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23.7.2024
News
Financial services

Assistance to J&T Banka in refinancing CENTRO Nitra

KSB's team led by Josef Kříž recently advised J&T Banka on the refinancing of CENTRO Nitra, a shopping centre in Nitra (Slovakia).
15.7.2024
News
M&A
TMT

KSB advises Seyfor on two more acquisitions

KSB's team recently advised long-term client Seyfor (formerly Solitea) on two additional acquisitions, this time in the area of recruitment software solutions.
27.6.2024
News
Employment law

Kateřina Štěpánková Joins KSB's Labour-Law Team

We are pleased to announce that Kocián Šolc Balaštík’s team has been strengthened by a new specialist in labour law, Kateřina Štěpánková.
26.6.2024
News
M&A

KSB Represents Dagmar Havlová in Entry of New Investor into Lucerna Palace

We are proud to have been at the beginning of a new chapter in the history of Lucerna Palace, an iconic place at the heart of Prague's cultural and social life. This transaction is not just an ordinary deal; it is a fusion of tradition with modernity, history with vision. Lucerna Palace, with its rich cultural heritage and unmistakable Art Nouveau style, opens the door to new opportunities and experiences.
13.6.2024
News
Environmental Law

Successful Complaint to the European Commission against the Czech Republic and EKO-KOM Concerning Packaging Waste

KSB, on behalf of its client REMA AOS, has successfully brought a complaint to the European Commission to investigate whether the Czech Republic, acting through the Ministry of the Environment, violated its obligations under EU law by creating an anti-competitive environment in the packaging sector in favour of EKO-KOM.
30.5.2024
News
M&A
TMT

Advising on the Sale of Webglobe

KSB's team (Drahomír Tomašuk, Ján Béreš and Josef Novotný, supported by Karolina Vosátková, Viktor Zelinka, Jaroslav Zahradníček and Patricie Stará) advised Igor Střeček and Sandberg Capital (Jakub Krajčovič) on the sale of the Czech part of Webglobe. The new owner is group.one, a Swedish group which is one of the best-known cloud and hosting services companies. Barger Prekop advised the seller on the transaction in Slovakia and Moravčevič, Vojnovič and Partners advised in Serbia.
23.5.2024
News
M&A
Real estate and construction

Kocián Šolc Balaštík Law Firm advises J&T Bank in CPI PROPERTY GROUP's Hotel Joint Venture and Stake Sale Transaction

KŠB Law Firm is pleased to announce its advisory role in facilitating the recent transaction between CPI PROPERTY GROUP ("CPIPG") and Best Hotel Properties ("BHP") regarding the joint venture and stake sale of a portfolio of eight hotel properties in the Czech Republic.
14.5.2024
News
Capital markets

KSB Advises SMV Invest on One of First Issues of Non-Bank Perpetual Certificates in Czech Republic

Vlastimil Pihera and Josef Kříž assisted SMV Invest Group on a unique issue of perpetual certificates. Combining years of knowledge in investment and real estate development, the Group focuses on finding interesting locations, land, and real estate units for development, especially in Prague and its surroundings, and on their financing by retail clients.
27.3.2024
News
M&A
TMT

KSB Advises Seyfor on Another IT Transaction

KŠB’s team led by Ján Béreš, supported by Drahomír Tomašuk and Josef Novotný, assisted our long-term client Seyfor in another IT acquisition. This time, Seyfor acquired a 35% stake in Digitask, a company owned by Filip Dřímalka, a well-known promoter of digital innovation. Digitask focuses on customers who want to accelerate the transformation of their business processes by implementing advanced AI technologies.
18.3.2024
News
Real estate and construction

KSB provides assistance in lease negotiations of the Corinthia Prague hotel

KSB's team (Jiří Horník, Václav Rovenský, Michal Hanuš, Yelizaveta Volodina) helped Corinthia Group negotiate a long-term lease of the building where the five-star Corinthia Prague hotel currently operates. With 539 rooms, the Corinthia Prague building is one of the leading hotels in the Czech Republic and one of the largest properties in Prague. 
14.3.2024
News

KŠB Celebrates Unprecedented Success in Chambers Europe 2024 Rankings

It's good to be excellent, but it's even better to strive for continuous advancement. We proudly announce our most remarkable achievement to date in the Chambers Europe rankings. KSB has not only confirmed the strong position but even elevated its standing. This year, our law firm has secured outstanding rating in a record-breaking 11 categories and 11 ranked experts, marking an unprecedented milestone in our firm’s history further enhanced by the nomination for the prestigious Chambers Europe Awards 2024. We are particularly proud of our newly achieved rankings in Intellectual Property and Real Estate.
16.2.2024
News

KSB successful in Chambers Global 2024

In the recently published "Chambers Global 2024 Guide" published by Chambers & Partners, KŠB and its representatives are recommended in all four categories rated in the Czech Republic, namely: Banking Corporate/M&A Capital Markets Dispute Resolution
8.2.2024
News
M&A
Tax

Assisting the owners in the sale of ANESAN

KSB's team led by Drahomír Tomašuk and Ján Béreš, with the support of Jan Černohouz, provided the owners of ANESAN with comprehensive legal advice on the sale of 100% of the company. ANESAN operates a long-term acute care hospital in Český Brod, which is the oldest healthcare facility of its kind in the Czech Republic. ANESAN’s facility is located on the premises of the Český Brod hospital and has a total capacity of 15 beds and a highly specialized team of doctors and nurses. The buyer is the Penta Hospitals CZ group.
5.2.2024
News

KŠB once again on the shortlist for the Chambers Europe Awards

We are thrilled to announce that we have once again secured a coveted spot on the shortlist for the Chambers Europe Awards 2024, which recognizes outstanding achievements in the legal industry. This marks our return to the shortlist for the Czech Republic Firm of the Year, and we couldn't be prouder, particularly because we are the sole Czech law firm among the nominees.
25.1.2024
News
Aviation and aerospace

Jiří Horník participates in a business mission in the USA

KSB partner Jiří Horník, one of the few experts in aerospace law in the Czech Republic, is one of the participants in a business delegation that visited the USA this week on the occasion of a business trip of the Minister of Transport Martin Kupka. 
15.1.2024
News
Capital markets

