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6.6.2017
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News

Martin Šolc Receives “Market Maker” Award for His Contribution to the Czech Legal Market

Martin Šolc was the winner of the Market Maker award for the Czech Republic at the 2017 General Counsel Summit in Warsaw for his significant contribution to the Czech legal market. In addition to receiving this first-ever award from CEE Legal Matters, Martin - a founding partner of Kocián Šolc Balaštík (KŠB) - is also the first representative from Central and Eastern Europe to lead the International Bar Association (IBA), the largest worldwide organization of lawyers.
2.6.2017
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News
Disputes

KŠB Wins Civil Lawsuit regarding Power Generation Unit Delivery Contract

KŠB represented the contractor of a North Bohemian powerplant in a dispute with the customer over payment of the contractor’s fee. The dispute also involved the customer’s claim for a contractual fine and fee under an alleged contract for work and executive personnel. KŠB won the dispute and defended the client against the other party’s claims both before the first instance regional court and the high appellate court. 
13.4.2017
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News

KŠB Named Law Firm of the Year for a Fourth Time

Kocián Šolc Balaštík (KŠB) was named Law Firm of the Year in the Czech Republic for a fourth time by renowned British legal rating agency Chambers & Partners in London last Friday. 
6.4.2017
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News
Employment law

ÚČAST KŠB NA ELA KONFERENCI V LUCEMBURKU

5.4.2017
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News

Dematerializované cenné papíry mají novou mezinárodní úmluvu

16.3.2017
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News

Kocián Šolc Balaštík Strengthens Its German Desk

Two attorneys and one junior lawyer join the ranks at Kocián Šolc Balaštík (KŠB) today: German lawyer Rainer Frank as a counsel, Pavla Veselková as an associate, and Petra Dosoudilová as a junior lawyer. 
20.2.2017
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News

KŠB once again nominated as Law Firm of the Year in Chambers Europe Awards 2017

KŠB has been once again nominated for a Chambers Europe Award in the category of best law firm in the Czech Republic. This prestigious award is announced annually by the renowned British ratings agency Chambers and Partners.
10.2.2017
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News
Disputes

Success in legal proceedings for compensation for the excessive length of administrative proceedings

KSB has achieved a significant success in the management of non-pecuniary damages for the excessive length of proceedings on granting a license to do business in waste management, which was respectively decided by the Ministry and Environment Minister, administrative courts and (repeatedly) administrative bodies.
10.2.2017
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News
Financial services
Capital markets

Legal services for MS Invest in bond issue

Law firm KSB providing assistance to the real estate development company Moravian construction - INVEST in a recent issue of discounted bonds.
9.2.2017
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News
M&A

Legal services in the sale of Green Gas International

KSB has provided legal services to the CERCL Green group in connection with the sale of Green Gas International, a major European operator of clean energy projects that focuses on converting harmful methane emissions produced during the extraction of mining and landfill gas to energy benefit. 
30.1.2017
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News

IBA's press release regarding the presidency of Martin Šolc

The International Bar Association (IBA) has issued a press release regarding the presidency of Martin Šolc. The press release is available here: IBA press release
13.1.2017
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News

Sylvie Sobolová and Christian Blatchford Join the Ranks of Kocián Šolc Balaštík Partners

Sylvie Sobolová and Christian Blatchford were newly appointed partners at Kocián Šolc Balaštík (KŠB) effective 1 January 2017. Sylvie and Christian have been with KŠB many years and their appointment expresses KŠB’s appreciation of the many contributions they have made to the firm. In addition, associates Jan Lasák, Vlastimil Pihera and Tomáš Sequens were appointed counsels.
16.12.2016
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News

Another year of successful competition Contract Competition already has its winners

For the fifth year in a row, the Contract Competition, an annual contest for law students, organized by the law firm KSB has taken place. The competition again attracted talented students, who for a brief interval were transported from lecture halls to a hypothetical business environment, in order to have a chance to demonstrate their knowledge in practical situations. The best were competing head to head in the final round, which was held in early December at the Faculty of Law of Charles University.
16.12.2016
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News
Capital markets

Legal advice in connection with the issuance of so-called discounted certificates for the new Rustonka real estate project

KSB assisted during the emission of discounted certificates in the value of approximately CZK 1.4 billion. The issuer of the certificates is a Cypriot company GRAMEXO PLC., which is the 100% owner of the company Rustonka Development s.r.o. Rustonka is a company established for the construction of a complex of several office buildings with a total area of approximately 37,000 square meters on land formerly occupied by the Rustonka factory in Prague-Karlin.
14.12.2016
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News
Pro bono

Thank You for Supporting This Year’s Charity Concert

We would like to express our sincere gratitude to all of our clients, business partners and friends who attended and supported the 22nd Annual Charity Concert of Goodwill on Sunday, 4 December 2016 at Bethlehem Chapel in Prague to raise money for the Olga Havel Foundation. The contributions raised this year will be used for individual projects chosen by the donors themselves. 
14.11.2016
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News
Publications

Martin Šolc for Lidové noviny

In his column in Lidové noviny, KŠB Partner Martin Šolc ponders why some voices interpreting the new private law continue to emphasize that some things are just not possible.
25.10.2016
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News

KSB participates as conference partner in Cashless Society conference and the Startup Summit

KSB has participated as a conference partner in two major autumn conferences.
14.10.2016
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News
M&A
Real estate and construction

Legal Advice on Sale of Centro-Ostrava Shopping Park

KŠB advised Emerging Europe Properties Fund on the share-sale of WOTEG GWG-Group, owner of the Centro-Ostrava shopping park located approximately 6 from the capital of the Moravia-Silesia Region.
12.10.2016
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News
Pro bono

Invitation to the 22nd annual Charity Concert of Good Will organised by Kocián Šolc Balaštík to help support the Goodwill Committee - Olga Havel Foundation.

