KSB Advises SMV Invest on One of First Issues of Non-Bank Perpetual Certificates in Czech Republic
Perpetual certificates are primarily debt securities but have some features of equity securities (e.g. flexible redemption date). The absence of specific regulation (as encountered in the case of banking institutions) allows considerable flexibility in structuring the terms of the certificates, as well as in adjusting the terms of individual redemptions by the issuer. In this respect, perpetual certificates represent a significant innovation on the Czech financial market.
More information on the prospectus is available here.
Other articles
Jan Lasák chairs M&A FORUM 2026
KŠB partner Jan Lasák served as academic lead and moderator of M&A FORUM 2026, the eighth edition of the conference organised by Akademie C. H. Beck, held on 4 November at Stages Hotel Prague. The event has become a fixture in the Czech M&A calendar, bringing together leading practitioners from private practice, the judiciary, academia and in-house legal teams.
Richard Schmidt spoke at the Czech Competition Authority’s St. Martin's Conference 2026
KŠB attorney Richard Schmidt spoke at this year's St. Martin's Conference, hosted by the Czech Competition Authority (CCA) in Brno on 11–12 November 2026. The conference is a fixture of the Czech competition law calendar, drawing leading practitioners from home and abroad.
Helena Navrátilová on Three Decades of the Advent Concerts of Good Will
KŠB partner Helena Navrátilová was recently interviewed on S dobrou vůlí, the podcast of the Committee of Good Will – Olga Havel Foundation. Speaking with editor Veronika Širc, Helena talked about the origins and history of the Advent Concerts of Good Will, which KŠB has been organizing for over thirty years.
