Czech Republic (Czech subsidiary of the German global discount supermarket chain)

Arete Invest SICAV

ARETE INDUSTRIAL SICAV

Novatec lnvestment Diseňo e lndustralización, S.L.

Credendo Short Terms EU Risks Credit Insurance Company

Global Payments Europe

O2 Czech Republic

The Czech National Bank

Czech Capital Market Association

Czech Association of Financial Intermediaries

J&T IB and Capital Markets

RN Solutions

Twisto payments

M&M Reality

Benxy s.r.o. (formerly Zonky)

Walteran Company

Rockaway Capital

Fundlift

Sandberg Capital

Nation1 GP

GECO

Work highlights

  • Advised Boels on the Czech aspects of the €1.25bn acquisition financing of Cramo.
  • Advised Mattoni 1893 (joint venture of Mattoni 1893 and PepsiCo) on the financing of Knjaz Miloš acquisition.
  • Advised O2 Czech Republic on a new CZK 9.24 billion syndicated financing. The financial proceeds will be used as a prepayment of the existing loan and general corporate purposes.

Schoenherr Czech Republic

Schoenherr Czech Republic's banking team is highlighted for delivering 'practical solutions within a short turnaround time' and it demonstrates strong capabilities in handling high-value cross-border financing matters for international clients. Names to note at the firm include Ondřej Havlíček and Matěj Šarapatka, both of whom joined from Weinhold Legal. Havlíček co-heads the team with Vladimír Čížek, who has expertise in financial services regulations and payment services. Natálie Rosová assists clients with finance transactions and licensing proceedings. Elsewhere, the group is sought after to advise on bond issuances and regulatory investigations. The practice handles cross-border matters with other offices across the CEE region, including those in Austria, Slovakia and Belgium.

Practice head(s):

Ondřej Havlíček; Vladimír Čížek

Testimonials

‘You simply have the impression Ondrej Havlicek is always there for you and for your project.’

‘Efficient and responsive. Vladimir Cizek is experienced and easy to deal with’

‘Ondrej Havlicek: nice, competent, easy to work with’

‘Perfect personal approach, highly flexible and cooperative, always ready to help the client with immediate decision-making ’

‘Mr. Ondrej Havlicek is a hard-working and very dedicated individual, experienced enough to come up with creative solutions/smart ideas how to add value into specific transaction’

‘The Schoenherr team in Prague provides practical solutions within a short turnaround time. They are always approachable.’

‘Vladimir Cizek (Prague) – my key point of contact – is always there when I need him and is a very good leader of his team, always on top of all aspects of the transaction.’

Key clients

Kommunalkredit Austria AG

Erste Group AG

Ares Management Limited

BNP PARIBAS

Raiffeisenbank a.s.

Interglobe Enterprises Limited

Novem Group GmbH

ABL Group

RIDG Holding s.r.o.

FSN Capital

Work highlights

  • Assisted UNIQA with the acquisition of AXA subsidiaries in the Czech Republic, Poland and Slovakia for a purchase price of around €1bn.
  • Advised Kommunalkredit Austria AG as arranger and original lender on the Czech and Slovak acquisition financing provided to Energy Development GmbH for the acquisition of six 21 MW solar power plants in the Czech Republic and two 4 MW solar power plants in the Slovak Republic.
  • Advised Ares Management Limited on the extension of an original facility agreement to allow for Kohlberg’s leveraged recapitalisation. Wells Fargo – the other financing stream creditor – did not participate in the extension.

Skils s.r.o. advokátní kancelář

Skils s.r.o. advokátní kancelář has a strong track record in complex debt and equity capital markets transactions, and it generates a significant amount of work from domestic banks and international financial institutions. Led by Karel Muzikář, the team advises on multimillion euro bond issuances and regulatory work. Banking litigation is another key area of activity. Other names to note include Karel Dřevínek, who is noted for his restructuring and insolvency expertise, and Karolína Horáková.

Practice head(s):

Karel Muzikar

Other key lawyers:

Karel Dřevínek; Karolína Horákov

Testimonials

‘Expertise, diligence, reliability’

Key clients

Ceska sporitelna (Czech Savings Bank)

MONETA Money Bank

Equa Bank

CS-Beton

CEZ

Telefónica S.A. (Spain)

Plzensky Prazdroj/Pilsner Urquell Investments BV

UNIPETROL

Work highlights

  • Advised Czech Savings Bank, as the target company, on court proceedings initiated by its former minority shareholders challenging the resolution of the General Meeting.
  • Provision of legal services to CEZ in connection with annual revisions of its €8bn medium-term note program Base Prospectus listed on the regulated market of the Luxembourg Stock Exchange.

Squire Patton Boggs s.r.o., advokátní kancelář

Squire Patton Boggs s.r.o., advokátní kancelář acts for leading Czech banks on financing transactions and it is able to offer advice on international financial regulations relating to international sanctions. Led by Danica Sebestova, the team handles the full spectrum of banking services and restructuring mandates, with experienced associate Veronika Vaněčková being the key name for project finance, real estate finance and asset-based financing matters. Fintech and blockchain are other key specialisms of the practice.

