21.4.2015
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News
Employment law
KŠB Wins Labour Dispute for Major Client
The Regional Court in Ostrava denied an action filed by a former employee of KŠB’s client concerning performance under a non-competition clause in the amount of several million Czech crowns. The court agreed with KŠB’s argument that the principle of special protection for employees must be relativized and concluded that, when assessing responsibility for the fate of labour negotiations, it is always necessary to take all circumstances into account.
In accordance with KŠB’s view, the court stated that invalid labour documents are not always solely the fault of the employer. The employee must undoubtedly have certain knowledge of the reason and conditions under which the specific contract or agreement was concluded and is responsible for its validity to that extent. In view of the circumstances of the case, the Regional Court refused to consider the additional claim for damages allegedly incurred by the former employee as a result of complying with the invalid non-competition clause.
The District Court in Ostrava first agreed with the action in its entirety. However, based on KŠB’s appeal the Court issued a final judgment in favour of the client.
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Advising J&T on the preparation of another bond programme – the Europacity Berlin project.
KŠB provided legal advice to its long-standing client, the J&T group, in connection with the preparation of another bond programme, this time related to the Europacity Berlin project. Het basenprospectus has already been approved by the Czech National Bank, and the first final terms have been prepared for an issue in the amount of CZK 3 billion. The advisory team at KŠB included Josef Kříž, under the partner supervision of Martin Krejčí. Vlastimil Pihera.
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News
A Distinguished June Visit to KŠB: Gisela Bergmann, Princess of Liechtenstein
Before the start of the summer holidays, we had the honour of welcoming an exceptional guest to our Prague office – Gisela Bergmann, Princess of Liechtenstein, CEO and managing director of Industrie- und Finanzkontor Ets., a leading Liechtenstein-based trust company with a long tradition and extensive experience in protecting family wealth and values.
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News
KŠB advised the seller on the sale of mcePharma to the Brenntag Group
The KŠB team, consisting of Vlastimil Pihera, Jakub Porod, and Dominika Bazalová, provided legal advice to the seller, Mr. Ivan Mikeš, in connection with the sale of 100% of the shares in mcePharma to the international Brenntag Group, a global leader in the distribution of chemicals and ingredients.
