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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.
4.8.2022
News
Real estate and construction
M&A

Assisting JTZE a.s.

JTZE a.s. (J&T Zemědělství a Ekologie), a company belonging to the J&T Real Estate group, has completed the acquisition of a 100% stake in POLINE s.r.o., an agricultural enterprise in the Kolin region, through JTZE Sobětice s.r.o. The total amount of the cultivated land is more than 1900 ha.
29.7.2022
News
M&A
Tax

Advising Ronaldsay on the Sale of Hampshire Green Point

KSB's team (Dagmar Dubecká, Helena Navrátilová and Ján Béreš) advised Ronaldsay on the sale of Hampshire Green Point, which developed and commissioned the Green Point project, an energy-efficient eight-storey office building in Prague 5.
29.7.2022
News
M&A

Advising Yeong Chin Machinery on Acquisition of Stake in TRIMILL

KSB's team led by Dagmar Dubecká and Ján Béreš advised Yeong Chin Machinery on the acquisition of a majority stake in TRIMILL. TRIMILL was founded in 2000 and specialises in the development, design, assembly, commissioning, sales and service of machine tools for the machining of moulds and press tools. Yeong Chin Machinery Industries is a Taiwanese company founded in 1954 and specializes in manufacturing machine tools.
21.7.2022
News
Financial services
State Aid

KSB assists Pražská plynárenská in obtaining financing

KSB (Ivo Průša, Sylvie Sobolová, Martin Krejčí, Josef Kříž, Jan Lasák, Tomáš Zach) assisted Pražská plynárenská in negotiating and concluding contractual documentation for obtaining financing for purchasing and ensuring gas to fill storage facilities for the next heating season. 
14.7.2022
News
Real estate and construction
Intellectual property

KSB advises architecture firm William Matthews Associates

KSB's team (Václav Rovenský, Dana Jacková and Tomáš Trávníček) is advising British architecture firm William Matthews Associates (WMA), which won the international design competition for the new headquarters of Správa Železnic (National Railway Administration - NRA) in Prague.
12.7.2022
News
Capital markets

Advising on the issuance of perpetual certificates to be included as Tier 1 secondary capital

KSB's team advised J&T IB and Capital Markets as the arranger of the issuance of subordinated unsecured income certificates without a maturity date (so-called “perpetual certificates”) issued by J&T BANKA and countable as Tier 1 secondary capital, the purpose of which is to increase regulatory capital, increase diversification of capital sources, and raise funds for the eventual repayment of previously issued instruments. The value of the issuance is EUR 100 million, with an option to increase by 100 %.
20.6.2022
News
Publications

Award for the most beneficial legal publication in the Czechia and Slovakia

The traditional awards for the most beneficial legal publications in the Czech and Slovak Republics were presented at a gala reception at the 29th Annual Karlovy Vary Law Days. This year’s award went to “Commentary: The Corporations Act”, with KSB partner Jan Lasák as the lead author. The publication’s other authors from KSB include Professor Jan Dědič, Martin Kubík and Josef Kříž.
2.6.2022
News
Financial services

KSB’s team Advises on Mattoni 1873 Refinancing

Martin Krejčí and Ivo Průša provided full-service legal advice to Mattoni 1873 on refinancing its loans. 
2.6.2022
News
Publications

KSB Experts Co-Author Book on Competition and Public Contracts

Almost three dozen experts, including KSB partners Sylvie Sobolová and Pavel Dejl and associates Martina Parusová Zímová and Martin Vráb, contributed to the book titled “Competition and Public Procurement: Synergies and Intersections”, which was initiated by Petr Mlsna, Chairman of the Czech Competition Authority. The KSB authors contributed to the book with the topic of horizontal cooperation between contracting authorities.
27.5.2022
News
M&A

Advice to Clayton, Dubilier & Rice

KŠB’s team (Martin Šolc, Jakub Porod, Ota Mach and Klára Dvorská) advised Clayton, Dubilier & Rice, one of the oldest private investment companies in the world, and its lead legal counsel Debevoise & Plimpton on the Czech aspects of acquiring Vialto Partners, a former Global Mobility business unit of PriceWaterhouseCoopers.
16.5.2022
News
Intellectual property

KSB Ambassadors on the "Firms of the Future" Panel

Sylvie Sobolová and Petra Mirovská took part in a discussion on 5 May 2022 organised by financial news weekly Ekonom under the title "Firms of the Future".
Nebyly nalezeny žádné výsledky.

