Czech Republic

Reviews

Practice area

IFLR1000 Reviews

Overview

Solicitors governing body: Česká advokátní komora - The Czech Bar Association 

Competition authority: Úřad pro ochranu hospodářské soutěže - The Office for the Protection of Economic Competition

Financial regulator: Česká národní banka - Czech National Bank

IFLR1000 ranking categories for this jurisdiction:

Financial and corporate (published October) – Banking, Capital markets, M&A, Restructuring and insolvency 

Energy and infrastructure (published June) - Energy and infrastructure

Jurisdiction overview

Czech Republic’s legal market is diverse. Large domestic firms with regional networks and local boutiques vie for mandates with branches of Austrian firms, members of the magic circle and some of the leading advisors from across the Atlantic. 

International firms with the most prominent presence in Prague are Allen & Overy, Baker & McKenzie, Clifford Chance, CMS, Weil Gotshal Manges and White & Case. Among the local firms BBH, Glatzová & Co, Kocián Šolc Balaštík and PRK Partners are arguably the stronger when it comes to transactional work. 

For historical and geographical reasons, Czech Republic and Slovakia’s economies have ties. Until the dissolution of Czechoslovakia in 1993, the two countries were one. Consequently, a number of local firms have offices and clients in Bratislava. 

The contingent of international firms in Prague is not as large as it once was. In the recent past, the Czech economy has had its ups and downs, with perhaps more of the latter. After the financial crisis, FDI shrank as the economy contracted, and those foreign firms largely dependent on inbound business suffered. In some cases to the extent they withdrew from the country entirely. In quick succession in 2014 both Hogan Lovells and Norton Rose Fulbright announced they would be exiting Prague. There have been rumours that others may follow, but the local economy has recovered well in the last 18 months and there have been no further departures.

Deal work for firms in Czech Republic is typically bank financing and M&A or private equity. Corporate restructuring and insolvency work increased after the crisis, but most of the substantial cases have been resolved or in the process of being. Czech corporates do not typically use the capital markets for financing, preferring more conventional methods. But debt capital markets work is becoming a busier area for law firms with an increasing amount of corporate bond issues. 

Ben Naylor - Journalist - EMEA

Financial and corporate
ZCH Legal

ZCH Legal is active in M&A work, advising a number of firms in across the manufacturing and construction sectors.

The firm also represents construction firm Leyrer and Graf and Mercedes Benz Financial Services.

Client feedback 

“Very professional and customer oriented law firm. Always provide us with a high standard of services.” – Banking, insolvency 

 

Allen & Overy

Allen & Overy’s Prague office is generally good in transactional work and particularly strong in lending and finance, including bond issues, structured products, and derivatives. On finance deals the firm typically works for lenders. 

In the banking and finance area the firm’s recent work highlights were a mix of new money deals and refinancings. The deal types were generally corporate, export, project and acquisition financings, and the firm was mostly on the side of the lenders.  

Capital markets work for the firm mostly concerned bond issues where the firm advised the arranger. It is also worked on a structured product programme for a bank and provided regulatory advice to lenders around the implementation of MiFID II. 

In the M&A, real estate was one of the more active sectors for the firm, but it also worked on several deals in the media industry. The deals involved public and private companies and private equity and strategic buyers.  

In the restructuring and insolvency area, is representing creditors in five ongoing cases some of which reached litigation. 

A notable staffing change at the firm was the departure of the firm’s most experienced banking and finance partner and practice head, Vaclav Valvoda, in 2018.

The Czech Export Bank, UniCredit, and Moneta Money Bank are a few of the firm’s longstanding clients. 

Client feedback

“Allen & Overy is one of the top choices. Allen & Overy is widely recognised as a leader in banking, financing, capital markets and derivatives. They are real professionals.” - Banking, capital markets

“Always very professional and effective.” - Banking

“Excellent technical knowledge joined with very pleasant personal approach.” - Capital markets 

“I appreciate the excellent expertise of the lawyers and cost-effective outputs.” - M&A

“Very hands-on approach, good knowledge of the business and the industry.” - M&A

“The cooperation with Allen & Overy in Czech Republic has been a wonderful experience. The team is well structured and organised.” - Banking and finance

 

“I am very satisfied with the work which A&O produces. They have deep technical and business knowledge of the issue and they have a very pro-client approach. I can also leverage on their extensive international network.” - Financial and corporate

 

BADOKH

BADOKH has been active during the research period in banking and finance, project development, and restructuring and insolvency, the firm’s key area of strength.