Practice head(s):

Danica Šebestová

Testimonials

‘The overall impression is very good, manifesting professional performance.’

Key clients

Československá obchodní banka, a.s.

Komerční banka, a.s.

Deutsche Bank AG

Česká exportní banka, a.s.

BGRS

Banco Santander S.A.

REDSTONE REAL ESTATE, a.s.

Raiffeisenbank International AG

UniCredit Bank Czech Republic and Slovakia, a.s.

Cardtronics

Work highlights

  • Assisting ČSOB (Czech branch of KBC) with its fifth financing in a row – bilateral financing of a group of major European operators of food retail stores in Slovakia in close cooperation with our Slovakian branch.
  • Acting for Czech Export Bank in the insolvency procedure conducted against VÍTKOVICE POWER ENGINEERING a.s. and in several related court proceedings.

Weinhold Legal

Weinhold Legal acts for banks and borrowers on a wide range of banking transactions, including those involving project finance, acquisition finance, real estate finance and asset finance. Its team, which is knowledgeable about both the Czech and Slovak markets, is led by Pavel Jendrulek. Other key individuals are Daniel Weinhold and Věra Tovey.

Practice head(s):

Pavel Jendrulek

Other key lawyers:

Daniel Weinhold; Věra Tovey

Testimonials

‘Great mix of local knowledge and international experience’

Work highlights

  • Assisted a client with negotiating the terms and conditions of the refinancing of its current loans.
  • Advised a construction client on a multijurisdictional syndicated loan (hundreds of millions of euros) and issued several legal opinions under Czech law and under Slovak law.
  • Assisted a client with project and acquisition financing provided to a company active in the energy sector (tens of millions of euros).

Balcar, Polanský & Spol

The banking team at Balcar, Polanský & Spol acts for Czech banks on insolvency proceedings and it also handles the management of distressed loan portfolios. Marek Pilař leads the team, which has experience of handling arbitration cases. Litigator and senior associate Martin Danajovič is another notable individual.

Practice head(s):

Marek Pilař

Other key lawyers:

Martin Danajovič

Key clients

Česká spořitelna, a.s.

CreditKasa, s.r.o.

Work highlights

  • Assisting Komerční banka, a.s. with managing a portfolio of over 2,500 defaulted receivables owed to the leading Czech bank by its clients.
  • Assisting CreditKasa with managing a portfolio of over 3,000 defaulted receivables owed to the client by its clients.

bpv Braun Partners s.r.o.

bpv Braun Partners s.r.o. advises on securitisation, project finance, asset finance and regulatory issues, among other matters. The banking team, which is led by David Vosol, acts as local counsel on cross-border financing matters. Managing partner Arthur Braun is another notable individual in the group.

Practice head(s):

David Vosol

Other key lawyers:

Arthur Braun; Pavel Vintr; Markéta Nešetřilova; Ivana Horáková; Kateřina Trzaska

Testimonials

‘Main strength is quite big team covering whole legal topics in very detail. ’

‘Our main partner is Mr. Vosol, who is very experienced and clever, so we have quick and proper information about our problem and designed solutions are fully useful.’

Key clients

Raiffeisen-Leasing Finanzierungs GmbH

Raiffeisenbank a.s.

Conseq Realitní

Taulia

IC Cash

Raiffeisenlandesbank Niederösterreich-Wien AG

Progroup Board (confidential)

ECO Finance Group

Work highlights

  • Represented Raiffeisen-Leasing Finanzierungs GmbH in a €17 million loan refinancing in an international real estate transaction.
  • Represented Raiffeisenbank, a.s. in construction of an outlet shopping centre in Ostrava.
  • Advising the investment fund Conseq Realitní on the acquisition of A7 Office Center.

Deloitte Legal s.r.o., advokátní kancelář

Deloitte Legal s.r.o., advokátní kancelář's 'pragmatic and efficient' team is particularly knowledgeable about financial services regulations, and it is sought out to advise on matters concerning the insurance and payment services industries. Elsewhere, the group is also active in the leasing industry. Jan Procházka and Jan Kotous jointly lead the team, which includes Radek Musílek. The firm's Legaltech initiative allows it to provide document automation and contract management services.

Practice head(s):

Jan Procházka; Jan Kotous

Other key lawyers:

Radek Musílek

Testimonials

‘Very pragmatic and efficient approach to the workstream.’

Key clients

Braiins Systems

Generali Česká pojišťovna a.s.

DNS a.s.

s Autoleasing, a.s.

PKO Bank Polski

U.S. Steel Košice, s.r.o.

Raiffeisenbank a.s.

Fortuna Entertainment Group

ZNPay a.s.

Work highlights

  • Advising one of the largest bitcoin mining pools Braiins Systems in the area of the regulation of cryptocurrencies including the AML compliance of cryptocurrencies and advisory on corporate set- up reflecting the client’s business model.
  • Advising a client on the setting up of business processes for the offering and distribution of life insurance.
  • Advising DNS a.s. on the implementation of an innovative solution for data and document storage used for financial services.

