DUNOVSKÁ & PARTNERS > Prague, Czech Republic > Firm Profile

DUNOVSKÁ & PARTNERS
ARCHA PALACE
NA PORÍCÍ 24
110 00 PRAHA
Czech Republic

Czech Republic > Banking, finance and capital markets Tier 3

Praised for its ‘perfect knowledge of the local market in the Czech Republic’, DUNOVSKÁ & PARTNERS' team is experienced in handling operational, investment and project finance transactions. It is also noted for its expertise in financial restructurings and work outs. Elsewhere, the firm provides representation in banking-related court and arbitration proceedings. David Urbanec leads the team. Other key lawyers include firm founder Barbora Simon Dunovská, who advises on major transactions, and insolvency expert Jan Vavřina.

Practice head(s):

David Urbanec

Testimonials

‘I have cooperated with Barbora Dunovská and David Urbanec. They are professionals with deep legal knowledge and a commercial business approach in difficult banking transactions.’

‘Individual approach – they know their clients. Flexibility. A sense for detail.’

‘Experienced stable team with deep knowledge.’

‘Advice is to the point, accurate and practice-oriented. Pricing appropriate.’

‘David Urbanec, Barbora Simon Dunovská, they are both very innovative, flexible and business-oriented lawyers with strong negotiating skills, whom we recommend strongly.’

‘Dunovska and Partners team provide the market with excellent service focused on the real estate market. Always flexible, offering solutions.’

Key clients

Československá obchodní banka, a.s.

HSBC Continental Europe

Česká spořitelna, a.s. of ERSTE Group

ČSOB Factoring, a.s.

Euler Hermes SA, organizational unit

Raiffeisenbank a.s.

Sberbank CZ, a.s.

Odyssey 44, a.s.

Expobank CZ a.s.

PENTA INVESTMENTS LIMITED, organizational unit

Komerční banka, a.s.

UCB, s.r.o.

Work highlights

  • Acted for a group of major domestic banks on the process of restructuring their credit facilities in the amount of CZK373m to companies operating in the promotional and gift market.
  • Acted for HSBC UK on the creation of security for loan exposure greater than CZK1bn to Carclo.
  • Advising Euler Hermes SA on all legal matters including representation in courts.

The firm: Dunovská & Partners is ranked as a recommended firm in all editions of The Legal 500 since 2012. The firm is described as a “banking and finance boutique, though its expertise covers many areas and disciplines“.

Dunovská & Partners provide complex legal services encompassing the main branches of law with a special focus on commercial law especially corporate, banking and financial law. The firm has long term working relationships (over 15 years) with most of the important banks and financial institutions and a prime reputation in finance, work-out, restructuring, insolvency and bank litigation.

The firm’s extensive expertise, combined with a deep knowledge of the law, enable solutions to be found for the client’s business practice as well as enforcing these solutions in front of local courts. Experience with resolving problematic and complicated cases and the ability to grasp the core of the problem enables the most effective solution to be achieved.

The firm’s highly specialised and experienced lawyers offer an individual, active and innovative approach, resulting in a distinctive quality of work which, when coupled with the close involvement of a partner for each case, distinguishes Dunovská & Partners from its competitors.

Areas of practice
Banking and finance:
Long-term practical experience in all types of banking operations, financial transactions and legal relations between a bank and clients. Model and tailor-made documentation for financing needs (operational, acquisition, structured) as well as products such as factoring, forfeiting and leasing including providing model and tailor-made factoring documentation. Due diligence reports and capacity opinions for bank acquisition finance. Main long-term clients are Československá obchodní banka of KBC Group (ČSOB), ČSOB Factoring, HSBC Continental Europe, Czech Republic (HSBC), Česká spořitelna of Erste Group (ČS), Raiffeisenbank, Expobank CZ, Unicredit Bank (UCB). Recent cases include complex legal assistance to a local bank arranging the issue of a new covered bond programme for 15 years for CZK 15bn, advisory and representation in a complex case involving advance payment and performance guarantees in value over CZK 500m (ČSOB), legal opinion on security provided by the Czech subsidiary of a UK debtor in respect of facilities provided by HSBC UK Bank Ltd. and drafting part of the security documentation, drafting complete model factoring documentation for ČSOB Factoring and HSBC. Since 2016 we act as main legal advisor to ČSOB in acquisition finance projects in the SME sector and participate in projects for the corporate sector. We were successful in a tender to be the main supplier of legal services to Euler Hermes Czech Republic and since January 2020 we provide intensive on-going legal advice.

