Advising Yeong Chin Machinery on Acquisition of Stake in TRIMILL
Our assistance included comprehensive transactional advice. We also assisted the client in drafting the application for approval of the acquisition as a foreign investment and were the client’s legal counsel in the relevant proceedings – one of the first in the Czech Republic. The system for controlling investments from non-EU countries in strategic assets relevant to the security and internal order of the Czech Republic has been in force since 1 May 2021, and certain foreign investments in Czech assets (including private ones) are thus subject to prior approval by the Ministry of Industry and Trade.
More information is available in the companies' press releases here and here.
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