In banking and finance the firm was particularly active during the research period as borrower’s counsel, advising Bohemia Energy, ZOOT, and OKD on loan facilities. The firm also advised Trikaya Asset Management on two acquisition financing agreements in the retail sector.

In M&A the firm worked on a number of confidential deals in the energy sector, advising on the sale of assets to foreign investors and on joint venture projects.

 

The firm advised Vitkovice Gearworks, Energy and Power Engineering on debt restructurings, in the latter case also holding negotiations with the Czech Export Bank. The firm also advised OKD on its debt restructuring. Partner Peter Kuhn is a member of the Czech Republic’s insolvency law committee, assisting in drafting a new insolvency law.

Client feedback

“Very professional and fully engaged team." - Banking, restructuring and insolvency

Petr Kuhn

"Very professional, good overview of business sector, very calm in difficult situations."

Jakub Dostal

"Experienced and dedicated."

 

 

 

Baker McKenzie

Baker McKenzie’s Prague practice is good in all areas of law covered by the rankings. Energy is a sector in which the firm has expertise. 

In banking and finance the firm’s recent work included several large acquisition financings for borrowers, and lender side roles on refinancings and debt restructurings.

Capital markets deals for the firm included advising on the refinancing of a high-yield bond and assisting two clients in delisting from the Warsaw Stock Exchange. 

In M&A the firm was involved in several high profile inbound deals for buyers, representing Unilabs when it bought AeskuLab and Alpha Medical, and PKN Orlen in its bid to takeover Unipetrol. 

The firm’s restructuring and insolvency work has included roles for creditor and liquidators in ongoing cases. 

Longstanding clients of the firm include Československá obchodní banka (ČSOB), EPH, and Komerční banka.

Client feedback

 

“Highly responsive, flexible and professional team. Very nice to work with." - Banking 

 

Balcar Polanský & Spol

Balcar Polanský & Spol was active during the research period in M&A, as well as restructuring and insolvency. The firm advised on a major real estate acquisition, and acted as local Czech counsel on the merger of Aspen Europe and Aspen Pharmacare Ireland.

In restructuring and insolvency, the firm represented lenders including the China Development Bank, ING and Czech banks in cases.

Client feedback

“We are happy with the services BP provides. They are able to help us solve complex issues related to corporate and M&A work. Recently they provided GDPR related advice." - M&A 

 

BBH

BBH has a good financial and corporate offering, especially in the banking and finance area. The Prague office employs several financial services regulation specialists, who are experienced in lending advice and bond and structured finance issues. In corporate transactional work the firm is often seen on large Czech private equity deals, and it acts for one of the country largest financial investors. 

In the banking and finance area the firm’s recent highlight work has been a mix of regulatory advice for banks and lending advice for borrowers seeking corporate or acquisition finance.

In the capital market area the firm has had advised on several regulatory capital issues, mostly for lenders but also – in what was a first in the Czech Republic – by a non-bank. Other work in the area was generally issuer-side roles on bonds.

The firm secured roles on M&A deals in sectors including retail, automotive, financial services, and media. The firm had a number of sell side roles, including advising Skoda on the sale of the company to PPF.  

Some of the firm’s regular clients are PPF, Raiffeisenbank and Rockaway Capital.

 

bpv Braun Partners

bpv Braun was active during the research period in banking, M&A and capital markets. 

The firm advised Raiffeisenbank on a financing of Euro Mall City, and supported Mayer Browm in its advice to Prowell on a notes issue. In M&A, the firm advised shareholders in Eursun in the sale of a majority stake to Jokso Group, and advised on a number of sales in the real estate sector.

Client feedback

“We hired bpv Braun Partners as we were impressed by their engagement and enthusiasm, and they applied the same attitude we were expecting from them. We have been pretty impressed by their professionalism and deep knowledge of legal issues, but also their flexibility and tremendous value for money. The firm was responsive, easy to work with and able to deliver the requested legal works in a short time. We are very satisfied with the work provided by bpv Braun Partners and we would recommend them to anybody else." - M&A

 

CHSH Kališ & Partners

During the research period CHSH Kališ & Partners was active in banking and finance and restructuring and insolvency. 

In banking and finance the firm advised Office Depot and the Czech Export Bank on financing agreements.

In M&A the firm advised FCC in a number of real estate acquisitions.

In restructuring and insolvency the firm advised Vitkovice Heavy Machinery in relation to their insolvency proceedings.