Restructuring and insolvency: Long term experience in cases of large and complex financial and corporate restructuring in both stand-alone and multi-creditor situations applying non-standard and innovative solutions. Experience in high-profile insolvency proceedings where the firm represents large creditors including ČSOB, ČS, HSBC and other banks. Recent advice to and representation of a group of important local banks (ČS, ČSOB, KB, CZ, UCB) in restructuring of loan receivables including preparation and negotiation of the Standstill Agreement, comprehensive legal services for ČSOB regarding the sector of corporate and SME non-performing loans totalling many hundreds of millions CZK. Expertise in insolvency proceedings is assured since the partners are licensed insolvency receivers.

Banking and financial regulation: Support of banks and financial institutions in banking regulations and in negotiation with the Central Bank in respect of banking supervision, payment systems and electronic money.

M&A: Advice on acquisitions, corporate restructuring, mergers, sale of corporations, and relationships among holding companies and between shareholders. Odyssey 44 is our long term client whom we assisted in the acquisition of both SPORTISIMO and Direct Pojištovna, we advise and represent AUTOCONT a.s. in M&A projects (recent representation in the sale process of the Czech, Slovak and Hungarian business units of CAD STUDIO in the total value over CZK 300m. Regular legal advisory to ČSOB for acquisition finance in the SME and corporate sectors and real estate finance transactions.

Litigation: Advice and representation in litigation, tax and customs proceedings, dispute resolution, local and international arbitration. Litigation includes representation at courts of all levels. The firm has a 100% success rate in all international arbitrations at ICC Paris for CSOB against the Czech State, the largest amounting to almost CZK 26.7bn. Legal representation of ČSOB in a complex lawsuit in respect of its client, a major electricity producer.

Corporate law, business contracts, labour law: Advice and support in corporate issues and all aspects of everyday business relationships (all business contracts) together with support of management. Advice to foreign companies in their start-up of business in the Czech Republic.

Real estate: Advice in large real estate transactions financed by banks, development and construction projects (providing construction and engineering contracts) and lease agreements. Transaction documentation and also due diligence of real estate. The most important project was complex legal representation in multibillion acquisition of a real estate portfolio by Odyssey 44, Advice to ČSOB in a real-estate acquisition project in value of hundreds of millions CZK in a case of financing for an important logistic holding group, advice to Raiffeisenbank in an important agricultural land acquisition project.

DepartmentNameEmailTelephone
Banking and finance David Urbanecurbanec@dunovska.cz+420 602 382 747
Banking and finance Barbora Simon Dunovskádunovska@dunovska.cz+420 602 207 868
M&A and corporate Barbora Simon Dunovskádunovska@dunovska.cz+420 602 207 868
M&A and corporate Václav Mánekmanek@dunovska.cz+420 221 774 108
Insolvency and financial restructuring Jan Vavřinavavrina@dunovska.cz+420 602 270 667
Insolvency and financial restructuring David Urbanecurbanec@dunovska.cz+420 602 382 747
Insolvency and financial restructuring Barbora Simon Dunovskádunovska@dunovska.cz+420 602 207 868
Insolvency and financial restructuring Aleš Hradilhradil@dunovska.cz+420 221 774 109
Litigation and arbitration Aleš Hradilhradil@dunovska.cz+420 221 774 109
M&A and corporate Jindřich Bušabusa@dunovska.cz+420 221 774 210
Banking and finance Jindřich Bušabusa@dunovska.cz+420 221 774 210
Real estate Jindřich Bušabusa@dunovska.cz+420 221 774 210
Real estate Jan Vavřinavavrina@dunovska.cz+420 602 270 667
IT, intellectual property and media Jan Vavřinavavrina@dunovska.cz+420 602 270 667
Litigation and arbitration David Urbanecurbanec@dunovska.cz+420 602 382 747
Banking and finance Klára Přenosilováprenosilova@dunovska.cz+420 221 774 104
M&A and corporate Klára Přenosilováprenosilova@dunovska.cz+420 221 774 104
Banking and finance Ondrej Kvašňovskýkvasnovsky@dunovska.cz+420 221 774 209
PhotoNamePositionProfile
Jindřich Buša  photo Jindřich Buša Jindřich Buša works for DUNOVSKÁ & PARTNERS from 2015 as an attorney.…
Aleš Hradil  photo Aleš Hradil Aleš Hradil works for DUNOVSKÁ & PARTNERS since 2017 and became an…
Klára Přenosilová photo Klára PřenosilováKlára Přenosilová joined DUNOVSKÁ & PARTNERS in 2022. She holds a Master’s…
Barbora Simon Dunovská  photo Barbora Simon Dunovská Managing Partner: Specializes in Banking & Finance and M&A. Advisor in transactions…
David Urbanec  photo David Urbanec Partner: Specializes in Banking & Financial Law with focus on restructuring, Insolvency.…
Ing. Jan Vavřina  photo Ing. Jan Vavřina Partner: Specializes in Dispute/Litigation, Media and Bankruptcy. Jan provides legal advisory to…
Number of lawyers : 8
Czech
English
German
Russian
Slovak
French
Contact : Barbora Simon Dunovská (managing partner)

