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28.7.2025
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News
Pro bono

Smetanova Litomyšl Comes to a Close with Music and a Message of Solidarity

This year’s edition of the Smetanova Litomyšl festival concluded with the concert Grand Finale – An American Story, held under the patronage of our firm. In addition to delivering a remarkable musical experience, the evening also served a charitable purpose: proceeds supported the Olga Havel Foundation (Výbor dobré vůle – Nadace Olgy Havlové), helping young people from disadvantaged backgrounds pursue their education.

This year’s edition of the Smetanova Litomyšl festival concluded with the concert Grand Finale – An American Story, held under the patronage of our firm. In addition to delivering a remarkable musical experience, the evening also served a charitable purpose: proceeds supported the Olga Havel Foundation (Výbor dobré vůle – Nadace Olgy Havlové), helping young people from disadvantaged backgrounds pursue their education.

8.7.2025
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News
Financial services
Capital markets

Advising J&T on the preparation of another bond programme – the Europacity Berlin project.

KŠB provided legal advice to its long-standing client, the J&T group, in connection with the preparation of another bond programme, this time related to the Europacity Berlin project. The base prospectus has already been approved by the Czech National Bank, and the first final terms have been prepared for an issue in the amount of CZK 3 billion. The advisory team at KŠB included Josef Kříž, under the partner supervision of Martin Krejčí. Vlastimil Pihera.
7.7.2025
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News

A Distinguished June Visit to KŠB: Gisela Bergmann, Princess of Liechtenstein

Before the start of the summer holidays, we had the honour of welcoming an exceptional guest to our Prague office – Gisela Bergmann, Princess of Liechtenstein, CEO and managing director of Industrie- und Finanzkontor Ets., a leading Liechtenstein-based trust company with a long tradition and extensive experience in protecting family wealth and values.
20.6.2025
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News
M&A

KŠB advised the seller on the sale of mcePharma to the Brenntag Group

The KŠB team, consisting of Vlastimil Pihera, Jakub Porod, and Dominika Bazalová, provided legal advice to the seller, Mr. Ivan Mikeš, in connection with the sale of 100% of the shares in mcePharma to the international Brenntag Group, a global leader in the distribution of chemicals and ingredients.
18.6.2025
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News
Real estate and construction

KŠB Provided Legal Advisory in the Sale of ARETE Park Rokycany II to the REICO LONG LEASE Fund

Jiří Horník, Jakub Porod, and Yelizaveta Volodina assisted the ARETE group in the sale of the premium logistics complex ARETE Park Rokycany II. The buyer is the REICO LONG LEASE fund, managed by REICO Erste Asset Management. The fund primarily invests in logistics, industrial, retail, office, and other commercial properties, mainly in the Central European region.
17.6.2025
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News

KŠB and Smetanova Litomyšl – a partnership with impact

Last weekend, as partners of the Smetanova Litomyšl festival, we had the honour of attending the opening concert of the festival’s 67th edition, featuring the Czech Philharmonic conducted by Jakub Hrůša and the exceptional Norwegian violinist Vilde Frang.
16.6.2025
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News

KŠB was involved in the Private Equity Deal of the Year – the sale of Webglobe received an award at the CVCA & SLOVCA Awards 2025

At the CVCA & SLOVCA Awards 2025 gala evening, held for the first time in Bratislava, the expert jury composed of members of the Czech Private Equity and Venture Capital Association and the Slovak Venture Capital & Private Equity Association recognized the sale of Webglobe to group.one as the most significant private equity transaction of 2024. KŠB provided legal advisory on the deal.
10.6.2025
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News
Financial services
Capital markets

Advising J&T on EMMA Capital Bond Issuance

KŠB provided legal advice to its long-term client, the J&T group, in connection with the preparation of a bond programme for the investment group EMMA Capital. The base prospectus has already been approved by the Czech National Bank and notified to the National Bank of Slovakia. At KŠB, the advisory team was led by Josef Kříž, under the partnership supervision of Vlastimil Pihera.
28.5.2025
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News
Real estate and construction

Advising GRIDARCH a.s. on the Sale of Land in the Ostrava Airport Multimodal Park

KSB’s team (Jiří Horník, Jakub Porod, Jakub Mehl) provided legal counsel to GRIDARCH a.s. in connection with the sale of land located in the Ostrava Airport Multimodal Park (OAMP), which is being developed into an industrial zone with logistics facilities. The purchaser of the 110,000 sqm of commercial land was EQT Exeter.
20.5.2025
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News

With deep sorrow, we announce the passing of JUDr. Alexandr Kocián, one of the founders of our firm.

e was not only an icon of the legal profession in Karlovy Vary and a respected lawyer, but also an inspiring colleague, a mentor to an entire generation of our attorneys, and, last but not least, a man with a sense of humor who always spread good cheer.
19.5.2025
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News

Warning About Fraudulent Emails!