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Zrušit filtr
1.8.2008
News

Income Tax

The Ministry of Finance of the Czech Republic published Guideline No. D – 317 on average prices of fuel for calculating the amount of compensation for expenses in consumed fuel to determine income tax bases for the 2007 taxation period. Taxpayers can use these prices to determine tax expenses for consumed fuel, unless they apply expenses in documented amounts.
1.8.2008
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.
1.8.2008
News

Real Estate Tax

30.7.2008
Publications

Mutual Funds– the Czech Approach. Euro, No. 30/2008

Vlastimil Pihera, attorney, and Helena Navrátilová, tax advisor at the law firm Kocián Šolc Balaštík, published an article in Euro concerning the current legal interpretation of ownership relations in respect of mutual funds and its impacts on application of the corporate income tax. To download the article click here
25.7.2008
News

Commission launches consultations on simplified rules for block exemptions

The Commission has presented for consultations new draft rules to exempt more subsidies from the notification obligation laid down in EC Treaty state aid rules.
25.7.2008
News

ECJ VAT Case law

At the end of March the ECJ issued its decision in Case C-111/05 Aktiebolaget NN on several preliminary matters relating to application of VAT on the laying of seabed optic cables. Although the issues arising particularly concern the criteria according to which supplies of goods may be distinguished from the provision of services, and how to determine the place of supply when providing line constructions, the ECJ decision also has general application.
25.7.2008
News

Consolidated text of the modernized “Television without Frontiers Directive” available

The Commission adopted on 29 March an amended proposal of the modernised "Television without Frontiers" Directive. After a first reading in the Parliament and the Council, there is now broad agreement with the Commission about the future legal framework for the EU's audiovisual sector.
25.7.2008
News

Liberal decision of the Commission on gambling

The Court of Justice (“ECJ”) ruled that the Italian criminal penalties for the collecting of bets by intermediaries acting on behalf of foreign companies are contrary to community law (Joined Cases C-338/04, C-359/04, C-360/04 Placanica of 6 March 2007).
25.7.2008
News

Motor insurance for all passengers (new decision of the ECJ)

The ECJ ruled that the Third Motor Insurance Directive (Third Council Directive 90/232/EEC of 14 May 1990 on the approximation of the laws of the Member States relating to insurance against civil liability in respect of the use of motor vehicles) requires all passengers to be covered by motor insurance and therefore Irish national legislation, which precludes those not travelling in a part of a vehicle designed to carry passengers, is incompatible with Community law.
25.7.2008
News

Directive on cross-border mergers in banking, insurance and securities adopted in first reading

In March European Parliament (“Parliament”) gave a first reading of a directive to change European rules on how mergers of banks and other financial institutions are approved. Since the text adopted has already been agreed in informal negotiations with the Council, the proposals should enter force without further changes.
24.7.2008
News

Beginning January 2008, VAT Payers May Apply for Group Registration

The effectiveness of the Act on Stabilization of Public Budgets will provide VAT payers with the alternative of group VAT registration. The group registration makes it possible for affiliated parties (companies) to act as a single VAT payer with a single registration number for VAT purposes. This means that an entire corporate group will only file a single VAT tax return. Supplies delivered between individual group members are not deemed to constitute taxable supplies. The first groups of VAT payers shall be registered effective 1 January 2009, provided that they apply by 31 October 2008 at the latest.
24.7.2008
News

Instruction No. D-312

The Ministry of Finance issued Instruction No. D-312 regarding application of reduced tax rates to license fees under the Double Taxation Treaty between the Czech Republic and Belgium. The Instruction sets forth, for the purposes of the aforementioned Treaty, that the listed license fees may be taxed in the country of origin by not more than 5 percent of the gross amount thereof. The Instruction shall take effect on 1 January 2008.
24.7.2008
News

Deadlines in Tax Proceedings

In connection with the tax entity’s authorization to draw attention to the tax administrator’s inactivity on the grounds of processing filings by tax entities by reasonable deadlines, the Ministry of Finance issued Instruction No. D-308 imposing deadlines on tax administrators for processing filings by tax entities and other parties involved in tax proceedings.
24.7.2008
News

