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

DUNOVSKÁ & PARTNERS’ banking and finance practice demonstrates skill in restructuring and financing matters, including risk credits, security instruments, and the restructuring of credit relationships. In addition to handling various bankruptcy and insolvency cases, the firm also advises on debt collection concerns and operational, investment, and project finance issues. Led by David Urbanec, who has considerable experience in complex financial regulatory issues, the team also represents clients in related contentious proceedings. The group’s clientele is broad-ranging and consists of leading banks across the CEE region, notable investment companies, and major retailers. Managing partner Barbora Dunovská is another key member of the team.

Practice head(s):

David Urbanec

Other key lawyers:

Barbora Dunovská; Aleš Hradil

Testimonials

‘Well-experienced team with stong relationships with clients. Their team is able to compete with the top firms in the Czech market. Excellent value for money.’

‘Excellent comunication and understanding of clients’ needs.’

‘They provide a very dedicated and in-depth service, knowing clients’ needs and situations based on their long-term experience in the banking sector.’

‘David Urbanec and Barbora Dunovská know the banking industry well and understand not only the legal aspects but also the business aspects of the banking sector.’

‘The team’s level of service is of a high standard with a deep knowledge of the legal background of the case and extensive experience. The team provides an assurance of stable quality and profesionalism. Advice is to the point, accurate and practice oriented. Pricing is appropriate.’

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

‘Solution-oriented and a strong ability to understand the client’s business model and tailor legal solutions to it.’

‘They are very focused and the quality of their service is in many cases above the level of service provided by leading international law firms.’

Key clients

Československá obchodní banka, a.s.

HSBC Continental Europe

Česká spořitelna, a.s. of ERSTE Group

ČSOB Factoring, a.s.

Euler Hermes SA, organisational unit

Raiffeisenbank a.s.

Odyssey 44, a.s.

Max Banka a.s.

Komerční banka, a.s.

NEBANKA s.r.o.

SCH-PORT, a.s.

SPORTISIMO, s.r.o.

Work highlights

  • Assisting HSBC UK Bank Ltd with the agreement of multicurrency term and revolving loans from the perspective of Czech law.
  • Assisted Odyssey 44 with the negotiation and closing of the sale of a 50% share in a major domestic non-life insurance company.
  • Assisted the SPORTISMO Group with the negotiation of new loan and security documentation worth CZK3bn.

DUNOVSKÁ & PARTNERS LLC 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 LLC provide complex legal services encompassing the main branches of law with a special focus on Commercial law especially M&A, Corporate, Banking & Financial law and Insolvency law. The firm has long-term working relationships (over 25 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 specialized 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 LLC 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, forfaiting 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 the most reputable banking institutions on the Czech market such as Československá obchodní banka of KBC Group (ČSOB), ČSOB Factoring (ČSOBF), HSBC Continental Europe, Czech Republic (HSBC), Česká spořitelna of Erste Group (ČS), Raiffeisenbank, Allianz Trade/EULER HERMES SA, organizational unit (Allianz Trade), Max Banka a.s. (previously Expobank CZ).

In the past 12 months, the value of cases exceeded CZK  32,5 billion (GBP 1,2 billion) in aggregate.  Largest cases are: representing the investment company Odyssey 44 in provision of finance in hundreds of millions Czech Crowns  to acquire an interest in the leading logistic company Zásilkovna, advising HSBC in case of a new financing exceeding CZK 1 billion (GBP 36,2 million) together with security provided by a Czech company, representing the leading retailer of sporting goods  in the negotiation and drafting of new loan and security documentation over CZK 3 billion (GBP 108,7 million) provided by a club of 5 banks.

Since 2016 main legal advisor to ČSOB in acquisition finance projects in the SME and corporate sector. Main external legal advisor to Allianz Trade since January 2020 in all legal matters.

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  ČS on protection of the bank’s risks related to an M&A project of the bank’s client in value of CZK 300 million (GBP 10,9 million), advice on the recovery of loan receivables in excess of CZK 170 million (GBP 5,8 million) from traditional manufacture of textile, the bank´s claims were fully satisfied, representing a group of important local banks  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 loas. 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, mergers, sales of businesses and enterprises, corporate restructuring. Long term representation of Aricoma a.s. and Autocont a.s. (the largest Czech IT service providers) in their investment activities. Recent representation includes the acquisition of SABRIS Group, an innovative IT company, certified SAP partner). Long term representation of investment company Odyssey 44 a.s.  – assistance in the acquisition and later sale of Direct Pojištovna CZK 1 billion (GBP 33,9 million), advising Escatec Sweden AB in different M&A transactions and corporate matters). Continuing representation of ČSOB in acquisition finance in SME and corporate sectors 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. Successful representation of ČSOB in a long-term dispute against Ministry of Finance in the value over CZK 480 million (GBP 16,3 million).  Success rate of 100% in all international arbitrations at ICC Paris for CSOB against the Czech State, the largest amounting to almost CZK 26,7billion (GBP 905 million). Representation of major Czech Bank in a complex lawsuit in respect of its client, a major electricity producer. Successful defense of a leading local bank against negative consequences of the collapse of Icelandic banks during the financial crisis.