We have detected that fraudulent emails titled "Copyright Infringement Notice" are being sent from various @gmail.com addresses, with the sender falsely claiming to represent KŠB.
14.5.2025
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M&A
TMT
News

A Landmark Transaction in Czech IT History: Seyfor Acquires 100% of Dotykačka

The KŠB team, led by Ján Béreš and Drahomír Tomašuk, was pleased to provide legal advice to our long-standing client, Seyfor, in its acquisition of full control over Dotykačka ČR, the leader of the Czech point-of-sale systems market.
17.4.2025
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News

The European Union through the Eyes of Fourth Graders? Fun and Playful!

As part of the Lawyers in Schools project, KŠB attorney Petra Mirovská visited fourth graders at Square Elementary School and introduced them to the topic of the European Union in an interactive way.
9.4.2025
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News
M&A

KSB Advises on Sale of FK Teplice

KSB’s team led by Ota Mach and Josef Kříž, with partner support from Jan Lasák and further assistance by KSB junior lawyer Ivan Michňa, advised AGC Glass Europe on the sale of first league football team FK Teplice.
7.4.2025
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News
Pro bono

KŠB is the official partner of the Smetanova Litomyšl Festival

We are delighted to announce that we have become an official partner of one of the most important cultural projects in the Czech Republic – the Smetanova Litomyšl music festival. With the title “ the law firm of the festival", we are proud to be part of this long-standing social event that blends music with a unique historical setting.
1.4.2025
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News
Financial services
Tax
Energy
M&A

We Succeeded in Another International Ranking

Just a week after the results of the Chambers Europe ranking were announced, we’re thrilled to share more great news – the renowned Legal 500 has published its annual overview of the leading law firms in the EMEA region, and we have once again confirmed our strong market position.
26.3.2025
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News
Financial services
Capital markets
Competition
M&A

We Confirmed Our Strong Standing in the Chambers Europe Rankings

We are pleased to announce that we have confirmed last year’s strongest-ever results in the Chambers Europe rankings, published by Chambers & Partners. In the 2025 edition, KŠB once again received excellent rankings in 11 categories. In addition, 13 of our colleagues received individual recognition—our best result in the firm’s history. This year’s recognition is crowned by a nomination for the prestigious Chambers Europe Awards 2025 for the best law firm in the Czech Republic.
5.3.2025
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News
Capital markets

First Commentary on the Bonds Act Published

C.H. Beck has released the first-ever commentary on the Bonds Act, authored primarily by KŠB’s Jan Lasák, Jan Dědič, and Josef Kříž. Spanning over 700 pages, this comprehensive publication provides an in-depth interpretation of the Act’s individual provisions, drawing on the authors’ extensive expertise in corporate finance
5.3.2025
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News

European Commission Presents Omnibus I and II legislative packages

Last week the European Commission presented two legislative packages – Omnibus I and Omnibus II – which are aimed at significantly reducing the bureaucratic burden for SMEs in taxonomic and sustainability reporting.
17.2.2025
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News

KŠB's Success in Chambers Global Guide 2025

In the latest Chambers Global Guide 2025, one of the most prestigious international rankings of law firms, KŠB once again reaffirms its position among the leading law firms. This year, we have succeeded in all four evaluated categories and achieved significant advancements, including an increase in the number of recommended colleagues.
7.2.2025
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News

Our Lawyers at the "Lawyers and Judges Through Each Other’s Eyes" Meeting

On February 6, 2025, our lawyers Radka Felgrová, Petra Mirovská, and Vlastimil Pihera participated in a gathering at the Supreme Administrative Court in Brno, where they joined other lawyers and judges from the Constitutional Court, Supreme Court, and Supreme Administrative Court to discuss the topic "Lawyers and Judges Through Each Other’s Eyes."
30.1.2025
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News
Real estate and construction

Advising OAMP Holding on the Purchase of Land in the Mošnov Industrial Zone

The KŠB team provided legal advice to OAMP Holding, jointly owned by CONCENS INVESTMENTS and Colorizo Investment, on the purchase of 513,000 m² of land in the strategic Mošnov Industrial Zone (Ostrava Airport Multimodal Park).
17.1.2025
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News
Disputes
Environmental Law

A Historic Success After Twenty Years: Unlawful State Decision Confirmed

AThe team, consisting of Tomáš Sequens and Petra Mirovská, achieved a significant victory in a complex legal dispute over compensation for damages against the state after a long twenty years of legal battles. The case concerned an unlawful decision and administrative misconduct by the Ministry of the Environment during a licensing procedure conducted in 2005.
16.1.2025
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News
Financial services

End to 2024 for our transactional banking team

December was packed with financial transactions, and with a slight delay, we’re excited to share just a few highlights of the deals Kocián Šolc Balaštík advised on.
13.1.2025
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News
Aviation and aerospace