Client Workshop – pharmaceutical law after 1 January 2008

On 29 November 2007, law firm Kocián Šolc Balaštík (KSB) organized for its clients - major pharmaceutical companies - a seminar focused on important legislative changes in the pharmaceutical industry taking effect in early 2008. The lecturers at the seminar were Hana Heroldová, an attorney specializing in the area of pharmaceutical law, and Václav Pátek, tax expert at KSB.
24.7.2008
News

Double Taxation Treaty between the Czech Republic and Bosnia and Herzegovina

The Ministers of Finance of the Czech Republic and Bosnia and Herzegovina signed a Double Taxation Treaty between both countries on 20 November 2007. The Treaty shall result in termination of the provisions of the Double Taxation Treaty between the Czechoslovak Socialistic Republic and the Socialistic Federative Republic of Yugoslavia (applicable to Income and property taxes) signed in Prague on 2 November 1981. The termination shall take effect on the effective date of the new Treaty. This may occur on 1 January 2009 if the following legislative procedure in both countries proceeds in the standard manner.
24.7.2008
News

2008 Foreign Currency Food Allowance Base Rate

The Ministry of Finance issued Decree No. 338/2007 – on calculation of base rates of food allowances in foreign currency for 2008. Decree No. 549/2007 Coll., on base rates of food allowances in foreign currency for 2007 shall terminate on the new Decree’s effective date, i.e. 1 January 2008.  
24.7.2008
News

Altered Interest Rate

The banking council of the Czech National Bank decided to raise the 2T repo rate to 3.50%, the discount rate to 2.50% and the Lombard rate to 4.50% at its meeting held on 29 November 2007. The new rates shall apply beginning 30 November 2007.
24.7.2008
News

International Agreements

24.7.2008
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Amendments to the income taxes act (ITA)

Parliament is currently debating several proposed amendments to ITA. The most important of these are the proposals set out in the "Government draft of the Act on stabilisation of public budget" ("Government Draft"). Amended several times, the Government Draft is now on its second reading and is likely to experience further amendment.
24.7.2008
News

Judicature by the Constitutional Court Applicable to Malice in Law

At the end of October 2007, the Constitutional Court denied a constitutional complaint against a decision by the Supreme Administrative Court and admitted that “malice in law” may be applied to tax issues.
24.7.2008
News

Other changes

24.7.2008
News

Changes in Social Security and Health Insurance

The Chamber of Deputies of the Parliament of the Czech Republic recently adopted the Act on Stabilization of Public Budgets, which the Senate of the Parliament of the Czech Republic is expected to approve in September 2007. The Act applies to sickness, pension and health insurance in the Czech Republic as well.
24.7.2008
News

Personal income tax

24.7.2008
News

Common provisions

24.7.2008
News

Corporate income tax

24.7.2008
News

Public Budget Stabilisation Act

On 16 October 2007, the Act No. 261/2007 Coll,  the Public Budget Stabilisation Act (the "Amendment") was published. This Act also amends the Income Tax Act ("ITA"). The most important changes, effective from 1 January 2008, are summarised below.
24.7.2008
News

Other changes arising from the Act on stabilisation of public budgets

As set out in earlier issues of Tax News, the Act on stabilisation of public budgets has amended many provisions of law hitherto in force. Some of these changes are detailed below.
24.7.2008
News

Recent ECJ Decisions

24.7.2008
News

Amendments to the act on reserves

Clear provision will be made for the creation of reserves by successor companies following a corporate transformation. The successor company will continue to create reserves and make provisions/ adjustments as commenced by the company being split up on the conditions that would have applied to such company had the transformation not taken place, but only insofar as such creation of reserves pertains to the portion of business assets passing to the successor company.
24.7.2008
News

Proposed Amendments to the Income Taxes Act

24.7.2008
News

Waiver of Default Interest

24.7.2008
News

Pending Amendment to the Value Added Tax Act

The most significant change to be introduced by the amended VAT Act is the increase of the reduced 5% VAT rate to 9%. No transitory provisions have been proposed to restrict pre-supplying or payment of advances prior to the increase.
24.7.2008
News

List of legal forms of companies on the Finance Ministry's web pages

24.7.2008
News

Draft Amendments

24.7.2008
News

Kocián Šolc Balaštík Awarded Law Firm of the Year

24.7.2008
News

Instruction to implement international agreements

18.7.2008
News
M&A

KSB acts for Cramo Plc on its acquisition of Techniline spol. s r.o.

