KŠB Energy Client Wins Administrative Proceedings
In response to the lawsuits filed by the client, the Supreme Administrative Court dismissed the decision made by the Appellate Financial Directorate, which will now re-decide the client’s appeals against payment assessments issued by the first-instance tax authorities. The payment assessments were issued in line with the so-called Three Taxes Act (the Inheritance, Donation and Real-Estate Transfer Tax Act). In the lawsuits, the client documented that the first-instance tax authorities were not authorized to apply the relevant provisions of the Three Taxes Act because the Act is in conflict with EU law. The Appellate Financial Directorate is bound by the Supreme Administrative Court’s ruling, which agreed with the reasoning posed by the client.
The Supreme Administrative Court’s rulings have a major precedential importance for the application of EU laws by Czech courts in the Czech Republic.
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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.
