11.1.2022
News
Publications

Applicability of Small Size Premiums in Determining the Fair Value of Shares and Appropriate Consideration

KSB Partners Prof. Jan Dědič and Jan Lasák and junior lawyer Filip Buchta recently co-authored the article “Applicability of Small Size Premiums in Determining the Fair Value of Shares and Appropriate Consideration”.

In the article, the authors focus on one of the most pressing issues currently pertaining to company valuations for the purposes of determining the fair value of shares and the amount of reasonable consideration (e.g. in squeeze-out situations).

The Czech Supreme Court’s and Constitutional Court’s case law has not yet explicitly held whether the so-called “small size premium” (also “small cap premium”) can be applied to the discount rate in such cases.

The issue has been subject to a number of court cases. The authors believe there are a number of compelling reasons for applying the small size premium, including the extensive case law of the Delaware courts, to which the Constitutional Court, among others, explicitly refers.

The article is available in the double issue 23-24 of Legal Digest from 2021 and is also available on Beck-online at the link here.

Other articles

20.5.2025
News

With deep sorrow, we announce the passing of JUDr. Alexandr Kocián, one of the founders of our firm.

e was not only an icon of the legal profession in Karlovy Vary and a respected lawyer, but also an inspiring colleague, a mentor to an entire generation of our attorneys, and, last but not least, a man with a sense of humor who always spread good cheer.
19.5.2025
News

Warning About Fraudulent Emails!

We have detected that fraudulent emails titled "Copyright Infringement Notice" are being sent from various @gmail.com addresses, with the sender falsely claiming to represent KŠB.
14.5.2025
M&A

A Landmark Transaction in Czech IT History: Seyfor Acquires 100% of Dotykačka

The KŠB team, led by Ján Béreš and Drahomír Tomašuk, was pleased to provide legal advice to our long-standing client, Seyfor, in its acquisition of full control over Dotykačka ČR, the leader of the Czech point-of-sale systems market.