IFLR1000 Reviews

Financial and corporate

Established in 1993, PRK Partners is a Czech full-service firm, with regional offices in Prague and Ostrava and offices in the Slovak Republic. Its Prague and Ostrava offices employ more than 60 lawyers, including 15 partners. The firm is also a part of the Lex Mundi legal network.

 

Focusses / specialisms 

The firm has a particular focus on banking and finance, capital markets, M&A and restructuring and insolvency deals. The firm’s practice has a significant presence in the energy, automotive, food and drug, media, banking/financial/insurance sector, IT and telecommunication sectors.

 

Key clients

Key clients for the firm include Raiffeisenbank, Société Générale Group, Erste Group, UniCredit Group, J & T Banka, SAB Finance, BlackRock, Continental, Anheuser-Busch InBev and Universal Music Group.

 

Research period review: 33rd edition (2023/2024)

During the research period the firm was active in banking and finance, capital markets, M&A, project development and restructuring & insolvency.

In banking and finance the firm’s work focused on many lender side financings for clients in private equity or financial services.

In capital markets the firm was active in both debt and equity capital markets and their work focused on assisting issuers and arrangers in financial services on transactions.

In M&A the firm worked on acquisitions and investments for clients connected with the energy, manufacturing and technology sectors.

In project development the firm’s work focused on assisting clients in the energy, real estate and mamufacturing sectors on various projects.

In restructuring and insolvency, the firm worked on a mix of restructurings and insolvencies for mainly creditors linked to the mining, energy, transport and manufacturing sectors.

 

Deal highlights: 33rd edition (2023/2024)

Arca Investments insolvency

EPH $144 million bond issue

TIP Trailer Group €1.39 billion financing

Western City $177 million project

Yokohama Rubber $2 billion acquisition of Trelleborg

 

Client Feedback: 33rd edition (2023/2024)

 

Capital markets

“Well-orientated, reliable, knowledgeable.”

“Experienced legal adviser, responsible, reliable.”

 

Leveraged finance

“They are very knowledgeable in their markets and were very responsive and clear and appropriately thorough in their input.”

 

Project development

“A flexible, quality company.”

“Professional attitude, friendly, knowledgeable.”

“Attention to detail, direct and personal interaction.”

“Jakub Lichnovsky and his team have long-term experience with legal advisory to foreign investors in the industry, with in-depth understanding of the automotive sector. PRK has been providing us with comprehensive legal guidance in a variety of our projects and legal matters, and the advice of PRK helped us to avoid risks, delays and related additional costs. The involvement of PRK has been beneficial in setting up strategy, planning, negotiation and establishing a system in all aspects of work. Jakub’s complexity and attitude is unique as well as his experience in project management, real estate and construction and the commercial aspects of the project development and implementation. PRK's services are always prompt, well structured, and supported with relevant facts and legal research. Management of risks from financial, legal and technical perspectives is key and PRK Partners is able to cooperate closely with other departments in our firm.”

“Precise, quick and very erudite and business-orientated.”

“PRK Partners are not only excellent lawyers, but they also have technical and organisational skills.”

 

Project finance

“As the residential project in which PRK Partners assisted us is quite innovative, we greatly appreciated the width of legal practice areas that PRK Partners is able to cover. In addition to the banking team we could also cooperate with experts from PRK Partners specialising in other legal areas and consult them on other legal aspects of the project. When it comes to purely banking work, I must highlight that PRK Partners' lawyers perfectly combined their in-depth knowledge of the issues related to the loan and security documentation with their understanding of the main concerns of the bank and needs of the project. They were able to briefly and clearly explain an issue to us and distinguish key points from non-essential ones, which helped a lot to focus on the important aspects and, as a result, make the work more effective.”

 

Jan Ditrych

“Well experienced.”

“Experienced, responsible and reliable.”

 

Kristýna Faltýnková

“She effectively accommodates the client’s needs in changing circumstances and handles professionally any unexpected situation, if needed. Kristýna deals with any matter thoroughly while staying focused on the big picture. She perfectly combines her litigation expertise with her knowledge of real estate law which brings a significant added value.”

 

Jan Kohout

“Jan Kohout, a partner at PRK Partners, led the banking team that worked on the project. I found Jan to be an expert in the area of banking and a skilful manager of his legal team. I appreciated especially his business-orientated approach and focus on the key issues and finding of their solutions. He had excellent understanding of the needs of the project and also the concerns of the bank, which together with his excellent communication skills helped to move things forward. He was able to organise his team to always deliver its outputs timely and to a professional quality.”

 

Rudolf Kožušník

“Very high erudition."

 

Jakub Lichnovsky

“Looks for solutions and gets things done.”

“Jakub is an exceptional lawyer with amazing knowledge and abilities to find solutions.”

“Jakub’s strength is in the combination of his complex approach and unique experience with which he is able to evaluate the risks of a project, set up a strategy accordingly and generally assist the client throughout all phases of the project. Jakub is able to focus not only on the legal side of the project, but takes into account all other aspects (including business and commercial considerations) of a project in its complexity, which is of great value, as such approach ensures that all legal and commercial issues are covered. Jakub's advice is well structured and coordinated. All deliverables were of a high professional standard. Jakub is excellent in communicating our issues with state authorities and our business partners, thus achieving desired results.”

“Very good erudition, highly business-orientated.”

 

Roman Pečenka

“Roman Pečenka understands the client´s needs very well because he is very specialised in real estate matters. He also understands very well the specifics of infrastructure projects and most notably their operation – this has a very important positive effect on his recommendations and negotiations with developers. We appreciate his ability to solve problems quickly and efficiently while always having a business-minded approach, outside-the-box thinking and an open mind.”

"He is meticulous, has great knowledge.”

 

Jana Pekařová

“High erudition.”

 

Jan Varecha

“Jan is very responsive, thorough and clear, and was always available when required to discussed Czech-related points or documents.”