KSB Drafts First EU Prospectus for Nemomax Growth Fund

A team led by Vlastimil Pihera and Josef Kříž advised real estate investment fund Nemomax on its first EU growth prospectus. With fund capital of almost one billion Czech crowns, the investment fund focuses on investments in real estate projects in the Czech Republic, mainly in the residential housing sector, and is managed by Avant, a leading Czech investment company.
15.1.2024
News
M&A
Energy

Advising J&T Group on Sale of FVE Holding

One of the ways we successfully closed last year was by settling a deal between our client J&T Group and EPH Group. Our colleagues, led by associate Jana Guričová from partner Martin Krejčí's team, spent several months working on the sale of FVE Holding.
21.12.2023
News
M&A

Advice on the acquisition of FVE Cihelna s.r.o

KSB team (Martin Krejčí, Jakub Porod, Zuzana Slabá) provided advice on the acquisition of the photovoltaic power plant FVE Cihelna s.r.o. for a consortium of private individuals.
20.12.2023
News
Real estate and construction

KŠB Advises J&T Arch Investments on Investment in Luxury Hotel in London

Qualified investors fund J&T Arch Investments has invested in BHP Hotels fund, which acquired a 45% stake in luxury hotel The Westminster London, Curio Collection by Hilton. Located in central London, the five-star hotel is within walking distance of a number of major landmarks.
20.12.2023
News
Private wealth, tusts, foundations

KSB Advises on Establishing Eva Pavlová’s and Václav Cigler’s Endowment Funds

Two trust funds – Eva Pavlová’s Endowment Fund and Václav Cigler’s Endowment Fund – have been set up with KŠB’s assistance (Vlastimil Pihera and Jana Guričová with the support of Hana Heroldová and Milada Kürtösiová).
15.12.2023
News
Financial services
Capital markets

Advice on Billion-Crown Refinancing of FIDUROCK Group

KSB's team of Josef Kříž and Vlastimil Pihera provided extensive legal advice on the refinancing of the FIDUROCK Group, where the value of the financing obtained can reach up to CZK 1 billion.
7.12.2023
News
M&A
TMT

Advice to Seyfor Group on Expanding its Portfolio

Seyfor Group, one of Europe's largest ICT solutions providers and KSB’s long-standing clients, has once again expanded its portfolio. This time it has acquired a 100% stake in the company KS – program.
27.11.2023
News
M&A

Advice to Jet Investment Group on Acquiring Likov

KSB's team led by Jan Lasák and Ján Béreš recently advised Jet Investment on expanding its investment portfolio. Jet Investment’s Jet 3 Qualified Investor Fund acquired a 70% stake in Likov, a successful Czech family-owned leading manufacturer of building profiles for external building insulation systems.
14.11.2023
News
Pro bono

Charity Concert of Good Will

The 28th Charity Concert of Good Will, which Kocián Šolc Balaštík has organised since 1995 to help support the Goodwill Committee - Olga Havel Foundation, took place on Sunday, 12 November 2023 traditionally at the Church of St. Simon and St. Jude in Prague’s Old Town.
16.10.2023
News

Contract Competition 2023

11.10.2023
News
Pro bono

28th Charity Concert of Good Will

The 28th Charity Concert of Good Will, which Kocián Šolc Balaštík has organised since 1995 to help support the Goodwill Committee - Olga Havel Foundation, will take place on Sunday, 12 November 2023 at 19:00 at the Church of St. Simon and St. Jude in Prague’s Old Town.
4.9.2023
News

KŠB becoming member of Three Seas Legal Alliance

In recognition of the progress that is being made with the Three Seas Initiative we are pleased to announce that Kocián Šolc Balaštík became a member of a group of leading law firms from each country in the Initiative that have come together to support the Initiative and the needs of clients with regard to it.
31.8.2023
News
M&A
TMT

Assisting Webglobe in the acquisition of eBola.cz

The KSB team (Drahomír Tomašuk, Jana Guričová and Karolina Vosátková) assisted in another major IT acquisition. Our client, Webglobe, acquired the web hosting company EBOLA Czech, known under the brand name eBola.cz.
28.8.2023
News
Private wealth, tusts, foundations

KSB Advises on Establishing Tišina Endowment Fund

Vlastimil Pihera and Sabina Prokopová assisted in establishing and incorporating the Tišina Endowment Fund. The founders – Ivana Štefková, Barbora Dvořáková and Markéta Trubačová – aim to provide a platform for people who have experienced a significant upheaval in their lives and also for artists and creators who, for various reasons, cannot devote themselves to their work.
28.7.2023
News
Environmental Law

KŠB Successfully Assists REMA System in Obtaining Authorization to Operate Collection System for Electrical Equipment

KŠB’s team led by Tomáš Sequens and Petra Mirovská was successful in assisting our long-standing client REMA Systém, a.s. with obtaining authorization from the Ministry of the Environment to operate a collection system for ensuring the obligations of manufacturers of electrical equipment under the new End-of-Life Products Act for all groups of electrical equipment, including solar panels, for which it previously did not have authorization.
25.7.2023
News

8th Annual Summer School of Commercial Law Recently Held

In cooperation with Masaryk University, KSB participated in the 8th Annual Summer School of Commercial Law. The summer school is attended by law school students not only from Masaryk University, but also from Palacký University and Charles University. The week-long event includes lectures by speakers from the Czech Bar, as well as from the judiciary and the academic environments, providing students with an exceptional opportunity to gain insight into various areas of the legal world. 
21.7.2023
News
Corporate law

Assisting the Pražská plynárenská group with intra-group restructuring

The KSB team led by Jan Lasák assisted the Pražská plynárenská group with the intra-group restructuring and the creation of a new holding structure including, among others, the down-stream merger of Pražská plynárenská holding a.s. and Pražská plynárenská, a.s.
27.6.2023
News
Environmental Law

KSB Partner Tomas Sequens is one of the Faces of Sustainability

In cooperation with the Euro magazine, the Sustainability Project has been presenting Faces of Sustainability - the only Czech overview of sustainability experts since 2022. The 150 experts include representatives of the largest companies, government and non-profit sectors. KSB partner Tomáš Sequens is one of them.
23.6.2023
News
Publications

KSB authors contributed to a brand new edition of the monograph "Joint Stock Companies"