Client feedback

“The members of the CHSH team were always very reliable and always there for us when we have any issue to be solved. Firm has mainly a really good practice and experience in the field of insolvency and financing. For CHSH, nothing is a problem and they always try to find good solutions. The lawyers of CHSH are not scared to deal with difficult tasks and always react in a short time. They also have really good details about our company group sector, which we really appreciated, as every business is very special and individual." - Banking, restructuring and insolvency 

“Very cooperative and solution-oriented team." - M&A

“Broad experience in the field of public procurement." - Banking, M&A

 

Martin Kartner

"Martin is an extremely energetic person, who would pick up our calls at any time of a day. He is always up to date with every issue and he always provides very to-the-point answers and advice. He always warns us about any risks and assesses the best solution, keeping in mind our business.  He is also great speaker and negotiator."

Eva Ruhswurmová

"Diligent and responsive."

Lukáš Srbecký

 

"Always available. Very professional help."

 

Clifford Chance

 Clifford Chance has broad expertise in Prague, with banking and finance, capital markets and M&A practitioners experienced in large, complex deals. The firm is also one of the leading energy and infrastructure specialists in the country. 

In the banking and finance area the firm’s has been involved in a series of large refinancings by Czech corporates, representing the lenders. The largest was EP Infrastructure’s where the firm advised lead arranger Unicredit. 

In capital markets, the firm advised bookrunners on two large bond issues in the real estate sector and is working for an issuer on a sizeable IPO. 

Recent M&A deals for the firm spanned the automotive, gaming, IT, and media sectors, among others. It had buy and sell side roles on mostly strategic deals. 

The firm’s restructuring and insolvency mandates have predominately been representing creditors in the insolvencies of Czech companies. 

Československá obchodní banka, Unicredit, PPF, and KKCG Investments are some of the firm’s key clients. 

Client feedback

“Clifford Chance is a leading law firm in Czech Republic with extensive knowledge in regulatory practice, ranging from corporate finance, restructuring and regulatory advice in both domestic and offshore markets. Staffed by a team of skilled and experienced lawyers with very broad coverage of the global financial law and links to the developing world of financial markets and regulation, this is the perfect mix for any public body working on policy and implementation." - Banking, restructuring 

 

Dentons

Dentons Prague office is strong in banking and finance and restructuring. Real estate is sector of expertise for the office. 

In the lending area, the firm secured roles on several acquisition financings in the research period with borrower and lender roles.  It was also involved in several export financings for banks. 

A notable capital markets deal for the firm was its advice to Residomo on a large senior secured notes issue.  

Dentons has a strong CEE private equity practice led out of Budapest, and the Prague team was involved in a number of deals for regional and domestic PE houses. The firm’s strategic M&A deals were a mix of roles on multi-national deals as part of an international team, providing local advice, but also included out-bound deals by Czech clients and inbound deals such as Carlsberg’s acquisition of a domestic brewery.  

Recent restructuring mandates for for the team were mostly roles for creditors. It continued to represent a secured creditor in Vítkovice Machinery Group’s ongoing case, for example. A debtor side role sees it assisting Motorpal with its pre-pack. 

Česká spořitelna, Unicredit, Komerční banka, and Československá obchodní banka are some of the firm’s longstanding clients. 

Client feedback

“High professionality, flexible in communication." - Banking, M&A

“Highly educated staff coming with the proposals and solutions, deep knowledge of the respective area, acceptable costs." - Banking

“Only strengths no weaknesses. Perfect cooperation with the bank and also with our clients, excellent team of lawyers, one of the best law firms in Prague for real estate financing." - Banking, project development, project finance

“Professional attitude and legal services provided at the highest level, quick response time and pro-client approach." - Insolvency, project finance, M&A 

“Providing clear precise advice at an agreed time based on good knowledge of the relevant market." - M&A

“Tomáš Osička now partner in Dentons Czech republic, had a willingness to help and proactively solved all obstacles during the transaction. Detailed knowledge, extremely focused on his work and the sense to find out the best options for the customer. Complex advice during the transaction with unforced professionalism and natural human approach. Excellent people who did an excellent job." - M&A

“We are very satisfied with Dentons due to their professional attitude, expertise, understanding of our needs, very supportive and trying always to help." - M&A, restructuring

“Well synchronised team working towards schedule, anticipating client needs and providing useful hints in legal structuring." - Banking

“Dentons are always at our disposal and make decisions also during weekends or late in the evening/night. They are always ready to advise and review or discuss over the phone. Very skilled, friendly, knowing the market standard, having good relations with financing banks and on the ball." - Banking, capital markets, M&A

“Good knowledge and know-how in particular transaction types; ability to work towards achieving the goal and ability to drive the process in critical phases; flexibility in solutions; good understanding of the key deal pillars and critical points." - Banking, capital markets, investment funds, M&A

 

Eversheds Sutherland Dvořák Hager

Dvořák Hager & Partners is recognised in M&A and banking and finance, and has been active in restructuring and insolvency during the research period. 