Social Responsibility

Despite our demanding work we decline to forget our world is not a place where everyone is happy and we are strongly aware of our social repsonsibility towards people in need, community in general as well as nature.

Pro bono

We consider free legal counsel an important part of our practice and we are glad that we are able to participate in helping other companies and individuals who have difficulties obtaining quality legal service.

As of January 1, 2013 as a part of our pro bono activities we have assumed free legal representation of Safety Line Association and became an exclusive legal advisor for all its activities. As advertised in the name of this organization, the Association was founded with the purpose of helping the children and young people in their difficult life situations as well as with their everyday problems and concerns. The association is an integral part of the children social and legal protection system in the Czech Republic and is a member of a global association of children helplines Child Helpline International.

www.linkabezpeci.cz

“We are very grateful that Safety Line Association has chosen our law office as their legal advisors and that we shall be able to use our expertise and experience in assisting the Safety Line, thus participating on helping the children in difficult life situations who are in desperate need for help. The attorney practice is rarely regarded as being compassionate and understanding therefore the chance to indirectly convey these emotions in this manner is very important to us. We strongly believe that our cooperation shall be beneficial to Safety Line Association and a real joy for the team of our law office,” says JUDr. Barbora Simon Dunovska, a managing partner of the law office DUNOVSKÁ & PARTNERS s.r.o.

Charity

Partners of the firm on a regular basis contribute to foundations, charity and other entities to support orphanages, and people with health difficulties and make donation to mitigate adverse effects of natural catastrophes.

We provide financial gifts to such entities as People in Need (e.g. we have supported people affected by floods and earthquake in Haiti, we financed a water well in Afghanistan), SOS Children’s Villages, The Fund for Children in Need, Foundation Our Child, Cloundoctor and Association Assisting Autistic People.

Thanks to our help children in Romanian villages can use computers within their school education and develop their capabilities.

Sponsoring of a sports club

Law firm provided financial support to both small and large sportsmen of the successful sports club Floorball Chodov which has a long tradition and renown and from whose ranks came several Czech representatives.


CLIENT: Ing. Petr Knapp, previously Member of the Board of Directors; Senior Executive Officer Relationship Services
COMPANY/FIRM: Československá obchodní banka, a.s.
Currently chairman of the Supervisory Board, Česká exportní banka, a.s.
TESTIMONIAL: DUNOVSKÁ & PARTNERS are external legal counsel to ČSOB a.s. and I personally have worked with a partner since 1993. Their strength is definitely their long term expertize and practical experience in banking and finance, and their ability to deal with complex and challenging situations proposing clear and workable solutions. Given the small size of the firm and high quality of the attorneys they are very focused and the quality of service is in many cases above the level of service provided by leading international law firms.


CLIENT: Mgr. Jiří Zeman, General Counsel, Head of Legal
COMPANY/FIRM: HSBC France – pobočka Praha
TESTIMONIAL: DUNOVSKÁ & PARTNERS have great team of experienced, efficient and results oriented lawyers. I like their down-to-earth and user-friendly style combined with stellar quality. I appreciate their world-class client service – essentially the same level of service you would get from a top global legal firm, but delivered by lawyers based in Prague who understand our business. Good value for money.


CLIENT: Ing. Barbara Řimánková, CEO
COMPANY/FIRM: ČSOB Factoring, a.s.
TESTIMONIAL: DUNOVSKÁ & PARTNERS has been a legal partner of ČSOB Factoring for more than two decades and during my tenure at the company, it has clearly been the main legal partner with whom we have dealt with the most complex legal situations. I have personally worked with several of their lawyers and managing partners. Their strength lies in their combination of long-standing financial services expertise, client-focused approach, and ability to handle non-routine, challenging situations and complex assignments. I hold DUNOVSKÁ & PARTNERS´ services in very high regard, and in my personal experience they exceed the quality of service of major international law firms.


