KŠB Advises on CETIN Squeeze-Out
The legal advice was unique for several reasons: primarily, it marked one of the first squeeze-outs under the new Corporations Act which took effect on 1 January 2014, with the squeeze-out provisions differing substantially from the ones under the previously applicable Commercial Code. As a result, there were various interpretation issues with no case-law support.
KŠB provided full-service advice which covered the entire squeeze-out procedure, including cooperation on many issues associated with compensation payments to more than thirty thousand shareholders. This figure is another reason which made the deal so unique.
Following the squeeze-out, CETIN became fully owned by a PPF Group company which owned over 90% of the shares in CETIN before the squeeze out. CETIN was established last year as the survivor of the O2 Czech Republic spin-off. Details are available here.
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30th Advent Concert for the Committee of Good Will – Olga Havlová Foundation
This year again, during the pre-Christmas season, the Advent Concert of Good Will took place. Since 1995, it has been organised by the law firm Kocián Šolc Balaštík in support of the Committee of Good Will – Olga Havlová Foundation. This was already the 30th anniversary edition, made exceptional by the fact that we organised it for the first time together with our partner, Smetanova Litomyšl, as part of a broader mutual cooperation. As always, the concert was held in the concert hall of the Church of Sts. Simon and Jude in Prague’s Old Town.
30th Advent Concert for the Committee of Good Will – Olga Havlová Foundation
The Advent Concert of Good Will, organised since 1995 by the law firm Kocián Šolc Balaštík for the benefit of the Committee of Good Will – Olga Havlová Foundation, will this year take place on Sunday, 7 December, from 7:00 p.m., traditionally in the concert hall of the Church of Sts. Simon and Jude in the Old Town of Prague. The concert is held under the auspices of the First Lady of the Czech Republic, Mrs Eva Pavlová.