KSB advises aircraft lessors on the restructuring of Czech Airlines and Smartwings

In relation to the end of Czech Airlines’ operations, a unique restructuring and consolidation of Smartwings took place by transferring a significant part of CSA’s enterprise to Smartwings.
7.1.2025
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News
Disputes

KŠB Wins Case for Major Bakery

KŠB has won a court dispute over the release of unjust enrichment for one of the leading bakery companies in the Czech Republic.
5.1.2025
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News

Support for BAKALÁŘI Software in Changes within the Educleus Group

The KŠB team (Ján Béreš and Drahomír Tomašuk) provided legal advice to BAKALÁŘI Software during the acquisition of Vanda Seidelová’s stake, the founder of Twigsee, in the Educleus Group, which we assisted in establishing two years ago.
3.1.2025
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News
M&A
TMT

Assistance to Webglobe in the Acquisition of ČESKÝ WEBHOSTING

We successfully concluded last year by assisting our long-standing client, Webglobe, in acquiring a 100% stake in ČESKÝ WEBHOSTING, s.r.o., which operates the Webhosting C4 platform. This acquisition is another step in Webglobe's growth strategy, focused on strengthening its market position following its integration into the group.one group.
1.1.2025
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News

Jan Černohouz Becomes New Tax Partner, Jakub Porod New Counsel at KŠB

With the new year upon us, our law firm is pleased to announce several significant in-house changes. Jan Černohouz, former counsel and tax advisor, has been named tax partner, while senior associate Jakub Porod has been promoted to the position of counsel.
9.12.2024
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News
M&A
TMT

Assistance to Seyfor Group in Another Significant Acquisition

The KŠB team, led by Ján Béreš with support from Drahomír Tomašuk, assisted the Seyfor Group in acquiring a 100% stake in NCC, a.s., Slovakia's leading provider of software for leasing and loans.
2.12.2024
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News
Financial services
Capital markets

KSB Advises on Another Chapter of Joint Investment between J&T and Rohlík Group

KKŠB teams, led by Jana Guričová and Josef Kříž, and supervised by partner Vlastimil Pihera, have recently completed two major, interconnected deals involving the cooperation of J&T and Rohlík, which they have been working on for the past few months.
2.12.2024
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News
Pro bono

29th Charity Concert of Good Will

The 29th 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, 1 December 2024 at 7pm at the Church of St. Simon and St. Jude in Prague’s Old Town under the auspices of the First Lady Eva Pavlová.
21.11.2024
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News
Capital markets

AVANT LOAN SICAV’s First EU Growth Prospectus

KSB’s team led by Vlastimil Pihera and Josef Kříž advised investment fund AVANT LOAN SICAV on its first EU growth prospectus.
13.11.2024
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News
M&A

Advising O2 Czech Republic on Its Acquisition of Nordic Telecom Regional

KSB's team (Petr Kasík, Martin Kubík, Ján Béreš and Ivan Michňa) advised O2 Czech Republic on the acquisition of a 100% stake in Nordic Telecom Regional, a Nordic Telecom group company.
7.11.2024
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News
Competition

Pavel Dejl Speaks at the Czech Competition Authority’s Traditional St. Martin's Day Conference

On Wednesday, 6 November the Czech Competition Authority held the 17th Annual St. Martin's Day Conference, a two-day event on trends, news and current topics in the field of competition which this year was opened by the Authority’s Chairman Petr Mlsna.
28.10.2024
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News
M&A

KSB Advises on the Sale of Litostroj Group

The team led by senior associate Jakub Porod, supported by partner Martin Krejčí, junior associate Jakub Mehl and Slovenian law firm ODI, advised Energo-Pro Group on the sale of turbine manufacturer Litostroj. The buyer is the Wikov Industry engineering group, which manufactures mechanical gearboxes and gears for the wind- and hydro-power industry, the petrochemical industry and rolling stock.
23.10.2024
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News
Environmental Law

Webinar “The Future of Batteries in the EU” for the Czech Battery Cluster.

On 22 October 2024, KSB attorneys Tomáš Sequens and Petra Mirovská, in cooperation with the REMA Battery collection system, delivered an expert webinar for the Czech Battery Cluster (Český bateriový klastr, z.s.), which brings together major players in the battery industry. Participants of the webinar, which was entitled "The future of batteries in the EU: digital passport, new standards and responsibility", were introduced to new developments in European battery legislation, in particular the obligations associated with the creation of a digital passport for batteries, new standards for battery eco-design and performance, as well as producer responsibility issues, including the concept of "second-life" batteries and battery recycling.
21.10.2024
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News
M&A

Advising Aramark on the Acquisition of HOPI Group’s Canteen and Catering Division.