Corporate law, business contracts, labor 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), 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 investment company Odyssey 44 a.s., 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.

Department Name Email Telephone
Banking and finance David Urbanec urbanec@dunovska.cz +420 602 382 747
Banking and finance Barbora Simon Dunovská dunovska@dunovska.cz +420 602 207 868
M&A; corporate law Barbora Simon Dunovská dunovska@dunovska.cz +420 602 207 868
M&A; corporate law Václav Mánek manek@dunovska.cz +420 221 774 108
Insolvency and financial restructuring Jan Vavřina vavrina@dunovska.cz +420 602 270 667
Insolvency and financial restructuring David Urbanec urbanec@dunovska.cz +420 602 382 747
Insolvency and financial restructuring Barbora Simon Dunovská dunovska@dunovska.cz +420 602 207 868
Insolvency and financial restructuring Aleš Hradil hradil@dunovska.cz +420 221 774 109
Litigation and arbitration Aleš Hradil hradil@dunovska.cz +420 221 774 109
M&A; corporate law Jindřich Buša busa@dunovska.cz +420 221 774 210
Banking and finance Jindřich Buša busa@dunovska.cz +420 221 774 210
Real estate Jindřich Buša busa@dunovska.cz +420 221 774 210
Real estate Jan Vavřina vavrina@dunovska.cz +420 602 270 667
IT, intellectual property and media Jan Vavřina vavrina@dunovska.cz +420 602 270 667
Litigation and arbitration David Urbanec urbanec@dunovska.cz +420 602 382 747
Banking and finance Ondrej Kvašňovský kvasnovsky@dunovska.cz +420 221 774 209
Banking and finance Václav Mánek manek@dunovska.cz +420 221 774 108
Litigation and arbitration; Contract and Corporate law Ondrej Kvašňovský kvasnovsky@dunovska.cz +420 221 774 209
M&A; Litigation and arbitration; Contract and Corporate law Konrád Hanák hanak@dunovska.cz +420 221 774 201
M&A; Contract and Corporate law Rudolf Suk suk@dunovska.cz +420 221 774 104
M&A; Corporate law Markéta Koláříková kolarikova@dunovska.cz +420 221 774 206
Number of lawyers : 10
Czech
English
German
Russian
Slovak
French
Spanish
Czech Bar Association

 

 

CLIENT: JUDr. Ing. Ján Lučan Ph. D., Member of the Board
COMPANY/FIRM: ČSOB a.s
TESTIMONIAL: Our bank has cooperated with DUNOVSKÁ & PARTNERS for 30 years. During this time, we have seen repeatedly the quality of this law firm in a number of areas, especially in the fields of banking, structuring of financing, and also the resolution of non-performing loans and enforcement of creditors’ rights, including insolvency proceedings. In particular, the experience of the law firm and their distinctive representatives in respect of the entire financing lifecycle, from origination to recovery, brings real value to the client. Unlike other law firms, DUNOVSKÁ & PARTNERS have a deep understanding of the practical and technical aspects of bank financing, which they are able to translate into clear legal advice.


CLIENT: Mgr. Jiří Zeman, General Counsel, Head of Legal
COMPANY/FIRM: HSBC Continental Europe, Czech Republic
TESTIMONIAL: DUNOVSKÁ & PARTNERS have a 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.


CLIENT: JUDr. Jan Synek, CEE
COMPANY/FIRM: Allianz Trade / Euler Hermes SA, organizational unit
TESTIMONIAL: I am linked to DUNOVSKÁ & PARTNERS for many years, working with them from 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 proven to me repeatedly that there is added value in their service compared to competition. And it is maybe not only the high level of expertise (common to many law firms) but namely the way application of this expertise is used in a creative, informal and useful manner. Simply you do not receive a legal opinion but a solution.


CLIENT: Ing. Ondřej Jůzl, Team Leader, Restructuring and recovery of corporate clients
COMPANY/FIRM: Česká spořitelna, a.s.
TESTIMONIAL:We have been cooperating with DUNOVSKÁ & PARTNERS for a long time. We appreciate that we can rely on their knowledge and solution targeted approach, combined with a profound understanding of banking, insolvency, and restructuring. They have proven to possess excellent knowledge and are qualified to handle both routine and sophisticated cases that require full concentration and creative solutions. I personally greatly appreciate the personal attitude and on-time delivery under all circumstances. DUNOVSKÁ & PARTNERS is a reputable, medium-sized local law firm that can be favorably compared to larger providers.


CLIENT: Ing. Barbara Řimánková, previously CEO
COMPANY/FIRM: ČSOB Factoring, a.s.

Currently Member of the Board of Directors, ČSOB Leasing, 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: 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 Barbora Simon Dunovská since 1993. Their strength is definitely their long-term expertise and practical experience in banking and finance, and their ability to deal with complex and challenging situations proposing clear and workable solutions. Given the 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.

 


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 responsibility 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 Dunovská, a managing partner of the law office DUNOVSKÁ & PARTNERS LLC.

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, Cloun doctor and Association Assisting Autistic People.