KSB partners Professor Jan Dědič, Jan Lasák and Vlastimil Pihera have contributed to the collective monograph "Joint Stock Companies" published by C. H. Beck. The publication deals with the legal regulation of a joint stock company from its foundation and formation, through the functioning of the company itself, its bodies and their members, including the rights and obligations of shareholders, the regulation of shares, the issue of share capital and its changes, to the dissolution of the company and its termination. 
13.6.2023
News
Private wealth, tusts, foundations

KSB Helps Václav Havel Library Change Its Legal Form

KSB’s team, led by Vlastimil Pihera, has advised the Václav Havel Library on a rare change of legal form from a public benefit corporation to a foundation, while maintaining all of its ongoing activities and projects.
12.5.2023
News

KŠB Founding Partner Martin Šolc Inducted into the Czech Lawyers Hall of Fame

We are pleased to announce that KŠB founding partner Martin Šolc was inducted into the Legal Hall of Fame at yesterday's 17th Lawyer of the Year Gala. Each year, a prominent figure from the legal community is inducted into the Legal Hall of Fame for his or her lifetime contribution to Czech law.
9.5.2023
News
Capital markets

Drafting EU Growth Prospectuses for Avant Investment Group

KŠB’s team led by Vlastimil Pihera and Josef Kříž assisted Avant Financial Group in drafting two EU growth prospectuses. The company that controls Avant, a leading Czech investment company, will use the respective issues to finance its acquisition activities in order to further develop the group. 
28.4.2023
News
Real estate and construction
M&A

Advising ARETE on the acquisition of an industrial site in Milovice

KSB's team (Jiří Horník, Jakub Porod, Zuzana Slabá) advised a long-standing client, the real estate investment group ARETE, on further expanding its portfolio of industrial sites. ARETE Group has long been focusing on real estate investments in the CEE region through its investment funds. It is currently investing through the 3rd investment fund ARETE INDUSTRIAL, whose portfolio now includes a newly purchased industrial hall near Milovice in Central Bohemia with an area of more than 8,000 sqm and additional land for future expansion with an area of over 22,000 sqm.
24.4.2023
News
TMT
M&A

Advising Sandberg Capital on Major Education Transaction

KSB's team led by Drahomír Tomašuk and Ján Béreš with assitance of Josef Novotný advised on another major IT and education transaction. This time, we advised our client Sandberg Capital on its investment in the Czech kindergarten management application Twigsee.
18.4.2023
News

Legal 500 recommends KSB in ten areas for 2023

After being awarded in the Chambers Europe 2023 ranking, KSB is again among the top-ranked law firms in the Czech Republic, this time according to the latest publication "The Legal 500 EMEA 2023". We succeeded in the following ten out of eleven researched areas.
18.4.2023
News
Private wealth, tusts, foundations

KSB helps to establish the first Czech charity auction platform Dobrobot

After assisting with the establishment of new startup Flatform, KSB's team (this time Vlastimil Pihera, Lucie Kretková and Lubor Černý) recently helped in creating the first Czech charity auction platform Dobrobot, whose aim is to connect non-profit organisations, companies and donors through digital technologies and online auctions. It also offers non-profit organisations a tool to increase their income and supports their operations and development.
4.4.2023
News
Employment law

Fundamental conclusions of The Court of Justice of the European Union

The Court of Justice of the European Union in its judgment of 2 March 2023 in Case C-477/21 made fundamental conclusions regarding the provision of uninterrupted weekly rest and uninterrupted daily rest to employees. The conclusions made are relevant for shift planning, especially if employees work in shift patterns, also in the Czech Republic.
30.3.2023
News
TMT

KŠB assists in developing new start-up Flatform

KŠB’s team (Vlastimil Pihera, Ota Mach, Josef Novotný and Jaroslav Zahradníček) was involved in the creation of new start-up Flatform. The platform gives prospective tenants a chance to rent an apartment or living premises without having to pay large security deposits and allows landlords to screen tenants and gives them higher damage coverage through the platform's financial guarantee.
20.3.2023
News
Real estate and construction

Advice on Land Sale in Uhříněves

Jiří Horník and Dana Jacková advised the seller on the sale of 7500 m² of land in Uhříněves, Prague, near the Uhříněveská game reserve. 
17.3.2023
News

KŠB Succeeds in Chambers & Partners Ranking Once Again

In the recently published Chambers Europe 2023, KŠB and its lawyers are recommended in nine areas. The yearbook is the result of an analysis of a number of criteria, with the greatest weight given to the experience and opinions of clients themselves.
23.2.2023
News

Simona Hornochová to Head the Czech General Financial Directorate

Our colleague Simona Hornochová, who has been a member of KŠB’s tax team since 2018, has successfully passed the selection process and will be appointed the new Director of the Czech General Financial Directorate. 
14.2.2023
News
Real estate and construction

Advising ARETE Group on Expansion of Logistics Park in Rokycany

KSB's team (Jiří Horník, Jakub Porod, Zuzana Slabá) advised KSB's long-standing client, ARETE Group, on the acquisition of land for the expansion of ARETE’s logistics park in Rokycany. A modern hall is to be developed on the new land in the ARETE Park Rokycany 2 industrial park. The facility will offer almost 30,000 sqm of modern warehouse and office space. The project will also comply with ESG standards in line with the ARETE Group's strategy. The premises will be rented out on a long-term basis to the Duvenbeck Group, an international provider of comprehensive logistics services.
7.2.2023
News
M&A
TMT

Advising Sandberg Capital on the acquisition of Phase

KSB's team (Drahomír Tomašuk, Ján Béreš, Pavel Dejl, Martin Vráb, Karolina Vosátková) advised Sandberg Capital on another acquisition, namely a 70% stake in Phase. We advised on the Czech aspects of the transaction, including the merger clearance application from the Czech Competition Authority. The transaction advisory in Slovakia was led by PWC Slovakia.
24.1.2023
News
Real estate and construction

KSB Advises National Theatre in Construction Proceedings

We were honoured to provide legal advice to the National Theatre in obtaining a building permit for the redevelopment of the National Theatre’s New Stage and Operations buildings.
20.1.2023
News
M&A

BiQ Group Acquires PUXdesign

KSB’s team advised Lukáš Novák's investment group InTeFi Capital, namely its technology division BiQ Group, on the acquisition of PUXdesign. PUXdesign specializes in web technologies and its clients include well-known brands such as Heineken, Škoda auto and Komerční banka.
13.1.2023
News

