KŠB Advised Tiger Global Management on the Sale of a Minority Stake in Seznam.cz
KŠB’s advice focused on Czech corporate and contract law issues, including pledge aspects. The challenge was to harmonize the interests of both minority shareholders and meet a very tight deadline.
Tiger Holding Four and Mirua International have held a 30% stake in Seznam.cz since 2007. Seznam.cz, whose online website bears the same name, will thus cease to have a minority shareholder after 15 years. Founder Ivo Lukačovič is now the only beneficial owner of the company. Seznam.cz, which is the most visited Czech website, is famous for its innovative approach and ability to compete with major worldwide browsers.
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KŠB "Scores" Major Infrastructure Win: The New Ball Sports Centre in České Budějovice
KŠB has advised on the execution of a construction contract for the Ball Sports Centre in České Budějovice, a major public infrastructure project set to become a new landmark for sport and community life in the region.
Suburbanization Trends and Sustainable Commuting: Will the Construction Act Amendment Change the Landscape?
The discussion surrounding the current proposal to amend the Construction Act (Parliamentary Print 67) has moved to the committee stage in the Chamber of Deputies following its first reading. The primary declared objective is the acceleration of construction, particularly regarding residential buildings. The shortage of affordable housing remains a pressing issue in major cities, both in the Czech Republic and abroad, giving rise to the pervasive trend of suburbanization. This raises the question: does the proposed amendment truly have the ambition to reverse this trend, and will an increase in housing construction alone suffice?
Success for KŠB’s Litigation Team
KŠB’s litigation team, led by Pavel Dejl and Hana Dejlová, has achieved a significant victory for a long-standing client in a dispute with the Czech Ministry of Justice concerning excessively lengthy court proceedings.
