New framework regulation of waste
This is reflected in a five-degree hierarchy of ways to handle waste that set forth an order of preferences, from preventing production of waste via repeated use, recycling and further use to, finally, ecological liquidation. The directive sets new objectives for waste recycling until 2020, when EU member states should achieve at least a 50% share for communal waste and even 70% share for construction and demolition waste. Preparation of national prevention plans is a further obligation. The directive simultaneously clarifies and defines certain important terms, including the term “waste” itself which should be differentiated from so-called side products. Thanks to the initiative of the Czech Republic, the restriction of waste import to countries with lower costs of waste liquidation constitutes part of the approved wording.
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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.