CLIENT: JUDr. Martin Synek, CEE
COMPANY: Euler Hermes SA, organizační složka
TESTIMONIAL: I am linked to DUNOVSKA AND PARTNERS for many years, working with them on different positions in different companies. And it is not just by matter of luck or chance. Throughout the many years of my experience it was repeteadly proven to me that there is added value in their service compared to competition. And it maybe not only the high level of expertize (common to many law firms) but namely the way application of this expertize in a creative, informal and useful manner. Simply you do not receive legal review but a solution.


CLIENT: Mgr. Jiří Markvart, Head of Legal and Compliance Department
COMPANY/FIRM: Wüstenrot
TESTIMONIAL: DUNOVSKÁ & PARTNERS is definitely a preferred option – they always provide promt, legally precise and at the same commercially usable advice.


CLIENT: Doc. Ing. Jiří Schwarz, CS. c., Director
COMPANY/FIRM: CETA – Centrum ekonomických a tržních analýz, z.ú.
TESTIMONIAL: I heard about the great reputation of attorneys-at-law DUNOVSKÁ & PARTNERS a long time ago. Unfortunatelly, I found myself in a complicated commercial dispute later which could not be resolved without an expert attorney’s assisstance. Thanks to attorneys DUNOVSKÁ & PARTNERS my long-term business nightmare seems to finish with a happy-end.


CLIENT: JUDr. Martin Kúšik, Owner, Partner
COMPANY/FIRM: Odyssey 44, a.s.
TESTIMONIAL: I’m very satisfied with the work of DUNOVSKÁ & PARTNERS, it is my favourite law office, I recommend them


CLIENT: Ing. Lenka Kostrounová, Head of Real-Estate Financing
COMPANY/FIRM: Československá obchodní banka, a.s.
TESTIMONIAL: Real Estate department of ČSOB has been in regular contact with DUNOVSKÁ & PARTNERS since 2004. We jointly successfully concluded dozens of transactions . DUNOVSKÁ & PARTNERS belongs to the best (= effective, reliable, problem identifying and consequently solving) law firms active in Real Estate in the Czech Republic.


SOCIAL RESPONSIBILITY

Despite our demanding work we decline to forget our world is not a place where everyone is happy and we are strongly aware of our social repsonsibility towards people in need, community in general as well as nature.

PRO BONO

We consider free legal counsel an important part of our practice and we are glad that we are able to participate in helping other companies and individuals who have difficulties obtaining quality legal service.

As of January 1, 2013 as a part of our pro bono activities we have assumed free legal representation of Safety Line Association and became an exclusive legal advisor for all its activities. As advertised in the name of this organization, the Association was founded with the purpose of helping the children and young people in their difficult life situations as well as with their everyday problems and concerns. The association is an integral part of the children social and legal protection system in the Czech Republic and is a member of a global association of children helplines Child Helpline International.

www.linkabezpeci.cz

“We are very grateful that Safety Line Association has chosen our law office as their legal advisors and that we shall be able to use our expertise and experience in assisting the Safety Line, thus participating on helping the children in difficult life situations who are in desperate need for help. The attorney practice is rarely regarded as being compassionate and understanding therefore the chance to indirectly convey these emotions in this manner is very important to us. We strongly believe that our cooperation shall be beneficial to Safety Line Association and a real joy for the team of our law office,” says JUDr. Barbora Simon Dunovska, a managing partner of the law office DUNOVSKÁ & PARTNERS s.r.o.

CHARITY

Partners of the firm on a regular basis contribute to foundations, charity and other entities to support orphanages, and people with health difficulties and make donation to mitigate adverse effects of natural catastrophes.

We provide financial gifts to such entities as People in Need (e.g. we have supported people affected by floods and earthquake in Haiti, we financed a water well in Afghanistan), SOS Children’s Villages, The Fund for Children in Need, Foundation Our Child, Cloundoctor and Association Assisting Autistic People.

Thanks to our help children in Romanian villages can use computers within their school education and develop their capabilities.

Sponsoring of a sports club

Law firm provided financial support to both small and large sportsmen of the successful sports club Floorball Chodov which has a long tradition and renown and from whose ranks came several Czech representatives