Kocián Šolc Balaštík advised Finnish company Cramo Plc on its acquisition of a 100% holding in Techniline spol. s r.o., the largest equipment rental services company in the Czech Republic, also operating in Slovakia.
18.7.2008
News

Recast of the Sixth Directive

On 1 January 2007 new EU Directive [1] ("Recast") governing the common system of value added tax in all Member States came into force. The Recast supersedes the Sixth Directive [2]. The Recast was issued to simplify the Sixth Directive which, owing to numerous amendments, had become difficult to follow, unsystematic and often incomprehensible.
18.7.2008
News

Export Control System comes into operation in the Czech Republic

Pursuant to amendments to Commission Regulation no. 2454/93 on implementation of the customs codex, as from 1 February 2007 the Czech Republic commenced operation of the Export Control System (ECS) (e-Export), intended to facilitate rapid electronic exchange of information between customs authorities in Member States on exports to third countries.
18.7.2008
News
M&A

KSB advises gas company MOL Plc. on its acquisition of I & C Energo

Kocián Šolc Balaštík assisted Hungarian gas company MOL Plc. with acquiring a 100% stake in I & C Energo from ČEZ. I&C Energo is engaged in providing system control and industrial IT control services.
18.7.2008
News

Increased state aid "de minimis" threshold

European Commission Regulation no. 1998/2006 has increased the de minimis state aid threshold (a sum which, if exceeded, gives rise to the presumption that state aid can distort economic competition and is therefore incompatible with the common market).
18.7.2008
News
Competition

Merger of the two largest producers of mineral water in the Czech Republic has been approved – KSB represents Karlovarské minerální vody, a.s.

The largest producer of mineral and spring water in the Czech Republic, Karlovarské minerální vody, a.s., has received after a long “fight” with the Antimonopoly Office of the Czech Republic (ÚOHS) a decision on approval of the merger with Poděbradka, a.s., the second largest producer operating in the same industry.
18.7.2008
News

Chamber of Deputies: amendments to the Act on Accounting approved

The amendments repeal the obligation to publish final accounts in electronic form in the Commercial Bulletin, since final statements are available in digital format in the documents registries of the Commercial Register.
18.7.2008
News

Finance Ministry instructions D-190, D-223 and D-267 replaced with instruction D-300

The instruction sets out the Czech Finance Ministry's interpretation of some provisions of ITA. Although not binding on tax payers, the instruction is likely to be followed by tax authorities. The wording of instruction D-300 has been more closely specified and now reflects the comments of the Czech Chamber of Tax Advisors and other conclusions approved by the Co-ordination Committee of Czech Finance Ministry and Czech Chamber of Tax Advisors.
7.7.2008
News
M&A

Heineken Group completes acquisition of Drinks Union

Heineken Group with KSB as its legal counsel completed the acquisition of Drinks Union in the Czech Republic on 1 July 2008. The transaction involved transfer of a majority stake in Drinks Union, and, indirectly, a stake in Pivovar Louny, to Královský pivovar Krušovice a.s., a Heineken Group’s flagship in the Czech Republic.
7.7.2008
News
Corporate law

KSB assists with STAROBRNO squeeze-out

Kocián Šolc Balaštík, as long-term legal counsel to the Heineken Group, assisted the global brewery group with a squeeze-out in STAROBRNO, a.s., a member of the Heineken Group. It was the first squeeze-out to be carried out under the newly applicable legislation effective since 1 April 2008, which no longer requires consent from the Czech National Bank to squeeze-outs carried out by companies that do not issue listed participation securities.
7.7.2008
News
M&A

KSB assists OKD in combined spin-off

Kocián Šolc Balaštík, as long term legal counsel to New World Resources, assisted NWR Group member OKD, a.s. with restructuring that involved spin-off via combining a merger and foundation of new companies.
7.7.2008
Publications

Prospectus for the Public Offering of Securities in Europe

Petr Kasík and Vlastimil Pihera contributed a chapter dealing with the transposition of the Prospectus Directive into Czech law to Prospectus for the Public Offering of Securities in Europe, Volume I. The title was published by Cambridge University Press as a part of the “Law Practitioner Series” and contains a summary of the provisions of Directive No. 2003/71/EC on the prospectus and on the transposition thereof in fifteen EU Member States. The title was authored by lawyers from major European law firms. More information
7.7.2008
News

Client Workshop – Personal Data Protection

Kocián Šolc Balaštík (KSB) held a workshop on 24 June 2008 to provide its clients with a summary of personal data protection issues. The lecturers were KSB personal data protection specialists, Martin Kubík, Petra Mirovská and Drahomír Tomašuk.
19.6.2008
News