KŠB would like to cordially invite you to this year’s Concert of Good Will to support one of the most respected foundations in the Czech Republic. The concert promises an outstanding musical experience even on the sad 20th anniversary of founder and former First Lady Olga Havlová’s passing.
6.10.2016
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News

Czech Supreme Court Makes Important Decision in a Labour-Law Case Counselled by KŠB

KŠB Partner Pavel Dejl and his colleagues won an invalid immediate employment termination case for a major agricultural client before the Czech Supreme Court. 
21.9.2016
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News

Martin Šolc, the first Central European to be elected President of the International Bar Association

Martin Šolc, the founding partner of leading Czech law firm Kocián Šolc Balaštík (KSB), has achieved unprecedented success in the field of global advocacy. In Washington, he has been elected President of the International Bar Association (IBA), and with effect from 1 January 2017 will be the first ever representative of the countries of Central and Eastern Europe, to stand at the forefront of the world's largest organization of lawyers.
14.9.2016
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News
Environmental Law
Disputes

Succesful representation of the company Carthamus in proceedings against the State Energy Inspectorate

Law firm KSB successfully represented the company  Carthamus, its long term client, an operator of energy sources working on the basis of biofuel burning, in administrative proceedings initiated by the State Energy Inspectorate  (SEI) concerning an alleged breach of the act on supported energy sources, which was alleged to comprise incorrect declarations of the origin and type of burnt biomass fuel.
7.9.2016
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News
Energy
Financial services

Legal advice in connection with construction of a hydro power plant in Turkey

KŠB provided its client, the major energy company ENERGO-PRO, with comprehensive legal advice concerning the financing of the construction of a hydro power plant in Karakurt, Turkey.
23.8.2016
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News
Aviation and aerospace

KSB advising major airlines

KSB has provided legal advice to airlines Air Canada and China Eastern Airlines in connection with their entry into the Czech aviation market.
18.7.2016
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News

Legal Advice to Lumitrix

KŠB advised Lumitrix, a video mapping software and hardware start-up developer and producer, on a joint-venture with Y Soft Ventures. 
8.7.2016
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News
Aviation and aerospace

KŠB Becomes New Member of L2bAviation

L2bAviation is an international network of lawyers spread over all continents who advise on aviation law. Chambers Global rate the network as the best in aviation law.
23.6.2016
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News
Disputes
Tax

Success for KSB in the proceedings before the European Court of Justice

KSB has been representing Czech Radio in a long running dispute of many years with the Board of the Financial Directorate on the issue of the right to deduct VAT. An important point of contention was whether license fees are in fact a payment for public service broadcasting. Now KSB has achieved another success in the case. The European Court of Justice (ECJ), on the initiative of the Supreme Administrative Court, expressed the view in its decision that license fees are not deemed to be consideration paid for public broadcasting, and therefore fall outside the scope of the directive on VAT.
2.6.2016
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News
Financial services

KSB helps create the first Czech crowdfunding equity platform

In recent days, Fundlift, the first domestic platform focused on equity crowdfunding has launched its operations. It is a joint venture of the financial group Roklen and the investment group Rockaway.
31.5.2016
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News
Disputes

Successful representation of Agrofert

KSB has been representing Agrofert since 2011 in an ongoing dispute against a Luxembourg company European United Bakeries (EUB).  The Municipal Court in Prague has now delivered a first instance decision in favour of Agrofert.
4.4.2016
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News

Jiří Horník and Petr Koblovský Headed to the NYSBA International Section’s Spring Meeting in Krakow

The NYSBA event will take place on 7 – 9 April 2016 and focus on international arbitration/litigation, cross-border contracts, cross-border personal data transfers in the light of the Schrems case, FATCA (Foreign Account Tax Compliance Act), and legal issues surrounding the restitution of property to the victims of communism.
15.3.2016
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News

KŠB hledá nového kolegu na pozici advokátního koncipienta

15.3.2016
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News

KŠB hledá nového kolegu na pozici asistenta daňového poradce

4.3.2016
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News

KŠB once again nominated for Chambers Europe Award

KŠB has been once again nominated for a Chambers Europe Award for Excellence, in the category of best law firm in the Czech Republic. This prestigious award is announced annually by the renowned British ratings agency Chambers and Partners.
25.2.2016
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News
Pro bono

KSB is a proud partner of the Foundation Leontinka

Law firm KSB supported this year's 10th annual benefit project for Leontinka Golf, which is designed to help visually impaired children and students. The Foundation's mission is to facilitate the integration of these children into society, to help them get an education and to enable participation in mainstream social, sporting and leisure activities.
18.2.2016
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News
Competition

The Constitutional Court has agreed with the arguments of KSB in the continuation of the DELTA PEKÁRNY case

The Czech Constitutional Court issued a decision on the inspection of the office space of DELTA Bakery, by the staff of the Office for Protection of Competition (UOHS). It agreed with the decision of the European Court of Human Rights (ECHR), which assessed the case in the autumn of 2014 and which concluded that the aforementioned unannounced inspection (ie.-Dawn raid) by the Office without effective judicial control was illegal.
17.2.2016
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News
M&A

Advice to Karlovarské minerální vody on Acquisition of Selecta Companies

KŠB provided full legal advice to Karlovarské minerální vody (KMV) on its acquisition of Selecta companies operating in the Czech Republic, Slovakia and Hungary.
15.2.2016
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News
Aviation and aerospace