Petra Mirovská and Miloslav Petrů become new KSB counsels as of 1 January 2023

Petra Mirovská has been a lawyer since 2006 and focuses on litigation and administrative proceedings in various legal areas including waste management, energy and the environment. In addition, she specialises in intellectual property law, including unfair competition in this area, e-commerce and regulation of digital platforms.
11.1.2023
News
M&A
Real estate and construction

JTZE (J&T Agriculture and Ecology) becomes number two on the Czech agricultural market

KSB's team advised JTZE (J&T Zemědělství a Ekologie) on the acquisition of a total of 11 companies under Spearhead Czech and Spearhead Slovakia. The companies, located in the vicinity of Kardašova Řečice, Jihlava, Hradec Králové, Olomouc and Nitra in Slovakia, are primarily active in the field of crop and livestock production.
3.1.2023
News
Corporate law

Advice on Restructuring in ŠKODA AUTO Group

A team led by Jan Lasák advised ŠKODA AUTO DigiLab s.r.o., a ŠKODA AUTO Group company, on an intra-group restructuring.
22.12.2022
News
Aviation and aerospace

KSB advises Aero Vodochody

Aero Vodochody AEROSPACE enjoyed the benefits of KSB's broad aviation industry experience in a recent matter, when Jiří Horník and Ota Mach prepared draft contractual documentation used in the sale of a new type of L-39NG aircraft.
22.12.2022
News
Pro bono

27th Charity Concert for the Committee of Good Will - Olga Havlova Foundation

On Sunday, 4 December, the 27th Charity Concert of Good Will, which we have been organising since 1995 for the benefit of the Committee of Good Will - Olga Havlova Foundation, took place in the concert hall of the Church of St. Simon and Jude in Prague's Old Town.
22.12.2022
News
M&A

Advising J&T ARCH INVESTMENTS on Acquisition of Shares in Moneta Money Bank

A team led by Jan Lasák advised J&T ARCH INVESTMENTS on the acquisition of a stake in leading Czech bank Moneta Money Bank. The fund already purchased 8.89% from Petrus Advisers in July. The second stage of the transaction and the acquisition of another 1.1% stake was completed on December 23. The fund has received approval from the Czech National Bank to acquire up to 19.99%.
7.12.2022
News
Capital markets

Assisting J&T IB and Capital Markets

KŠB's team (Vlastimil Pihera, Martin Krejčí, Matúš Kovačič and Tomáš Trávníček) advised J&T IB and Capital Markets, a.s., as the arranger, on another issue of unsecured unsubordinated book-entry bonds, this time by J&T ARCH CONVERTIBLE SICAV, a.s., with the total value of up to CZK 1 billion and an option to increase by as much as an additional 100%.
1.12.2022
News
M&A
TMT

Assistance on another IT transaction

KSB’s team (Drahomír Tomašuk, Ján Béreš, Pavel Dejl, Martin Vráb, Karolina Vosátková) recently assisted our long-term client, Solitea, in another IT acquisition. This time Solitea focused on expansion in the Slovak market, acquiring vehicle monitoring company Commander Services.
1.12.2022
News
M&A

Advising J&T Banka on its entry and acquisition of a majority share in AMISTA investiční společnost

KSB’s team (Vlastimil Pihera, Jana Guričová, Martin Vráb, Karolina Vosátková) advised J&T BANKA a.s. on its entry and subsequent acquisition of a majority share in AMISTA investiční společnost a.s., one of the largest Czech managers and administrators of qualified investor funds. 
2.11.2022
News
Real estate and construction

VGP expands warehouse space in Slovakia and Hungary

Jiří Horník and Richard Hamran recently advised VGP Group, a leading developer and owner of logistics facilities, on expanding its warehouse space in Slovakia and Hungary.
31.10.2022
News
M&A
TMT

Assisting Sandberg Capital in the acquisition of a majority stake in Green Fox Academy

KSB’s team led by Drahomír Tomašuk and Jana Guričová advised on another major acquisition in the IT and education sector. KSB client Sandberg Capital acquired a majority stake in Hungarian company Green Fox Academy, which also operates in the Czech Republic.
19.10.2022
News
Aviation and aerospace

KSB and PwC Legal Czech Republic continue to assist the European Union Space Programme Agency (EUSPA)

KSB’s and PwC Legal Czech Republic’s teams will continue to provide legal advice to the European Union Space Programme Agency (EUSPA) over the next four years. EUSPA manages the European Global Navigation Overlay Service (EGNOS) and Galileo programmes, and is involved in the Copernicus Earth observation programme, and the European Union Government Satellite Communications Programme (GOVSATCOM).
14.10.2022
News

Contract Competition 2022

14.10.2022
News
Intellectual property
Real estate and construction

Assistance to the Bjarke Ingels Group in the Vltava Philharmonic project

The KSB team (Václav Rovenský, Tomáš Trávníček) represented one of the world's leading architectural studios, Bjarke Ingels Group (BIG), in the preparation and negotiation of the contract for the architectural study, project documentation and related activities for the Vltava Philharmonic Hall project.
13.10.2022
News
Pro bono

27th Charity Concert of Good Will

The 27th Charity Concert of Good Will, which Kocián Šolc Balaštík has organised since 1995 to help support the Goodwill Committee - Olga Havel Foundation, will take place on Sunday, 4 December 2022 at 19:00 at the Church of St. Simon and St. Jude in Prague’s Old Town.
6.10.2022
News
M&A
TMT

KSB Advising Solitea on the acquisition of VASCO and Gesteem Society

KSB's team (led by Drahomír Tomašuk and Ján Béreš, supported by Josef Novotný for the transactional part and due diligence, and furthermore consisting of Jaroslav Zahradníček, Viktor Zelinka and Denisa Josefiková for due diligence and Pavel Dejl, Martin Vráb and Karolina Vosátková for competition issues) advised its long-term client, Solitea, on the acquisition of two other IT companies.
4.10.2022
News
Capital markets
Financial services

KŠB Advises J&T Banka on Rohlík Group Bond Issue

KŠB's team (Martin Krejčí, Vlastimil Pihera, Josef Kříž, Jana Guričová and Matúš Kovačič) advised J&T Banka on a CZK 1 billion increase of the Rohlík Group's bond issue. The prospectus that was made in connection with the increase has already been approved by the Czech National Bank.
15.9.2022
News
Real estate and construction