KSB’s team led by Jan Lasák and Ján Béreš assisted in a major acquisition in the field of catering services. The client, Aramark, acquired the popular Perfect Canteen and Perfect Catering concepts, which form the canteen and catering division of Czech company HOPI Holding. Aramark has thus strengthened its leading position on the Czech catering market.
15.10.2024
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News
Energy

KSB Advises Green Gas DPB on Coal Mine Methane Supply Contracts

KSB's energy team led by Tomáš Sequens provided comprehensive legal support to Green Gas DPB in entering into a set of long-term contracts for the supply and off-take of coal mine methane.
10.10.2024
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News

Contract Competition 2024

4.9.2024
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News
Corporate law
Energy
State Aid
Real estate and construction

KŠB Advises KGAL Investment Group on Acquisition of Key Solar Project

KSB's transactional team consisting of corporate, energy, subsidy and real estate law experts (Tomáš Sequens, Martin Krejčí, Jana Guričová, Josef Kříž, Richard Hamran and Tomáš Zach) provided full-service advisory to KGAL on its acquisition – through its KGAL ESPF 5 investment fund – of the 50-megawatt Saxonie solar power plant project from Sev.en in cooperation with Micronix Group.
29.8.2024
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News
Financial services

KŠB Advises CONCENS INVESTMENTS on Financing Second Stage of Ostrava Airport Multimodal Park Project

KSB's team (Martin Krejčí, Tomáš Trávníček and Jakub Mehl) advised CONCENS INVESTMENTS on the financing of Stage II of the Ostrava Airport Multimodal Park (OAMP) project through TRINITY BANK.
23.7.2024
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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News

Contract Competition 2023

11.10.2023
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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
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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
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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
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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
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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.
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Aviation and aerospace
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Employment law
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Environmental Law
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9.12.2008
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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
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News

International Tax Relations

For the taxation period commencing 1 January 2008,  a newly concluded double-tax treaty between the Czech Republic and the Hashemite Kingdom of Jordan, which also prevents tax evasion in the area of income taxes, became effective.
9.12.2008
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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.
1.8.2008
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News

Transformation Act

Act on transformation of commercial companies and cooperatives (“Transformation Act”) takes effect from 1 July 2008. This new, comprehensive legislation applicable to commercial companies and cooperatives shall replace and supersede current provisions of the Commercial Code.
1.8.2008
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News

Concise Taxes

1.8.2008
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News

Legislative Process

The Chamber of Deputies of the Parliament of the Czech Republic is currently discussing amendments to the Value Added Tax Act and Income Tax Act.  We will inform you of these amendments in the next issue of Tax News.
1.8.2008
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News

Draft Amendment to the VAT Act

Pursuant to our information in the previous issue of Tax News, the Government presented a draft VAT Act to the Parliament of the Czech Republic. This long-prepared amendment primarily harmonizes the provisions of the Czech VAT Act with the provisions of Directive 2006/112/EC (the so-called Sixth Directive Recast) and provides suggestions for simplification and improvement of certain other provisions.
1.8.2008
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News

New Directives of the Council on VAT

In February 2008, two new directives of the Council on VAT were approved. Council Directive 2008/8/EC fundamentally changes existing rules for determining the place of performance for services, i.e. determining EU member states for application of VAT. Most new rules shall be introduced from January 2010, and the remaining ones shall be introduced gradually up to 2015.
1.8.2008
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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.
1.8.2008
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News

Grand amendment to VAT Act

On 17 July 2008, the Senate approved a bill to amend the VAT Act. The Amendment, subject to the President’s approval which is expected to be granted, will not take effect before 1 January 2009, but we would like to inform you well in advance of the major changes to be introduced due to the fact some of them will require adjustment of accounting systems and redrafting of commercial agreements. 
1.8.2008
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News

Tax on Capital Contributions

In February 2008, Directive 2008/7/EC on indirect taxes on capital contributions took force. Effective January 209, this directive cancels the original Council Directive 69/335/EEC on indirect taxes on capital contributions. This tax is applied in certain EU member states, but not in the Czech Republic.
1.8.2008
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News

KSB VAT amendment workshop

Since the VAT Act introduces many changes effective 1 January 2009 and preparation well in advance is highly desirable, KSB will hold a workshop specializing on VAT.
1.8.2008
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News

Information from the Ministry of Finance

1.8.2008
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News

Discount Applied for Determination of Tax Advances

1.8.2008
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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
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News

International Tax Relations

For the taxation period commencing 1 January 2008,  a newly concluded double-tax treaty between the Czech Republic and the Hashemite Kingdom of Jordan, which also prevents tax evasion in the area of income taxes, became effective.
1.8.2008
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News

Real Estate Tax

30.7.2008
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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News

International Agreements

24.7.2008
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No items found.

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.
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