KSB helps create the first Czech crowdfunding equity platform02/06/16 / News
In recent days, Fundlift, the first domestic platform focused on equity crowdfunding has launched its operations. It is a joint venture of the financial group Roklen and the investment group Rockaway.
KSB as legal counsel assisted in the preparation and implementation of the entire Fundlift project, as well as in connection with the first offerings of the platform.
Equity crowdfunding is a form of raising capital for small and medium-sized innovative companies seeking capital for further growth. Fundlift enables them to attain such external capital resources through the issue of securities which will be offered to the general investing public. Equity crowdfunding is a major innovation in Czech law requiring the resolution not only of regulatory restrictions but also the implications of relatively rigid corporate changes in the Law of Corporations.