Advice to Passerinvest Group on Purchasing the Gamma Office Project

KŠB's team (Jiří Horník, Jakub Porod, Ivo Průša, Zuzana Slabá and Marek Hais) advised Passerinvest Group on the purchase of the Gamma office project in Prague's Brumlovka administrative centre, where the group has operated for a long time. The property was sold by Austrian real estate group IMMOFINANZ. With the purchase of the Gamma building, Passerinvest continues its strategy of acquiring office buildings in Brumlovka.
9.9.2022
News
M&A
Tax

KSB Advises the Largest Czech Real Estate Agency M&M reality in the Sale of 50% of its Shares

KSB's team (Dagmar Dubecká, Jakub Porod, Karolina Vosátková, Jan Černohouz and Simona Hornochová) provided legal and tax advice on the sale of a 50% stake in M&M reality holding a.s. The buyer is real estate group EHS, which has under its wings, among others, the Bezrealitky.cz platform, real estate agency Maxima Reality, and the Czech Real Estate Trust.
2.9.2022
News

KŠB Ranked Once Again in Prestigious IFLR1000

KŠB was ranked once again in the top spots in prestigious rating agency IFLR1000’s most recent yearbook and is recommended in all categories: banking & finance, capital markets, M&A, restructuring and insolvency, and project development.
29.8.2022
News
M&A

Advising Heureka Group on its Acquisition of Balíkobot

Heureka Group, a shopping advisor and price comparator that operates in the Czech Republic and eight other CEE countries, was advised by KSB’s team (Petr Kasík, Jakub Porod,Jaroslav Zahradníček, Tomáš Trávníček, Filip Řehák and Karolina Vosátková) on the acquisition of Balíkobot.
5.8.2022
News

Pavel Dejl becomes new managing partner of KSB

Pavel Dejl has become the new managing partner of Kocián Šolc Balaštík as of 1 August 2022, replacing Petr Kasík as part of the firm’s planned rotation. Together with Jiří Horník, Petr Kasík remains a member of KSB’s three-member management committee and both will continue to support the managing partner.
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18.2.2009
News

New developments in legal regulations from 2009

Changes in payment of social security contributions from 1 January 2009; Maximum assessment base for 2009; Sickness Insurance Act
18.2.2009
News

From Judicature - The Constitutional Court Has Issued a Further Interesting Award

The break-through resolution of the Constitutional court concerning the deadline for additional tax assessment of which we informed in the past Tax News was preceding by another interesting resolution from the end of November 2008 in which the Constitutional court provided its comments on the contents and objective of tax inspection.
18.2.2009
News

International relations

Communication of the Ministry of Foreign Affairs on termination of the Agreement between the Czech Republic and the Union of Soviet Socialistic Republics on Social Security and the Protocol to the Agreement in relation to the Russian Federation
18.2.2009
News

Negotiated amendments

Amendment to the Income Tax Act; Chamber of Deputies postpones approval of partial harmonization amendment to the VAT Act and Excise Tax Act; Amendment to the Foreign Currency Act
13.2.2009
News
M&A
Energy

KSB Assists OKD, a.s. in Spin-Off of Energy-Related Assets

Kocián Šolc Balaštík advised OKD, a.s. in connection with the spin-off of OKD’s CZK 2.8 billion worth of energy-related assets to its sister company NWR Energy, a.s.
20.1.2009
News

Nový trestní zákoník čeká již jen na podpis prezidenta

20.1.2009
News

Changes in Cadastral Register

In the end of the past year, an amendment to the Cadastral Register Act was passed. In addition to legislative and technical adjustments, the amendment also contains significant factual changes. In general, data registered in the Cadastral Register will be more easily accessible, since in view of the advanced digitalization, any Cadastral Office may provide extracts, extracts from cadastral maps and any other data regardless of where the real estate is situated or under what Cadastral Office its cadastral area belongs. Simultaneously, together with the protection of important personal data that is usually contained in the Cadastral Register’s information system (such as information on financial circumstances, in particular information on acquisition of assets, purchase prices, etc.), the provision of certain data will be subject to certain regulation.
20.1.2009
News

Increased performance under insurance of deposits

The amendment to the Banking Act increases the maximum compensation provided under insurance of deposits to the amount equaling the equivalent of EUR 50,000. The new amendment took effect on 15 December 2008.
20.1.2009
News

New regulation for documenting certain facts entered in Commercial Register

Following the new regulation concerning mergers and other transformations effective 1 July 2008, an amendment was passed to Decree 250/2005, Coll. on Binding Forms for Filing Applications for Entry into Commercial Register. The major change is a new detailed regulation of mandatory annexes documenting facts entered into the Commercial Register in case of transformations of commercial companies, cooperatives and European cooperatives.
15.1.2009
News
Corporate law

KSB advises MICHEL THIERRY during restructuring in the Czech Republic

Law firm Kocián Šolc Balaštík provided legal advice to the MICHEL THIERRY GROUP SA during the merger and transfer of assets of its subsidiaries.
14.1.2009
News

New Attorneys at KSB - Radka Felgrová and Martin Škrabal

Law firm Kocián Šolc Balaštík, recognized as the Czech Republic's leading law firm in corporate law by the November survey of ePravo.cz, expanded its team of attorneys by two new members, Radka Felgrová and Martin Škrabal.
30.12.2008
News
M&A

KSB represented OKD, a.s. on the sale of its subsidiary OKD, BASTRO, a.s.

Law firm Kocián Šolc Balaštík assisted OKD, a.s., the biggest Czech producer of black coal, on the sale of its subsidiary, OKD, BASTRO, a.s. The transaction was another step towards the realisation of OKD’s long-term plan to focus on its core business of coal extraction.
29.12.2008
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
29.12.2008
News

New developments in legal regulations from 2009

Changes in payment of social security contributions from 1 January 2009; Maximum assessment base for 2009; Sickness Insurance Act
29.12.2008
News

From Judicature - The Constitutional Court issued a breakthrough resolution concerning the interpretation of periods set for tax assessment

Pursuant to the award of the Constitutional Court dated 2 December 2008, the three-year period in which a tax or an additional tax can be assessed does not commence at the end of the taxation period in which the tax return is to be filed but already from the end of the taxation period provided it is evident at the moment the obligation to file a tax return arises.
29.12.2008
News

Negotiated amendments

Amendment to the Income Tax Act; Chamber of Deputies postpones approval of partial harmonization amendment to the VAT Act and Excise Tax Act; Amendment to the Foreign Currency Act
29.12.2008
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.
18.12.2008
News