Jiří Horník to Speak at IATA Legal Conference

KŠB Partner Jiří Horník will take part at the IATA’s (International Air Transport Association) 2016 Legal Symposium to be held in Barcelona on 17 through 19 February.
10.2.2016
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News
M&A

KŠB Advised North Bohemia Medical Holding on the Sale of a 100% Stake in Louny Hospital

A team of KŠB attorneys advised North Bohemia Medical Holding in selling its 100% shareholding in Louny hospital to Agel, a member of the Agel group. 
3.2.2016
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News
Corporate law

KŠB Advises on CETIN Squeeze-Out

KŠB has advised on the squeeze-out of minority shareholders from Česká telekomunikační infrastruktura (CETIN) which the company’s board decided on in December 2015 and which took place in January 2016.
22.1.2016
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News
Disputes
Energy

KŠB Energy Client Wins Administrative Proceedings

KŠB advised and successfully represented the company in administrative proceedings in which the imposition of the donation tax regarding allocation of emission allowances in 2011 – 2012 was challenged.
21.1.2016
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News
Energy
Disputes

KŠB Energy Client Alpiq Generation (CZ) Wins Administrative Proceedings

KŠB advised and successfully represented Alpiq Generation (CZ) (“AG CZ”), the operator of power plants in Kladno and Zlín, in administrative proceedings in which the imposition of the donation tax regarding allocation of emission allowances in 2011 – 2012 was challenged.
13.1.2016
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News
Corporate law

O2 Czech Republic Spin-Off Shortlisted for TMT Finance World Award 2015

The spin-off of O2 Czech Republic, which took place last June and in which KŠB played a role, was shortlisted for the TMT Finance World Award 2015, which proves that IT, technology and media experts who were in charge of the shortlist appreciated the complexity, extent and special nature of the unique deal.
11.1.2016
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News
Corporate law

KŠB Advised Tiger Global Management on the Sale of a Minority Stake in Seznam.cz

KŠB advised New York-based Tiger Global Management group on a minority stake transfer deal in which the target company Seznam.cz, a leading Czech online player, acquired shares in itself from Tiger Holding Four and Mirua International.
8.1.2016
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News
Capital markets

KŠB advised J&T BANK on issuing CZK and EUR perpetual bonds

KŠB advised one of the leading Czech private banks on two issues of subordinated unsecured perpetual bonds, one in Czech crowns and the other in euros. The bonds were accepted for trading on the Prague Stock Exchange. 
5.1.2016
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News
Publications

Martin Šolc for Lidové noviny

In his column in Lidové noviny, KŠB Partner Martin Šolc ponders why some voices interpreting the new private law continue to emphasize that some things are just not possible.
5.1.2016
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News

KŠB Partner Dagmar Dubecká to Speak at the IBA’s M&A Conference in Paris

The fourth annual IBA European Corporate and Private M&A Conference, at which Dagmar Dubecká is to speak, will be held on 11 – 12 February 2016 in Paris.
5.1.2016
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News
Publications

KŠB Contributes to the European Privacy Publication

The Employment Law Alliance has issued a summary of European privacy laws which is designed primarily as a handbook for global employers.
18.12.2015
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News

KSB advised Dioscorides Global Holdings, LLC

KSB advised Dioscorides Global Holdings, LLC (DGH) in negotiating, concluding and implementing an Investment Agreement regarding a joint-venture investment into Konomed s.r.o. The commercial purpose of the investment was to finance and commercially participate in a project involving the founding of the International Cannabis and Cannabinoid Institute in Prague.
15.12.2015
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News
Pro bono

Photos from the Charity Concert of Good Will Now Online

We would like to invite you to view some pictures taken during the Charity Concert of Good Will – Olga Havel Foundation, which was well received and greatly enjoyed at the concert hall in the Church of St. Simon and St. Jude in Prague’s Old Town on Sunday, 29 November 2015.
9.12.2015
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News

KŠB Supports 4th Annual Student Contract Competition

KŠB and law student association ELSA recently held the 4th Annual Contract Competition for law school students. Delivery agreements were the topic of this year’s contest.
8.10.2015
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News

KŠB to Be Partner of Payment Card Innovation Conference

This year’s conference, once again held by publisher Economia, will focus on changes, threats and opportunities, which new cashless payment innovations may have for financial institutions, the transport and business sector, and state and regional government.
5.10.2015
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News
Publications

KŠB Lawyers Help Draft New Commentary on Special Court Proceedings Act

The new Commentary includes chapters written by KŠB partner Pavel Dejl and senior associate Radka Felgrová on proceedings involving legal entities and trusts and certain special types of proceedings (involving capital markets and the ban on exercising the rights attached to beneficial securities).
15.9.2015
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News
Disputes
Environmental Law

Penalty Rescinded for KŠB Client

KŠB helped a client win a lawsuit against the Czech Environmental Inspectorate, which had imposed a penalty on the client, an electric device manufacturer, for failure to abide by the Electric Waste Act. The penalty, which the Ministry of Environment confirmed, was rescinded by the Municipal Court in Prague due to being unlawful. 
14.9.2015
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News
Pro bono

Annual Charity Concert of Good Will for the Olga Havel Foundation. This Year With Talented Young Musicians

You can help KŠB support one of the most respected charities in the Czech Republic by joining us to experience the artistic potential of the next generation of Czech opera singers and conductors at the 21st Annual Charity Concert of Good Will, which will take place at the Church of St. Simon and St. Jude in Prague’s Old Town on Sunday, 29 November 2015 at 19:00.
8.9.2015
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News

KSB partner Jiří Horník will address Economic Forum in Krynica

Jiří Horník, KSB partner and aviation law specialist, will participate in a panel discussion themed “Airport 2015 – How to make airports a successful business venture?” at the prestigious economic meeting in the Polish town Krynica Zdrój. 
8.9.2015
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News