DELTA legal

DELTA legal has a varied work portfolio, which covers real estate finance, acquisition finance and refinancing, as well as financial restructurings and work-outs. Practice head Libor Vacek is knowledgeable about various forms of bank and non-bank lending, and he is also called upon to assist clients with regulatory issues and proceedings before the Czech National Bank.

Practice head(s):

Libor Vacek

Other key lawyers:

Pavel Fára; Michal Zahradník

Testimonials

‘Good team, value for money’

Key clients

Trigea nemovitostní fond

Komerční banka, a.s.

INVESTIKA investiční společnost, a.s.

KKCG

Silverline Capital

NTT Europe GDC s.r.o.

EMMA Capital

CASIN Establishment

Smith Medical

Hoya Lens

PRIMA Banka

PROFI Credit

Work highlights

  • Advising work-out department of Komerční banka, a.s. on a number of highly sensitive cases including defending it in court trial related to fraudulent borrower’s claims.
  • Advising INVESTIKA investiční společnost, a.s. on financing of acquisitions of RE properties as well as on financial structuring of those acquisitions.

DLA Piper

DLA Piper handles all forms of financing transactions, particularly real estate finance and acquisition finance matters. Managing partner Miroslav Dubovský leads the team, which includes restructuring and insolvency expert Petr Sabatka and of counsel Petr Koblovsky.

Giese & Partner, s.r.o.

Giese & Partner, s.r.o. has acted for the largest European banks operating in Central and Eastern Europe for 20 years. and its team's strengths in cross-border transactions are complemented by its local market knowledge. It is particularly well-known for its capabilities in project finance transactions, which often involve major developments in sectors such as retail, offices and hotels. Elsewhere, other areas of expertise include fintech, fund formation and the establishment of local subsidiaries for foreign banks. Martin Holler jointly heads up the practice with Jitka Sytařová.

Practice head(s):

Martin Holler; Jitka Sytařová

Testimonials

‘Very good understanding of the contractual documentation requirements to have the opportunity to refinance loans under German law covered bonds.’

Key clients

Bayerische Landesbank

Deutsche Pfandbriefbank AG

UniCredit Bank Austria AG

Landesbank Hessen-Thüringen

UniCredit Bank Czech Republic and Slovakia

Rodenstock group

Commerzbank AG

IC FIZZ PRAGUE I S.a.r.l.

Work highlights

  • Advised UniCredit Bank Austria AG and UniCredit Bank Czech Republic and Slovakia on the acquisition financing of a large logistic park located in the West Bohemia.
  • Advised Rodenstock group on the refinancing of an existing bank loan.
  • Advised Bayerische Landesbank on the financing of a unique office building located in the centre of Prague, Czech Republic.

PETERKA & PARTNERS

PETERKA & PARTNERS is able to leverage its wide presence in the CEE region to handle large and complex cross-border banking matters. Led by experienced senior associate Petr Říha, the team advises domestic and foreign banks on export financing matters and financial regulatory issues. In addition, other areas of expertise include syndicated loans, refinancings, bond issues and public market listings. Hynek Peroutka has a specialism in export finance.

Practice head(s):

Petr Říha 

Other key lawyers:

Hynek Peroutka

Key clients

Web Shield Legal Library, spółka z ograniczoną odpowiedzialnością sp.k.

SAXO BANK

Komerční banka, a.s.

Work highlights

  • Prepared loan and security documents for Komerční banka, a.s. including a capacity and enforceability legal opinion and legal due diligence reviews of real estate.
  • Advised Web Shield Legal Library on the legal framework for cryptocurrencies in the Czech Republic, covering various aspects such as initial coin offering, cryptocurrency exchange, and payment transactions with cryptocurrency.
  • Advised SAXO BANK on certain aspects of anti-money laundering regulations, and compliance with such regulations in the Czech Republic.

Wolf Theiss

Wolf Theiss excels in handling bilateral and syndicated financings for banking clients in the real estate sector. The practice, which is led by Robert David, has a focus on large financing transactions and counts Erste Group Bank AG as a key client. Senior associate Filip Michalec handles anti-money laundering work and capital markets transactions. The team works with the firm's other offices in Europe, including those in Vienna and Bucharest.

Practice head(s):

Robert David

Other key lawyers:

Filip Michalec

Testimonials

‘Personal approach, high benefit-cost ratio, understanding industry.’

‘Engagement, confidence, negotiation skills, ideal balance of legal academic skills and industry practice experience/know-how.’

Key clients

Erste Group Bank AG

Česká spořitelna, a.s.

Work highlights

  • Advising Erste Group Bank AG and a consortium of banks on the financing of the acquisition of the Hotel Intercontinental in Prague by the Czech investment group R2G.
  • Advising Erste Group Bank AG on the establishment of a multi-issuer and multi-jurisdictional EMTN program for the issuance of notes for MREL regulatory purposes in the Czech Republic, Austria, and Romania.