Agreement on changes to the regulation of telecommunications

The meeting of the Council of EU Telecoms Ministers in Brussels on 27 November 2008 brought significant changes toward creation of a “Single EU Telecoms Market”. Telecommunications ministers from 27 EU member states arrived at a preliminary agreement to review the regulatory framework for electronic communication networks and services.
18.12.2008
News

Reduction of administrative burden of companies by way of limiting publication of mandatory data

The European Parliament considered a draft directive on 19 November 2008 that amends existing obligations of companies with regard to mandatory publication of certain data (Draft Directive of the European Parliament and Council amending Directives of the Council Nos. 68/151/EHS and 89/666/EHS as concerns obligations of certain forms of companies in the field of publication and translations).
18.12.2008
News

Uniform rules for airport charges

A new legal regulation is in progress that will affect the system of collecting airport charges. Its aim is to prevent individual airports from abusing a dominant position. Non-transparent or overestimated airport charges should be removed through the consultation mechanism between airports and their users, together with the rules for resolution of mutual disputes.
18.12.2008
No items found.

Modernization of the legal framework of aviation transport

The target of the most recent legislation efforts by the European Commission is to ensure a more effective functioning of the internal aviation market, to increase the safety of aviation services and to improve protection of passengers that include, inter alia, the terms of fares and rates. In addition to simplification of existing regulations, it was necessary to resolve the needs of the efficient and uniform application of such regulations, which is a prerequisite for creation of equal conditions for all aviation companies in the EU.
18.12.2008
News

Assessment of legal regulation on merger control

The European Commission commenced a public consultation concerning the functioning of Regulation No. 139/2004 on the control of concentrations between undertakings. The purpose thereof is to assess application rules after four years of existing practical application, i.e. setting of the threshold value and criteria as well as mechanisms of transfer of powers concerning assessment of the connection between the Commission and national antimonopoly authorities.
18.12.2008
News

Reduction of prices of roaming data services and SMS

On 23 September 2008, the European Commission published a proposal for a regulation introducing lower prices for roaming data services and SMS. The document also takes into account the reduction of voice services. The Commission seeks to improve transparency of Internet usage and downloading of data from mobile phones during travels abroad.
18.12.2008
Publications

Getting the Deal Through – Electricity Regulation 2009

Václav Rovenský and Ján Béreš became the first contributors for the Czech Republic in the publication Electricity Regulation 2009 for the series Getting the Deal Through, published by London-based company Law Business Research Limited. The publication contains an overview of information on legal regulation in the electrical energy sector of 34 countries. The chapter concerning Czech law can be downloaded here
18.12.2008
News

Approval of the climate-energy package expected by the end of year

France exerts significant efforts to bring all 27 EU member states to reach an agreement on reduction of greenhouse gas emissions, energy consumption and use of alternative sources by the end of this year, as it has set this task as one of the priorities of its chairmanship. Non-standard procedures should also assist to push through one of the most costly projects – the so-called informal “trialogues” between European Parliament, Council and Commission, by which Parliament waives a part of its powers in favour of such compromise or for intensive separate negotiations by the French president with individual EU member states.
18.12.2008
News

Impact of tax duty depending on possibility to infringe competition

Resolution of the European Court of Justice (ECJ) dated 16 September 2008 in matter C‑288/07 Commissioners of Her Majesty’s Revenue & Customs vs. Isle of Wight Council, Mid-Suffolk District Council, South Tyneside Metropolitan Borough Council, West Berkshire District Council. Interpretation of the Sixth Directive on VAT – Article 4, para 5 – Activities performed by a public-law entity – Operation of paid car parks – Infringement competition – Meaning of the expressions “if it led” and “significant”.
17.12.2008
News
Pro bono

KSB joins Pro Bono Declaration

Law firm Kocián Šolc Balaštík joined the Pro Bono Declaration within the framework of the Pro Bono Centre that aims to support the development of pro bono legal services provided by Czech attorneys.
9.12.2008
News

Proposal for amendment of Tax Administration and Collection Act and new Tax Rules

An amendment to the Tax Administration and Collection Act is now at the Chamber of Deputies awaiting a third reading. The proposed amendment amends the rules for imposing sanctions for infringement of confidentiality obligations and introduces a suspensory effect should additional payment assessment be issued after completion of a tax inspection.
9.12.2008
News

New form for VAT returns

From 1 January 2009, a new form shall be valid (No. 25 5401 MFin 5401, sample No. 15) for value added tax returns. The new form, in comparison with the existing four-page form, only has two pages. Services rendered outside the Czech Republic shall newly be monitored and reported separately. Besides renumbering individual lines in the tax return, the form includes new lines in connection with the most recent amendments to the VAT Act. The form is to be first used for the taxation period of January 2009 or first quarter of 2009.
9.12.2008
News

Prepared Draft Acts

The House of Representatives (Lower House) approved an amendment to the Road Tax Act. The amended provisions should result in reduction of road tax rates for vehicles over 12 tons used as new for businesses that are more environmentally friendly. The lower rate should apply for 36 months following the first registration.
9.12.2008
News

Controversial resolution of the Supreme Court

The Supreme Court, in its resolution No. 22/2007, addressed the differences between the loan agreement regulated by the Civil Code and the credit agreement pursuant to the Commercial Code. Pursuant to the Supreme Court, the difference is, inter alia, based on the subject of the agreement.
9.12.2008
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.
9.12.2008
News

Amendment to the Act on Accounting

On 19 August 2008, Act No. 304/2008, Coll. was published in the Collection of Laws, which amends the Act on Accounting. This amendment will become effective from 1 January 2010, and only selected provisions will become effective from already 1 January 2009.
9.12.2008
News

Amendments to Tax Laws

On 4 July 2008, the amendment to the Road Tax Act became effective, which introduces a new system that reduces road tax rates for more environmental friendly cars from 2009.
9.12.2008
No items found.