Act on Public Budget Stabilization and Labour Law Issues

13.6.2008
Publications

VAT Deductions – New Prospects, Euro, No. 20/2008

Václav Pátek, a Kocián Šolc Balaštík tax specialist, writes an article in Euro on VAT deductions relating to fraudulent conduct. To download the article click here.
13.6.2008
News
Corporate law

KSB assists OKD, OKK, a.s. in merger with parent company

Kocián Šolc Balaštík assisted NWR Group member OKD, OKK, a.s. in another stage of restructuring in which OKD, OKK’s parent company ceased to exist by merging with its subsidiary OKD, OKK, a.s. KSB’s assistance was provided as part of its long-term legal assistance to the NWR Group (New World Resources).
13.6.2008
News
Corporate law

KSB advises Skanska Group in restructuring and spin-off by merger

Kocián Šolc Balaštík assisted Skanska CZ in the Skanska Group’s restructuring in the Czech and Slovak Republics. The restructuring resulted in a new holding structure under the umbrella of the newly incorporated Skanska CS and spin-off of part of Skanska CZ’s operations via spin-off by merger into three existing surviving companies.
13.6.2008
News
Corporate law

KSB assists Teplárny Brno in concentration with Tepelné zásobování Brno through division by merger

Kocián Šolc Balaštík assisted Teplárny Brno during the transformation involving concentration of its business with the business of Tepelné zásobování Brno. The transformation took the form of a division by merger in which Tepelné zásobování Brno ceased to exist and its operations passed over to its indirectly controlled affiliate, Teplárny Brno.
10.6.2008
News

The Constitutional Court Cancelled Part of the Labour Code

On 11 March 2008, the Constitutional Court issued a long awaited decision on constitutional complaints challenging the new Labour Code shortly after having been adopted. Award File No. Pl. ÚS 83/06 applies even to the concept of the Code.
10.6.2008
News

Amendment to the Code of Distraint Procedure

Amendment to Act No. 120/2001 Coll., on court-appointed distrainers and distraining activities (the Code of Distraint Procedure), as amended, effective from 1 January 2008, was published under Act No. 347/2007 Coll. The major goal of the amendment is to make supervision over distrainers more efficient and, as a result thereof, improve their activities; However, at the same time, the amendment again worsens the position of creditors in connection with the payment of distraint costs.
10.6.2008
News

Consumer Protection, Advertising, Competition

Act No. 36/2008 Coll. amended several laws applicable to consumer protection, advertising and competition, effective 12 February 2008, to increase protection of consumers against unfair business practice and, at the same time, improve competition culture; the amendment implements Directive 2005/29/EC concerning unfair business-to-consumer commercial practices in the internal market. The following legislation is primarily involved:
10.6.2008
News

Technical Amendment to the Labour Code

The long awaited legislative, technical and corrective amendment to Act No. 262/2006 Coll., the Labour Code, as amended (hereinafter the “Labour Code”), was disclosed under Act No. 362/2007 Coll. effective 1 January 2008.
10.6.2008
News

Act on Public Budget Stabilization and Labour Law Issues

Act No. 261/2007 Coll. on the Public Budget Stabilization (hereinafter the “APBS”), applies, among other things, to labour legislation. The changes took effect on 1 January 2008.
10.6.2008
News

New Provisions Applicable to Takeover Bids and Squeeze-Outs

Act No. 104/2008 Coll., concerning takeover bids and amending some other Acts (the Takeover Bid Act) took effect on 1 April 2008. The Act applies to bids aimed at issues of gaining control over listed companies, which were originally regulated by the Commercial Code. Following this conceptual step, the Commercial Code shall apply to public bids for purchase of shares in primarily unlisted companies but also to listed companies if there is no intention of gaining control over the target company.
22.5.2008
News
Competition

Heineken expands to include Drinks Union

Kocián Šolc Balaštík (KSB) law office represented Královský pivovar Krušovice a.s., a member of the multinational Heineken Brewery Group, before the Czech Anti-trust Office in an application for acquisition of the major beverage group Drinks Union, a.s. The Office granted unconditional approval for the merger on 28 April 2008.
22.5.2008
News

