9.12.2008
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News
Controversial resolution of the Supreme Court
The Supreme Court, in its resolution No. 22/2007, addressed the differences between the loan agreement regulated by the Civil Code and the credit agreement pursuant to the Commercial Code. Pursuant to the Supreme Court, the difference is, inter alia, based on the subject of the agreement.
The subject of the credit agreement is expressly “financial means” whereas the subject of the loan agreement is “items determined pursuant to the type, in particular money”. Pursuant to the resolution of the Supreme Court, funds may be provided, for example, in cash, by transfer to an account or by payment of invoices to the debtor’s creditors, whereas money must be taken over by the debtor in cash. When adopting this interpretation, it would thus not be possible to provide a loan by interbank transfer of funds to an account, since such transfer would mean that a credit is provided.
Other articles
29.9.2025
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News
Legal advice on RegioJet financing
KŠB team led by Josef Kříž acted as legal advisor to Česká spořitelna and Komerční banka in connection with the issuance of RegioJet Group secured bonds, which will be admitted to trading on the Prague Stock Exchange. The expected volume is CZK 1.5 billion, but may increase to a total of CZK 4 billion. Assistance with this transaction is another successful step in strengthening our Capital Markets department led by Vlastimil Pihera.
8.8.2025
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News
Project Financing of a Strategic Logistics Complex in Nymburk
KŠB provided legal advice to Facility Develop Group in securing two separate financings granted by Trinity Bank. The funds will be used for the development and expansion of a large logistics park in Nymburk, which is of key importance to the infrastructure of the entire Central Bohemian Region.