KSB partner Jiří Horník will address Economic Forum in Krynica

Jiří Horník, KSB partner and aviation law specialist, will participate in a panel discussion themed “Airport 2015 – How to make airports a successful business venture?” at the prestigious economic meeting in the Polish town Krynica Zdrój. 
27.8.2015
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News
Real estate and construction

Law firm Kocian Solc Balastik advises on the sale of RPG Byty

KSB attorneys advise client on unique real estate transaction. 
29.7.2015
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News
Publications

New legal book by KŠB lawyers

Wolters Kluwer has just published a new comprehensive summary of the most important case-law rulings related to business corporations which apply following the re-enactment of Czech private law. The book was authored by a team of KŠB lawyers led by professor Jan Dědič, a company law specialist.
23.7.2015
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News

PŘIPRAVOVANÉ NEBO PROJEDNÁVANÉ ZÁKONY

23.7.2015
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News

PŘIJATÉ ZÁKONY A ZMĚNY PRÁVNÍCH PŘEDPISŮ

23.7.2015
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News

INFORMACE Z FINANČNÍ SPRÁVY

10.6.2015
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News
Publications

Křest nového komentáře k zákonu o investičních společnostech a investičních fondech

10.6.2015
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Křest nového komentáře k zákonu o investičních společnostech a investičních fondech

2.6.2015
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1.6.2015
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News
Corporate law

Unique Spin-Off Advice to O2 Czech Republic

KŠB has advised O2 Czech Republic a.s. (“O2”) on a spin-off which involved full-scale cooperation with O2 from the initial analysis of relevant legal aspects, drafting the spin-off plan and associated documentation, preparing and convening the general meeting to subsequent steps including registration in the Companies Register.
25.5.2015
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News

INSTRUCTIONS FOR DEFERRING TAX PAYMENTS

25.5.2015
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News

PROTOCOL TO THE DOUBLE TAX TREATY BETWEEN THE CZECH REPUBLIC AND BELGIUM

25.5.2015
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News

TAX CASE LAW (GUIDING DECISIONS)

E-Book VAT Dispute; Supplier’s Financial Condition to Be Considered; Insufficiently Documented Difference between Standard Prices and Transfer Price for Tax Purposes; Employment-Related Financial Benefits
25.5.2015
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News

ELECTRONIC SALES REGISTER

25.5.2015
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News

HOW TO PAY VAT AT THE MINI ONE STOP SHOP (MOSS)

25.5.2015
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News

REAL PROPERTY TAX

25.5.2015
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News

TAX DEDUCTIBUILITY OF EMPLOYER CONTRIBUTIONS

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Aviation and aerospace
Capital markets
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Employment law
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Insolvency and reorganisation
Intellectual property
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Private wealth, tusts, foundations
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30.11.2010
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News

KSB holds specialist seminar on Polish and Czech law in business

On 25 November 2010 Kocián Šolc Balaštík held, in cooperation with the Czech-Polish Chamber of Commerce and Polish law firm Wardyński & Partners, a specialist seminar focused on basic differences in legal regulation of business activities in the Czech Republic and Poland.
29.11.2010
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Publications

Who is afraid of new regulation of private law? Euro No. 45/2010

KSB partner Martin Šolc comments in the weekly Euro on the need to push through the new Civil Code and Act on Corporations. He draws attention to a number of problems caused by existing legal regulations for entrepreneurial environment, for example the existence of two different legal regimes for one and the same agreement, the institute of invalidity of legal acts and others. The whole article can be downloaded here (in Czech only).
25.11.2010
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Publications

How to Enforce Human Rights

KSB partner Martin Šolc, who specializes in advisory on transactions in the field of mergers and acquisitions, has also been performing professional activities for a long time with the International Bar Association (IBA), a leading organization of international legal practitioners, bar associations and law societies, bringing together more than forty thousand attorneys and one hundred and ninety-seven chambers of attorneys on all continents.
25.11.2010
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News

Notification of the Finance Ministry

Notification of the Finance Ministry dated 2 December 2008 on classification of tangible assets into depreciation groups; Decree sets foreign meal allowances for 2009; Information on application of the provisions of Section 36, subsection 11 of the VAT Act
24.11.2010
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News

From Judicature - the European Court of Justice issued in July 2010 a resolution concerning application of VAT to invoices for delivery of goods or provision of services

The European Court of Justice (ECJ) issued in July 2010 a resolution concerning application of VAT to invoices for delivery of goods or provision of services that contain an error that is not in compliance with all conditions imposed by Articles 167, 178, letter a), point 1 and Article 226 of the Council Directive No. 2006/112/EC (“Directive”).
24.11.2010
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News

New bills

Amendment to the Act on Local Financial Authorities: Changes to Respective Roles of Authorities and a Specialized Financial Office
24.11.2010
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News

New bills

Amendment to the Act on Local Financial Authorities: Changes to Respective Roles of Authorities and a Specialized Financial Office
24.11.2010
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News

Notification of the Finance Ministry

Notification of the Finance Ministry dated 2 December 2008 on classification of tangible assets into depreciation groups; Decree sets foreign meal allowances for 2009; Information on application of the provisions of Section 36, subsection 11 of the VAT Act
16.11.2010
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News

KSB is Law Firm of the Year 2010 in the Category of Company and Competition Law

Law firm Kocián Šolc Balaštík has been named leading law firm in the category of company and competition law in the Law Firm of the Year 2010 competition, organized by Epravo.cz.
12.11.2010
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News
Financial services