Amendment to VAT Act and Excise Tax Act

The Chamber of Deputies had a first reading of the governmental proposal to amend the VAT Act and the Excise Tax Act, which has been proposed to take effect from 1 December 2008.
9.12.2008
News

Notification of Finance Ministry on Standard Classification of Production to allocate services for application of reduced VAT rate as of 1 January 2008

The Czech Statistical Office superseded the Standard Classification of Production by Production Classification (CZ – CPA) with effect from 1 January 2008. The Finance Ministry announced that for the purposes of the VAT Act, the Standard Classification of Production valid from 1 January 2003 shall continue to be applied. This classification shall be further binding for allocation of services after 1 January 2009.
9.12.2008
News

VAT round-off

In connection with the cancellation of fifty-heller coins, the validity of which was terminated as of 31 August 2008, the Czech Tax Administration published information concerning the rounding off of taxes in respect of VAT.
4.12.2008
Publications

VAT News - Horses Follow Housing. TURF Magazine, September/2008

Václav Pátek, a tax expert at law firm Kocián Šolc Balaštík, prepared a contribution for the Bulletin of the Czech Union of Full-Blooded Horses and Owners of Race Horses, Český chov, which is a part of TURF Magazine. The contribution focused on a change of VAT rates for the sale of race horses resulting from the amendment to the VAT Act effective from 1 January 2009. To apply the lower VAT rate on the sale of race horses for 2009, VAT prepayment should be made before the end of the year, similar to housing for 2007. The whole article can be downloaded here (in Czech only)
20.11.2008
Publications

Czech Republic Takeover Guide

Dagmar Dubecká and Vlastimil Pihera prepared an information document for the International Bar Association addressing the legal regulation concerning takeover bids in the Czech Republic. The document summarizes the basic principles of the new legal regulation of takeover bids in the Czech Republic, a new construction of the bid obligation, types of actions on the grounds of a takeover bid or an unfulfilled bid obligation and the method of performance of supervision over takeover bids by the Czech National Bank. The published text contains information applicable as of the editorial closing date, i.e. April 2008. The contribution can be downloaded here
20.11.2008
Publications

Concerning preclusion in tax law. Daňový expert, No. 5/2008

Václav Pátek published an article concerning preclusion in tax law following the resolution by the extended panel of judges of the Supreme Administrative Court in the professional tax magazine Daňový expert.
14.11.2008
News

KSB announced as Leading Law Firm in Corporate Law

Law firm Kocián Šolc Balaštík has been awarded the title of the Czech Republic’s leading law firm in the field of corporate law in the first year of the survey Leading Law Firm of the Year 2008.
6.11.2008
News
Pro bono

Charity Concert of Good Will

Kocián Šolc Balaštík is organising the fourteenth annual Charity Concert of Good Will – Olga Havel Foundation. The concert is to be held in the Church of St. Simon and St. Jude, Old Town, Prague on Sunday 23 November 2008 at 7:00 pm.
6.11.2008
News

New Anti-Money Laundering and Anti-Terrorist Financing Legislation

The Act on Some Measures against Money Laundering and Terrorist Financing (effective since 1 September 2008) responds to a number of EU legislative requirements, primarily to Directive No. 2005/60 EC on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing (the so-called 3.AML Directive).
6.11.2008
News

Amendment to Act on Greenhouse Gas Emission Allowance Trading

The amendment (effective since 1 September 2008) responds primarily to the objections raised by the European Commission and abolishes the allowance guarantees for new facility operators or other operators whose facilities changed in terms of use, manner of operation or capacity as a result of major investment.
6.11.2008
News

Penalties on Cash Payment Cap Alleviated

It has been over four years since the 15,000 Euro cap for cash transactions was introduced. The Act on Restriction of Cash Payments was amended in August to modify the penalties, including fines for breach of the cap.
29.10.2008
News

20th Annual Conference of the European Air Law Association in Prague

One of the lecturers at the 20th annual conference of the European Air Law Association, which takes place on 7 November 2008 in Prague, is Jiří Horník, an attorney specializing in aviation law at law firm Kocián Šolc Balaštík.
23.10.2008
News

Client Seminar – Personal Data Protection II

Law firm Kocián Šolc Balaštík is preparing the second part of an ongoing seminar in the field of personal data protection. The seminar will focus on specific topics in this area, such as the transmission of personal data to foreign countries, the processing of personal data of employees (including the monitoring of employees and their electronic communications), CCTV, the sending of marketing communications and other related practical questions.
17.10.2008
News
Competition

Supreme Administrative Court confirms no bakers’ cartel

Delta Pekárny and Odkolek, both represented by Kocián Šolc Balaštík, won lawsuits against the Anti-Monopoly Office before the Regional Court in Brno and subsequently the Supreme Administrative Court, involving an alleged cartel agreement in the bakery market.
17.10.2008
News

KSB Scores High in Sports, Too

Kocián Šolc Balaštík (KSB) scored high by finishing second in a number of traditional autumn sport events and contests of attorneys, junior lawyers and back office staff.
9.10.2008
News
Pro bono

KSB receives VIA Bona Award for Corporate Philanthropy

For this year’s VIA Bona Awards given out by the VIA Foundation, law firm Kocián Šolc Balaštík (KSB) received the Award For Long-Term Partnership for its long-term support of the Good Will Committee – Olga Havlová’s Foundation (GWC) through Advent charity concerts.
30.9.2008
News

KSB provides legal services to Chapman University

Law firm Kocián Šolc Balaštík provided consultancy to Chapman University of Orange County, California in the establishment of a branch in the Czech Republic. The branch will provide the MBA program in the Czech Republic.
9.9.2008
News
M&A
Energy

KŠB provides complete legal and tax consultancy in merger of companies from Kladno Energy Businesses group

Within the framework of long-term consultancy services, the law firm Kocián Šolc Balaštík assisted the Kladno energy groups of Energy Businesses from Swiss corporate group ATEL during the restructuring of this group.
9.9.2008
Publications

Would you like to have a registered seat in Cyprus? Euro, No. 37/2008

Vlastimil Pihera published an article on free movement of companies in Euro. The article refers to the European Court of Justice’s expected resolution in the Cartesio case and the new possibility for companies to move their registered offices within the European Union as a result of the resolution. To download the article click here
5.9.2008
Publications

Professor Dědič comments on new Transformation Act in Legal Information Bulletin No. 7/2008

Professor Jan Dědič, a partner of the law firm Kocián Šolc Balaštík, published two extensive contributions in the Legal Information Bulletin, a professional monthly for legal practice, on the new act of transformations of commercial companies and cooperatives, which became effective on 1 July 2008.
27.8.2008
News
M&A

