24.6.2009
News

KSB assists unit trust in takeover of assets of joint stock company, the first transaction of this kind in Czech Republic

Law firm Kocián Šolc Balaštík provided legal consultancy to Closed Unit Trust Fortius 1, managed by the investment company Fortius Global Investments, in the takeover of assets of the joint-stock company TERION CZ a.s.

As a result of this transformation of the company pursuant to Act No. 125/2008, Coll., on Transformations of Commercial Companies and Cooperatives, the company’s assets passed to the assets of the unit trust as of 1 May 2009.

Unlike standard operations consisting of takeover of assets of a commercial company on the part of an investment fund, the takeover of assets into the assets of a unit trust has never been implemented before pursuant to available information and therefore this operation became the first transaction of this kind in the Czech Republic.

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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.
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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.