KSB’s legal services for Banque Privée Edmond de Rothschild Europe

Law firm Kocián Šolc Balaštík provided legal services to the group Banque Privée Edmond de Rothschild Europe in connection with the opening of its agency in the Czech Republic. KSB’s advice focused on in particular preparation and submission of an application to the Czech National Bank for registration of the agency of the group Banque Privée Edmond de Rothschild Europe.
10.11.2010
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News
Energy

KSB provides legal advisory during the development of a mining plant in Vietnam

Law firm Kocián Šolc Balaštík provided legal advisory to TRADE B.G.M. a.s. in connection with its development of a plant for the mining and treatment of kaolin in the city of Dong Hoi in Vietnam, in the approximate value of CZK 450 million.
8.11.2010
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News
Pro bono

This year’s Charity Good Will Concert

Law firm Kocián Šolc Balaštík is again organizing its traditional Charity Concert for the Good Will Committee of the Olga Havel Foundation. The now sixteenth annual concert will be held on 21 November 2010 from 7 p.m. in the Church of St. Simon and St. Jude, Old Town Prague.
22.10.2010
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News
Environmental Law

Supreme Administrative Court confirms legitimacy of lawsuit filed by WEEE collection system operator against Ministry of Environment

Kocián Šolc Balaštík advised REMA Systém, a.s., a waste electrical and electronic equipment collection system operator which won an administrative lawsuit against a decision by the Minister of Environment. The proceedings concerned the refusal of an application to register REMA Systém, a.s. in the so-called List of manufacturers of electrical devices that are to be in charge of ensuring the financing of the disposal and handling of historical electrical devices within class 3 – IT and telecommunications equipment.
5.10.2010
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News

Legal Advice for Pension Funds in Connection with the Amendment to the Pension Insurance Act

Kocián Šolc Balaštík provides ongoing legal advice to Penzijní fond České pojišťovny, a.s., in particular most recently in connection with the amendment to the Pension Insurance Act.
27.9.2010
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Publications

The International Comparative Legal Guide to: Environment Law 2009

Tomáš Sequens and Martin Škrabal prepared a summary of the legal regulations concerning the environment sector in the Czech Republic for the publication The International Comparative Legal Guide to: Environment Law 2009. The publication was issued by the British company Global Legal Group Ltd. The document can be downloaded here
27.9.2010
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Publications

Getting the Deal Through – Gas Regulation 2010

Václav Rovenský and Tomáš Sequens prepared a chapter focused on the Czech Republic for the international publication Getting the Deal Through – Gas Regulation, 2010 edition; the chapter summarizes legal regulations and conditions for business activities on the gas market in the Czech Republic. The publication was issued by the London based market analysis company Law Business Research Ltd. The document can be downloaded here
27.9.2010
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Publications

Getting the Deal Through – Electricity Regulation 2010

Václav Rovenský and Ján Béreš prepared an up-to-date summary of the legal regulations concerning the electroenergy business in the Czech Republic for the publication Electricity Regulation 2010 in the series Getting the Deal Through. The publication was issued by the London based market analysis company Law Business Research Ltd. The document can be downloaded here
27.9.2010
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Publications

Getting the Deal Through – Gas Regulation 2009

Václav Rovenský and Tomáš Sequens drafted as a part of the international publication Getting the Deal Through – Gas Regulation, 2009 edition, a summary of legal regulations and conditions for doing business on the Czech gas market. The publication was issued by the London based market analysis company Law Business Research Ltd. The document can be downloaded here
24.9.2010
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News
M&A

KSB advises during the merger of the professional literature publishing house Linde

Law firm Kocián Šolc Balaštík advised the Linde Group, one of major publishing houses focused on professional legal and economic literature in the Czech Republic, during an intra-group merger.
15.9.2010
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Publications

Breakthrough Tax Resolution. Euro No. 37/2010

Helena Navrátilová, head of the KSB tax team, commented on one of the most recent judgments of the Supreme Administrative Court for the law and taxes section of the weekly Euro. The court has come to the conclusion that interests and other costs of a public limited company in connection with receipt of, and drawing on a loan used to pay dividends to shareholders can be considered as tax deductible.
6.8.2010
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News
Energy

KSB advises Spolchemie in a joint venture project

Kocián Šolc Balaštík provided legal services to Spolek pro chemickou a hutní výrobu in founding a joint venture with the Japanese DIC Corporation, one of the world-wide leaders in the specialty chemicals industry.
30.7.2010
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News
Real estate and construction

KSB provides legal services to sellers during the sale of companies managing 2,700 apartments in Litvínov

Law firm Kocián Šolc Balaštík provided legal consultancy to sellers during the transfer of control over a portfolio of 2,700 apartments in Litvínov. The control of the apartments was taken over by the CPI Group.
29.7.2010
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Publications

Exemption for Merchants. Ekonom, No. 25/2010

Martina Zímová and Ivo Šimeček published an article on the new block exemption for vertical agreements between undertakings in weekly magazine Ekonom. Pursuant to the applicable Commission Regulation, certain vertical agreements (such as agreements between manufacturers and distributors, franchising agreements, etc.) are permitted subject to their compliance with predefined requirements although each one of them could be considered as illegal and, as such, be banned. This applies to all distribution relationships relative to the sale of goods. To download the article (in Czech only) click here
23.7.2010
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News

Kocián Šolc Balaštík Celebrates 20th Anniversary

Kocián Šolc Balaštík was founded 20 years ago on 1 July 1990. The originally small traditional law firm rapidly grew over several years into a dynamic modern law firm which, with a team of seventy lawyers, five tax advisers and over sixty employees, now belongs among the leaders on the Czech market. KSB celebrated its 20th anniversary with clients, business partners and friends in the historical premises of Martinický Palace on Hradčanské náměstí in Prague.
13.7.2010
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News