KSB participates in external comments proceedings on Waste Act Amendment

Kocián Šolc Balaštík (KSB) law firm participated in providing comments to the so-called great amendment to Act No. 185/2001 Coll., the Waste Act, introduced by the Ministry of the Environment at the end of February 2008.
14.5.2008
News

Kocián Šolc Balaštík - Law Firm of the Year 2008

Prague, 12 May 2008 – Kocián Šolc Balaštík (KSB) has won the first ever Chambers Europe Awards for Excellence. At the ceremony in Barcelona on Thursday 8 May 2008, KSB was delighted to receive the award for National Law Firm of the Year 2008, Czech Republic. The award confirms that KSB is a leading Czech law firm, having already been named Law Firm of the Year, Czech Republic 2006 and 2007 by Who\'s Who Legal.
1.5.2008
Publications

Getting the Deal Through – Gas Regulation 2008

Václav Rovenský and Tomáš Sequens have recently authored the chapter on the Czech Republic for Getting the Deal Through – Gas Regulation 2008 edition, published by Law Business Research, London. The Czech chapter provides a clear and concise guide to the law governing the Czech gas market as well as many related business aspects. Available for download here.
3.4.2008
Publications

The International Comparative Legal Guide to: Litigation & Dispute Resolution 2008

Pavel Dejl and Radka Felgrová have recently authored the Czech chapter in The International Comparative Legal Guide to: Litigation & Dispute Resolution 2008, providing a clear guide to the basic law on dispute resolution in court and arbitration proceedings in the Czech Republic, the organisation of Czech courts and litigation under Czech law. Other points covered include assets available to the parties, instruments used by the court to direct the proceedings, types of court orders and the effects of court decisions. Arbitration is covered in a separate chapter. The Guide is published by the Global Legal Group. To view/download click here
2.4.2008
News
M&A

KSB advises Heineken on its acquisition of Drinks Union

Kocián Šolc Balaštík (KSB) acted for Heineken during the acquisition of Drinks Union, a.s., the Czech beverages group and owner of several Bohemian breweries (Krásné Březno, Velké Březno, Louny, Kutná Hora), whose portfolio includes the Zlatopramen brand.
19.3.2008
News

Úpadek, insolvenční právo

19.3.2008
News

Úpadek, insolvenční právo

12.3.2008
News
Environmental Law

KSB – one of the first participants in the \"Green Firm\" environmental project

KSB is one of the first to take part in Green Firm, a project organised by REMA Systém, a.s., a company duly licensed to manage electrical waste in the Czech Republic.
11.3.2008
Publications

VAT on financial and insurance services – not just for banks and insurance companies

This article (published by C.H. Beck) by Václav Pátek (of KSB) provides a detailed legal analysis of VAT issues with a wider application than the narrowly defined specialise in the title suggests. Pátek examines selected aspects of financial and insurance services (in the current business climate no longer the sole province of banks and insurance companies) to compare Czech and EU VAT laws and to investigate whether Community law has been given full and proper effect with reference to selected services. Pátek's contribution will assist tax consultants, advocates and all of those working in the sector of tax administration, as well as all those seeking answers to VAT application issues in the seemingly narrow sector of financial and insurance services. In particular, some of the general principles identified will be applicable in areas additional to those indicated in the title. For further information click here
5.3.2008
Publications

A Practical Guide to National Competition Rules Across Europe – second edition

Pavel Dejl, Pavel Nosek and Ivo Šimeček have recently completed the chapter on the Czech Republic in A Practical Guide to National Competition Rules Across Europe – second edition, published by Kluwer Law International as part of their International Competition Law Series. True to its title, the publication is a comprehensive guide to competition law in the EU, Norway and Switzerland. As well taking an overall look at Czech competition law, the Czech chapter deals with related aspects of Community law and regulated markets legislation, cartel agreements, abuse of dominant position, competition law enforcement, powers of the Czech Antitrust Office and the law on concentration of undertakings, with illustrative recent judicial decisions. To download this chapter, click here
3.3.2008
Publications

The International Comparative Legal Guide to: Cartels & Leniency 2008

Pavel Nosek and Ivo Šimeček have recently written an article for The International Comparative Legal Guide to: Cartels & Leniency 2008, published by Global Legal Group, examining newly enacted provisions on regulation of cartels and the leniency program in the Czech Republic and briefly commenting on basic Czech competition law and the powers of the Czech Antitrust Office. The article also sets out basic information on proceedings before the Office, including reviews of its decisions and appeals. The article is available here
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