KSB represents Michel Thierry Group during acquisition of FEZKO

Law firm Kocián Šolc Balaštík (KSB) provided legal advisory to the Michel Thierry Group, a leader in the production of textiles and leather for the car industry, during its acquisition of majority shares in FEZKO, a.s. and FEZKO SERVIS, a.s.
22.8.2008
News
M&A

Sale of Biofaktory

Law firm Kocián Šolc Balaštík has been engaged by the participants of Biofaktory Praha s.r.o., a Czech and Slovak leader in production of animal feed, fodder additives, veterinary medications, health supplements and pet products, to provide comprehensive advisory services on the sale of the Biofaktory Group to international holding company Nutreco, with its registered office in the Netherlands.
15.8.2008
News

Welcome changes in operation of small trades

Since 1 July 2008, on the basis of Act No. 130/2008, Coll., amending the Trade Licensing Act, requirements for commencement of business activities and reduction of the overall administrative burden for tradesmen are significantly simplified.
15.8.2008
News

Capital markets - transposition of the MiFID Directive

Act No. 230/2008, Coll., a very important amendment to the Act on the Capital Market Business (“Capital Market Business Act”) was published and transposes Directive 2004/39 on financial tools markets known under the abbreviation MiFID as well as other European regulations into Czech law. The aim of the regulation is to enhance the transparency of financial markets, improve protection of investors and strengthen the competitive environment. The amendment took effect on 1 July 2008. New implementation regulations were issued on the same date.
15.8.2008
News

New regulation on mergers and other transformations of commercial companies and cooperatives

Act No. 125/2008, Coll., on Transformations of Commercial Companies and Cooperatives, taking  effect 1 July 2008, supersedes the existing regulation of intra-state transformations in the Commercial Code and newly regulates certain transformations with foreign elements, i.e. cross border mergers and transfer of assets to a foreign participant.
15.8.2008
News

Road tax and new system of reduced rates

Regulation of the road tax has been significantly changed. Act No. 16/1993, Coll., on the Road Tax, as amended, brings extension of the existing exemption from the tax for cars using further kinds of alternative fuels. It further introduces a newly drafted system of reduced rates.
15.8.2008
News

Electronic collection of debts

From the beginning of July, creditors receive a more comfortable and perhaps faster possibility on how to collect their monetary receivables. Act No. 123/2008, Coll., introduces an electronic payment order into the Code of Civil Procedure.
12.8.2008
News

Spin-off of ASIANA with establishment of new company and merger

Law firm Kocián Šolc Balaštík provided legal consultancy to ASIANA, spol. s r.o., one of the largest travel agencies with IATA accreditation in the Czech Republic, during its complete restructuring.
5.8.2008
News

New framework regulation of waste

On 17 June 2008, the European Parliament approved a new directive on waste to supersede the current obsolete norm from 1975. The modernized approach to waste management should lead in particular to reduction of waste production.
5.8.2008
News

Return of unjustly collected tax

Resolution of the European Court of Justice (ECJ) No. C‑309/06, Marks & Spencer plc of 10 April 2008. The ECJ gave a ruling in response to an application for a resolution on a preliminary issue that was filed within the context of a dispute between Marks & Spencer plc and the Commissioners of Customs & Excise wherein Marks & Spencer applied for return of value added tax unjustly collected by the Commissioner. The ECJ’s resolution interprets Article 28, paragraph 2 of the Sixth Directive (Directive of the Council No. 77/388/EHS on harmonization of legal regulations of EU member states concerning turnover tax).
5.8.2008
News

Partial progress in liberalization of gas market

In the July session, the European Parliament adopted a package of legislative measures for the gas market at first reading, the objective of which is to deregulate the market, increase its competitiveness and ensure consumer rights. The deputies supported two scenarios from which EU member states can choose: either full ownership separation of suppliers from gas networks or the so-called ITO model – the preservation of network ownership by suppliers with simultaneous introduction of “independent operators of transportation systems”.
5.8.2008
News

Environmental protection

In May 2008, the long-term process of preparing and putting through legal regulations to punish serious offences against the environment as criminal activities was completed. The European Parliament has approved a draft directive with minor changes pursuant to which infringement of communitarian regulations or Euratom regulations listed in annexes shall be deemed illegal conduct, as well as infringement national acts, administrative regulations or administrative decisions implemented by the regulations stated in the annexes.
5.8.2008
News

Conflict-of-law rules for contractual obligations in the EU

European Parliament and Council Regulation No. 593/2008 (Official Bulletin No. L 177) on the law applicable to contractual obligations (Rome I), starts from the original Convention on the Law Applicable to Contractual Obligations that has been adopted in 1980 but not yet a part of the European Law. The Regulation implements certain changes to the original Convention in the direction of modernization and specification thereof.
5.8.2008
News

Possibility of settlement in case of cartels

Commission Regulation No. 622/2008 dated 30 June 2008 / (Official Bulletin No. L 171), which amends Regulation No. 773/2004 relating to the conduct of proceedings by the Commission pursuant to Articles 81 and 82 of the EC Treaty, introduces a procedure for settlement applicable should parties be prepared to admit their participation in a cartel and accept liability.
5.8.2008
News

Liberalization of postal services

The European Parliament approved opening of the postal services market pursuant to Directive No. 2008/6, published in Official Bulletin L 52 on 20 February 2008. The exclusive right of national post offices to deliver postal consignments of up to 50 grams ceases to exist in most EU countries as of 31 December 2010, but the Czech Republic and other new members may postpone this change until 2013. Simultaneously, they may be refused the right to enter the already liberalized markets.
1.8.2008
News

Kocián Šolc Balaštík launches new website design

Law firm Kocián Šolc Balaštík (KSB) has recently launched a new website at www.ksb.cz and www.ksb.eu. The redesigned website matches in its scale and technology those of leading international law firms.
1.8.2008
News

Kocián Šolc Balaštík named Czech Republic’s Law Firm of Year for third time

Kocián Šolc Balaštík was named for the third consecutive year the Czech Republic’s Law Firm of the Year in the international Who’s Who Legal Awards.
1.8.2008
News

Award by Constitutional Court

The Collection of Acts No. 166/2008 includes an award by the Constitutional Court dated 23 April 2008 cancelling the provisions of the Employee Health Insurance Act that award sickness allowance to employees after the fourth day of sickness, effective as of 30 June 2008. The sickness allowance should be newly paid out beginning the first day of the sickness.
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