Notification of the Finance Ministry

Notification of the Finance Ministry dated 2 December 2008 on classification of tangible assets into depreciation groups; Decree sets foreign meal allowances for 2009; Information on application of the provisions of Section 36, subsection 11 of the VAT Act
13.7.2010
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News

New bills

Amendment to the Act on Local Financial Authorities: Changes to Respective Roles of Authorities and a Specialized Financial Office
13.7.2010
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News

On 1 June 2010, the Supreme Administrative Court ruled in Ref. no. 5 Afs 64/2008-156 regarding the right to information on tax exemption or, as the case may be, tax interest and charges,

which occur due to the decision of the Ministry of Finance or the tax office. Entities, which are exempt from tax or tax interest and charges by the state, are in principle recipients of public funds according to the Supreme Administrative Court, and the duty of confidentiality does not apply on information on exemptions within the framework of the tax proceedings.
2.7.2010
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News

Seminar on sending unsolicited commercial communications

On 17 June 2010, Petra Mirovská presented a lecture on behalf of the law firm Kocián Šolc Balaštík on the topic of sending unsolicited commercial communications at a seminar organized by OFFICE HOUSE CZ s.r.o. in Prague. The aim of the presentation was to provide basic practical information on the practice connected with distribution of unsolicited commercial communications.
2.7.2010
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News

KSB legal consultancy in proceedings concerning additional permit of the construction of the logistics center ZeLo in Pardubice

On 30 June 2010, the law firm Kocián Šolc Balaštík was present at the ceremonial opening of the first of five halls of the “Green Meadow Logistic Center” in the Pardubice-Semtín industrial zone built by D+D Park Pardubice a.s.
15.6.2010
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News

Newly approved and effective laws

Discounts on insurance – Act No. 221/2009 Coll. amending Act No. 589/1992 Coll. on Social Security Insurance Contributions and Act No. 586/1992 Coll. on Income Taxes; The Payment System Act; The Amendment to the Act of Administration of Taxes and Fees through the Payment System Act
15.6.2010
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News

Amendments discussed in Chamber of Deputies

Amendment to Act on Administration of Taxes and Fees and Income Tax Act - flat tax-deductible cost on transport; Amendment to Income Tax Act – flat tax-deductible costs for natural person-entrepreneur; New Tax Regulations
15.6.2010
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News

Notification of the Finance Ministry

Notification of the Finance Ministry dated 2 December 2008 on classification of tangible assets into depreciation groups; Decree sets foreign meal allowances for 2009; Information on application of the provisions of Section 36, subsection 11 of the VAT Act
15.6.2010
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News

Amendment to Various Acts Approved by the Senate

Double amendments of Income Tax Act; Amendment to Act on Social Security - discounts on insurance
15.6.2010
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News

Newly submitted Bills

Amendment to VAT Act – reduced rates for restaurant services
15.6.2010
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News

Tax deductibility of costs for financing payout of shares in profit

This special issue of Tax News is to inform you of the latest judgement by the Supreme Administrative Court of the Czech Republic (the “SAC”) No. 5 Afs 25/2009 – 98 dated 25 March 2010. We believe the ruling to be a substantial breakthrough for further review of, and dealing with, costs in terms of determining the tax base. The judgment is available at the SAC’s website: http://www.nssoud.cz/main.aspx?cls=anonymZneni&id=22401&mark=
15.6.2010
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News

From Judicature - on 11 June 2009 the European Court of Justice in the case C-572/07, RLRE Telmer Proper Ltd. commented on the interpretation of services of cleaning common areas of rental housing

Pursuant to the ECJ’s interpretation, the cleaning of common areas cannot be included as a part of housing rental services. Supply of rental apartments is exempt from VAT, but services of cleaning common areas must be subject to VAT.
15.6.2010
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News

From Judicature - On 25 February 2010, ref. No. 4 Ads 120/2009-88, the Supreme Administrative Court resolved on an appeal in the matter of the plaintiff Ježek software s.r.o. against the defendant Česká správa sociálního zabezpečení

The Supreme Administrative Court cancelled the challenged judgment and returned the matter to the Regional Court for further proceedings.
15.6.2010
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News

From Judicature - on 5 January 2010 and under Ref. No. 2 Afs 87/2009-131, the Supreme Administrative Court provided its opinion on deadlines determined by a legal “fiction”

In the event that the date for delivery of a tax administrator’s letter is determined by a legal fiction, i.e. for example ten days after the recipient fails to collect the relevant document and has been appropriately notified in advance that the document was deposited, the date of a statutory holiday or Saturday or Sunday shall may also be considered as the date of delivery.
15.6.2010
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News

From Judicature - on 15 April 2010, ref. No. 7 Afs 15/2010-89, the Supreme Administrative Court ruled on an appeal by the Financial Directorate of Ústí nad Labem

The ruling will affect assessment of the issue as to whether the commencement of a tax audit, without notification of any doubt or suspicion as to compliance with tax duties interrupts the statutory time period within which tax assessments may be made.
15.6.2010
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News

New bills

Amendment to the Act on Local Financial Authorities: Changes to Respective Roles of Authorities and a Specialized Financial Office
15.6.2010
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News

New bills

Amendment to the Act on Local Financial Authorities: Changes to Respective Roles of Authorities and a Specialized Financial Office
9.6.2010
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News

Significant Changes in Public Procurement Law

This major amendment was approved by the House of Representatives on 18 May 2010 subject to the Senate’s proposals for changes. It has been signed by the President of the Czech Republic and is waiting for publication. The amendment contains a set of changes which should increase the transparency of awarding contracts, simplify the current procedures and impose clearer rules on an overall basis for dealing with public funds.
9.6.2010
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News

