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.
Perpetual certificates are primarily debt securities but have some features of equity securities (e.g. flexible redemption date). The absence of specific regulation (as encountered in the case of banking institutions) allows considerable flexibility in structuring the terms of the certificates, as well as in adjusting the terms of individual redemptions by the issuer. In this respect, perpetual certificates represent a significant innovation on the Czech financial market.
More information on the prospectus is available here.
Other articles
8.7.2025
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News
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. Het basenprospectus 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
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.
