Supreme Administrative Court rules in favour of KŠB client in important decision
The Municipal Office refused to disclose the bids. The Ministry of the Interior and the Municipal Court in Prague, in deciding on an administrative action, affirmed the Municipal Office’s approach. The Supreme Administrative Court, however, strongly rejected their conclusions. In its ruling on the client’s cassation complaint, the Court agreed with the objections which KŠB presented on behalf of its client. According to the ruling, the Czech Freedom of Information Act should be construed in harmony with the Directive of the European Parliament and the Council No. 2003/98/EC. As the Court stated, the directive requires public sector bodies to be transparent, which should also be reflected when interpreting the Czech act. Based on these facts, the Court came to the conclusion that the client’s request for the bids was justified.
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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.