Amendment to the Commercial Code

The implemented legislative changes apply to unfair competition.
23.4.2010
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News
M&A

KSB advises in acquisition of Česká mincovna

Law firm Kocián Šolc Balaštík advised the Monetica consortium in the acquisition of Česká mincovna, a.s., a traditional manufacturer of coins and medals in circulation and commemorative coins and medals.
27.2.2010
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Publications

International Privacy Guide

Petra Mirovská and Drahomír Tomašuk contributed on behalf of the Czech Republic to the first issue of the new professional publication International Privacy Guide, printed quarterly by the publishing house West, a Thomson Reuters business. The topic of the first issue of the publication is international transfers of personal data and it includes a basic summary of the legal regulations of 26 countries regarding the transfer of personal data to foreign countries. The chapter concerning Czech legal regulations can be downloaded here.
26.2.2010
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News
M&A
Energy

KSB advises in sale of energy assets from NWR Group to Dalkia ČR

KSB assisted New World Resources N.V. in the sale of energy assets concentrated in NWR Energy and its subsidiaries to Dalkia ČR.
25.1.2010
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Publications

Oil Rigs and Bus Stops: A Family Resemblance. The PPP Bulletin, No. 4/2009

Christian Blatchford has contributed an article to the winter 2009 edition of the PPP Bulletin, the quarterly publication of the Public Private Partnership Association in the Czech Republic. The article compares PPP projects with other projects from the area of project finance in an attempt to throw light on an area in which for many in the Czech Republic remains unfamiliar. The article can be downloaded here
13.1.2010
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News

Martin Krejčí becomes new KSB Partner

Martin Krejčí, a KSB lawyer of many years standing, became a partner effective 1 January 2010. The firm now has nine partners and almost seventy legal and tax specialists.
6.1.2010
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News

VAT CHANGES 2010

Information on the main changes to the VAT Act effective from 1 January 2010.
4.1.2010
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News

KSB recognized by IFLR 1000 as leading law firm in Czech financial law

IFLR 1000 – The Guide to the World’s Leading Financial Law Firms, an international annual publication ranking leading law firms in corporate and financial law, announced its rankings for 2010. Law firm Kocián Šolc Balaštík has been recommended in all categories ranked by IFLR 1000.
23.12.2009
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Internet gambling restrictions permissible

Judgment of the Court of Justice in Case C-42/07- reference for a preliminary ruling - Liga Portuguesa de Futebol Profissional, Bwin International Ltd, (Bwin) vs. Departamento de Jogos da Santa Casa da Misericórdia de Lisboa  (Santa Casa)
23.12.2009
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News

Free-of-Charge Allowances in the New Emission Trading System

At the end of September, the European Commission published a draft list of sectors which could receive free of charge up to 100% of emission allowances even after 2013; in 2013, the European greenhouse gas emission trading system is to enter into a new stage in which the free-of-charge allocation of allowances based on the National Allocation Plans shall be replaced by the purchasing thereof in Europe-wide auctions. However, revised Directive 2003/87/ES approved within the climate-energy package in December of last year counts on some exemptions. One of them shall apply to industries which may, as a result of more stringent constraints, move outside of the EU to third countries in which climate protection is not that strict; such industry relocation would not only result in a loss for the EU economy but it would also negate the endeavours for emission reduction which would increase uncontrollably in such third countries.
23.12.2009
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News

Scheme for greenhouse gas emission allowance trading

Decision by the Court of First Instance dated 23 September 2009 re. T‑183/07 Poland v the Commission of the European Communities and re T‑263/07 Estonia v the Commission of the European Communities The Court of First Instance stated in the decisions referred to above that the European Commission has no right to order Member States on the amount of greenhouse gas emission allowances that they may issue in a given period. The Commission is therefore afraid of the verdict having a substantially adverse impact on the EU strategy for combating climate changes.
23.12.2009
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News

Reduced Information Obligations in the Case of Mergers and Divisions

Directive 2009/109/EC of the European Parliament and of the Council of 16 September amending Council Directives 77/91/EEC, 78/855/EEC and 82/891/EEC, and Directive 2005/56/EC as regards reporting and documentation requirements in the case of mergers and divisions (published in Official Journal No. L 259) was adopted on 16 September 2009. It is yet another Commission measure to support business and enhance the competitiveness of companies by reducing the administrative burden and the costs resulting therefrom. The new legislation also leaves it up to the companies or their shareholders to decide what reports they actually need. The simplified reporting and documentation requirements is primarily reflected in the Third (78/855/EEC) and Sixth (82/891/EEC) Company Directive which apply to, and lay down the rules for, national mergers and divisions.
23.12.2009
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News

Proposals to enhance supervision over the European Financial Sector; the so-called financial package

On 23 September 2009, the European Commission presented legislative proposals to enhance supervision over the European Financial Sector. The proposals are based on a report by Jacques de Larosièr, the former Managing Director of the International Monetary Fund, and his recommendations, which define a more efficient and integrated supervisory framework that would operate on a cross-border, European level. The new supervision architecture focuses on future sustainable reinforcement of financial stability throughout the entire EU, harmonising rules and creating coherent supervisory practice and enforcement, identifying systemic risks in early stage, enhancing cooperation in extraordinary circumstances and resolving disputes, if any, between supervisory authorities.
23.12.2009
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News

