KSB Wins Damages Case for Asiana
Previously, following a complaint filed by KSB on Asiana’s behalf, the Czech Competition Authority fined Student Agency for having abused its dominant position by setting unreasonably low prices and having forced Asiana out of the market. That fine amounted to CZK 5 million. Asiana then sought damages against Student Agency at the Regional Court in Brno. The decision is one of the first of its kind by which Czech courts awarded damages as a result of a company’s unlawful restriction of competition.
More details, including Pavel Dejl’s comments, are available here (in Czech only).
Other articles
KŠB Assisted with the Refinancing of the BigBoard Group, a leading player in the premium outdoor advertising market
Our team provided legal advice to BigBoard Praha, a leading player in the premium outdoor advertising market in the Czech Republic, in connection with its refinancing. Founded in 1993, the BigBoard Group is the largest provider of premium outdoor advertising in the Czech Republic, with an approximately 70% market share and annual turnover of around CZK 2 billion. Its advertising media cover key locations across the country, including the Prague metro and major transport hubs.
KŠB Assisted Sandberg Capital with a Majority Investment in HotelTime Solutions
The KŠB team provided legal advice to the investment group Sandberg Capital on the completion of a majority investment in HotelTime Solutions, one of the leading providers of cloud-based software for hotel operations management.
KŠB assisted Seyfor with the extension of its financing provided by Raiffeisenbank, Tatra banka and, newly, Slovenská sporiteľňa.
The KŠB team provided legal advice to its long-standing client Seyfor in connection with the continuation and expansion of its syndicated financing. The existing lending banks, Raiffeisenbank Czech Republic and Tatra banka, decided to continue supporting Seyfor’s growth, with Slovenská sporiteľňa joining the financing as a new lender.
