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Success for KŠB Client: VGP Group Completes Giant Property Deal

News   11. 9. 2014 Link

Leading developer VGP recently announced the completion of one of the biggest real-estate transactions in Europe in the last decade. KŠB has advised VGP Group since 2005 and helped build the large property portfolio that was sold.

Supreme Administrative Court rules in favour of KŠB client in important decision

News   2. 9. 2014 Link

KŠB successfully represented its client in litigation with the Municipal Office of the City of Prague (the “Municipal Office”) regarding a land lease tender announced by the Municipal Office. After the Municipal Office chose another bidder, the client requested the Municipal Office to make available the bids submitted by other bidders based on its right of access to information.

KŠB’s Team of Tax Advisors Awarded Again

News   11. 8. 2014 Link

KŠB’s team of tax advisors led by Helena Navrátilová was named one of the leading tax practices in the Czech Republic by World Tax 2014, a tax guide published by rating agency International Tax Review.

KŠB Succeeds in Proceedings before the Supreme Administrative Court

News   4. 8. 2014 Link

KŠB successfully advised and represented the Radio and Television Broadcasting Council (RTBC) before an extended chamber of the Supreme Administrative Court. The important decision concerned the criteria by which a notice from the RTBC can constitute lawful grounds for imposing a penalty.

Tax Aspects of Profit Share Advances

X Lege   28. 7. 2014 Link

The Corporations Act has brought a lot of positive changes since January. Members of corporations certainly welcome the option to pay profit share advances on the basis of interim financial statements, provided the corporation clearly has enough to pay them and other legal conditions are fulfilled.

Are Internet Links Lawful?

X Lege   28. 7. 2014 Link

Hyperlinks are common. But are they lawful if they link to copyrighted documents? The European Court of Justice issued a decision on Internet links for the first time this past February.

Transparent to the Bone

X Lege   28. 7. 2014 Link

In March, the European Parliament passed in the first reading an amendment to the original draft AML Directive, which requires Member States to establish registers of legal entities and trust structures in which the end owners and beneficiaries will be listed. The information is to be available to the public. This means that not only major (at least 25%) shareholders but also beneficiaries of private foundations, trusts and similar structures will be disclosed.  KŠB lawyer Vlastimil Pihera comments on the draft as follows:

Firms Start Using Options Available Under the Recodification

X Lege   28. 7. 2014 Link

Despite a certain cautiousness, according to professor Jan Dědič, a KŠB partner and co-author of the legislation, one can see growing interest in the new legal institutes that are supposed to simplify the lives of firms and their managers.

Community Law News

X Lege   28. 7. 2014 Link

The mandates of some former European MPs have stimulated legislative endeavours by Community authorities. Long sought-after rules for public contracts and concessions, and audits of financial statements, were finalized and adopted in the first months of 2014.

Emission Allowances: Like a Boomerang

X Lege   28. 7. 2014 Link

From 2008 to 2012, emission allowances were allocated to electricity producers in the amount determined by the National Allocation Plan. But this originally trouble-free matter may become expensive for the state.

Experience with Regional Airports in Europe

X Lege   28. 7. 2014 Link

This past spring, KŠB partner Jiří Horník took part in an international air transport conference in Bucharest. The topic of his discussion, which you can read more about at www.patria.cz/pravo, concerned the operations of regional airports, which often have to fight for their own survival. Many regional airports rely on state aid, which has become harder to obtain following the introduction of stricter rules. In practice, many airports could wind up in trouble.

Supreme Administrative Court: No Penalty in the Lázně Kyselka Case

News   25. 7. 2014 Link

KŠB represented Karlovarské minerální vody, a.s. in a successful lawsuit to cancel a penalty imposed on KMV by the State Preservation and Landmark Authority for an alleged administrative offence. The authorities alleged that KMV failed to look after, maintain and protect historic buildings in the municipality of Kyselka.

Unique Legal Arrangement for J&T Bank’s Perpetual Bonds

News   22. 7. 2014 Link

KŠB advised J&T Banka on issuing bonds that offer investors a fixed yield with no maturity date.

KŠB advises LEO Express

News   9. 7. 2014 Link

KŠB advises LEO Express in litigation against České dráhy, a.s. concerning compensation for damage

KŠB for CEE Legal Matters

News   7. 7. 2014 Link

KŠB partner Pavel Dejl and KŠB associate Martin Krčmář comment on competition law in international publication CEE Legal Matters

KŠB’s Tax Partner in Who’s Who Legal

News   30. 6. 2014 Link

Who’s Who Legal has identified KŠB Tax Partner Helena Navrátilová as one of the Czech Republic’s two experts in corporate tax.

Information from the General Financial Directorate on trust funds

Tax News   30. 5. 2014 Link
The General Financial Directorate published information on its website on registering trust funds, according to which such funds may be established as of 1 January 2014 pursuant to the new Civil...

2015 Amendment to the VAT Act

Tax News   30. 5. 2014 Link
On 1 January 2015, an amendment to the VAT Act is to become valid. Its main objective is to implement EU regulations. The main change concerns the place of performance in the case of...

Supplementary Social Security Agreement between the Czech Republic und USA

Tax News   30. 5. 2014 Link
The Lower House of the Parliament of the Czech Republic is considering in the first reading the Supplementary Agreement amending the Social Security Agreement between the Czech Republic and the...

Savings Income Directive

Tax News   30. 5. 2014 Link

Amendment to the Savings Income Directive

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