Avoiding Financial Crises – Stricter Capital Rules on Banks

Directive 2009/111/EC of the European Parliament and of the Council of 16 September 2009 amending Directives 2006/48/EC, 2006/49/EC and 2007/64/EC as regards banks affiliated to central institutions, certain own funds items, large exposures, supervisory arrangements, and crisis management took force on 7 December 2009. The Directive amendment applicable to capital requirements is primarily a response to shortcomings revealed by the financial crisis, one of them being the due functioning of the supervision over cross-border bank groups; the major changes thus do not involve only banks and other regulated parties, but the very regulators themselves. The other areas to which the amendment applies include exposure rules, liquidity risk management, application of hybrid capital instruments in capital management and the requirements for securitization transactions.
18.12.2009
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News
M&A

KSB takes part in an international merger

Kocián Šolc Balaštík assisted in the international merger of PHL Správní a.s. with Cyprus-based CIMEX FRANCHISE MANAGEMENT LIMITED.
30.11.2009
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News
Pro bono

Traditional Charity Concert of Good Will

Kocián Šolc Balaštík organized its fifteenth annual Charity Concert of Good Will for the benefit of the Good Will Committee – Olga Havel Foundation. The concert was held on 22 November in the Church of St. Simon and St. Jude in Prague’s Old Town.
24.11.2009
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News

Notification of the Finance Ministry

Notification of the Finance Ministry dated 2 December 2008 on classification of tangible assets into depreciation groups; Decree sets foreign meal allowances for 2009; Information on application of the provisions of Section 36, subsection 11 of the VAT Act
24.11.2009
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News

International Tax Relations

For the taxation period commencing 1 January 2008,  a newly concluded double-tax treaty between the Czech Republic and the Hashemite Kingdom of Jordan, which also prevents tax evasion in the area of income taxes, became effective.
24.11.2009
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News

Newly submitted bills

Amendment to the VAT Act in the Chamber of Deputies; The Act on Financial Administration of the Czech Republic and the Act on Customs Administration
24.11.2009
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News

From Judicature - resolution of the Supreme Court dated 9 September 2009, No. 2 Afs 58/2009-85 on the illegality of a request for elimination of doubt

Pursuant to the resolution of the Supreme Court dated 9 September 2009, No. 2 Afs 58/2009-85, a request for elimination of doubt based on the provisions of Section 43 of Act No. 337/1992, Coll., on Tax Administration and Collection, is illegal if it does not contain concrete specified doubt for subsequent refutation by the taxpayer.
24.11.2009
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News

From Judicature - resolution by the Constitutional Court on the possibility to review by a court resolution on tax forgiveness

Pursuant to a resolution by the Constitutional Court, resolutions on tax forgiveness based on the provisions of Section 55a of Act No. 337/1992, Coll., on Tax Administration and Collection can be reviewed by a court.
24.11.2009
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News

Newly approved and effective laws

Discounts on insurance – Act No. 221/2009 Coll. amending Act No. 589/1992 Coll. on Social Security Insurance Contributions and Act No. 586/1992 Coll. on Income Taxes; The Payment System Act; The Amendment to the Act of Administration of Taxes and Fees through the Payment System Act
20.11.2009
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News

KSB recognized as Leading Law Firm of 2009 in company law and competition law

In the second year of the Leading Law Firm of the Year Competition organized by EPRAVO.CZ under the auspices of the Czech Bar Association, law firm Kocián Šolc Balaštík was awarded the leading law firm in the fields of company law and competition law for 2009.
18.11.2009
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News

Simplifying regulation of limited companies in the amendment to the Commercial Code

The amendment, which was published under Act No. 215/2009 Coll., and took force and effect on 20 July 2009, is primarily harmonizing in character. The majority of changes arise from implementation of the Amendment to the so-called Second Company Law Directive and simplify certain aspects of provisions applicable to limited liability companies. The main changes include the reduction of requirements to valuate asset contributions, requirements for so-called financial assistance and acquisition of own shares.
18.11.2009
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News

Changes in Competition Law from 1/9/2009

The amendment to the Act on the Protection of Economic Competition (published under Act No. 155/2009, Coll.) brings existing Czech regulations in line with EC competition law. The amendment applies to a number of provisions and specifies or replaces their wording with the aim of removing existing differences of application and interpretation. In addition the amendment implements certain new “European” institutes, in particular the simplified proceedings on obtaining approval for concentration of undertakings and sector-related surveys. The proceedings before the Antimonopoly Office shall be regulated in greater detail while the provisions on sanctions have been completely revised.
15.10.2009
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News
Aviation and aerospace

KSB advises UNIMEX-TVS consortium in privatization of Czech Airlines

Law firm Kocián Šolc Balaštík is representing the UNIMEX-TVS consortium, consisting of UNIMEX GROUP, a.s. and Travel Service, a.s., during the privatization process of Czech Airlines.
11.9.2009
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News

Newly approved and effective laws

Discounts on insurance – Act No. 221/2009 Coll. amending Act No. 589/1992 Coll. on Social Security Insurance Contributions and Act No. 586/1992 Coll. on Income Taxes; The Payment System Act; The Amendment to the Act of Administration of Taxes and Fees through the Payment System Act
11.9.2009
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News

Notification of the Finance Ministry

Notification of the Finance Ministry dated 2 December 2008 on classification of tangible assets into depreciation groups; Decree sets foreign meal allowances for 2009; Information on application of the provisions of Section 36, subsection 11 of the VAT Act
11.9.2009
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News

International Tax Relations

For the taxation period commencing 1 January 2008,  a newly concluded double-tax treaty between the Czech Republic and the Hashemite Kingdom of Jordan, which also prevents tax evasion in the area of income taxes, became effective.
11.9.2009
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News

Newly submitted bills

Amendment to the VAT Act in the Chamber of Deputies; The Act on Financial Administration of the Czech Republic and the Act on Customs Administration
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