In banking and finance, the firm advised Crédit Agricole on post-closing issues related to a package of receivables, and both EQUES and Komerční banka on acquisition financing. 

In M&A the firm advised CEHA Investment on its acquisition of Čermák a Hrachovec, and worked alongside Eveersheds Sutherland on Czech aspects of Jonas Software’s acquisition of Bookassist.

The firm represented a number of creditors in insolvency proceedings.

Client feedback

“Experienced and knowledgeable team." -  Capital markets, M&A, project development

“Rarely seen such a high class and professional advisory service. Very happy to be working with this firm and recommending them highly." - M&A, project development, restructuring 

 

“Long track record, very strong team, multidisciplinary law firm, excellent local knowhow and international network." - M&A 

 

Giese & Partner

During the research period Giese & Partner was active in M&A and banking and finance.

In banking and finance the firm advised Landesbank Hessen Thüringen and PBB on the refinancing of a loan. Indeed, PBB have been a regular client of the firm, which has also advised on financing the acquisition of a real estate portfolio.

In M&A the firm advised Seves on the sale of its Czech manufacturing plant, and advised the purchasers on a number of M&A deals in the manufacturing sector. The firm also advised Endurance Capital on the purchase of Quarotek.

The firm was particularly active in the real estate sector, advising on the financing of a number of acquisitions.

Client feedback

“Long-term relationship with trustful and reliable lawyers.” – Banking 

“Very professional advisory, quick feedback, strong negotiation practice. Long-term relationship, so the internal bank standards are known to the law firm, a very professional partner worked on the deal.” – Banking

 

Glatzova & Co

Glatzova & Co has experience in all areas of work covered by the rankings but is recognised most for M&A advice. The firm is often mandated as local counsel on international deals where a party has Czech assets.

In the banking and finance area, recent deal highlights included advising several foreign multinational borrowers on the local law element of large cross border loans. The firm also advised lenders on smaller cross border deals.

Bond issues dominate the firm’s recent portfolio of capital markets deals with the firm typically having issuer side roles on the transactions, which included several bond issues by funds.

Recent M&A deals for the firm were mostly strategic with a mix of buy and sell side roles. The deals were in various sectors including automotive, manufacturing, technology, and real estate.

In restructuring and insolvency the firm has had roles for creditors, debtors and claimants in proceedings. Several of the cases involved companies in the energy sector.

 

Komerční banka and Raiffeisenbank are among the firm’s notable clients. 

Client feedback

“Strong company with excellent knowledge of local and international laws." - Insolvency, project development, project finance

“What we like is the flexibility, ability to get contracts right with little further iterations necessary and also their negotiation skills." - M&A

“One of the few lawyers that does not point at problems but always comes up with solutions. Great value for money." - Insolvency, M&A

“We have been very pleased with Glatzova's service. They are very knowledgeable and effective.  They always provide clear advice, and they are very quick to respond. They also speak good English which is valuable for a large multi-national like us. Their rates are very reasonable as well." - M&A, project development 

“Professional services, great legal support and excellent communication." - Insolvency, project development

“Experts, always take care of their clients, always keep promised terms of delivery and always give feedback and work even on weekends." - Banking, M&A

“Very professional and adequate advisory role, true partnership, excellent communications, high level of professional knowledge." - Banking, capital markets, M&A  

“The overall impression is very good as usual. Great communication, prompt response, high level of knowledge and the simplicity of a legal solution." - Banking, capital markets, M&A, project development

Martin Dančišin

"Very experienced lawyer with perfect knowledge."

"Flexible, high legal expertise overlapping into business and other areas. Professional communication, has creative ideas in transactions, and can be very improvised in finding solutions."

Vladimira Glatzova

"Vladimira has extensive experience in business transactions."

Libor Němec

"Absolutely professional."

Jiri Sixta

"Very flexible, honest, quick, and doesn't make mistakes."

 

 

Kinstellar

Kinstellar’s Prague office has strong lending, capital markets and M&A / transactional private equity practices. 

The firm’s banking and finance highlights were predominantly large cross-border acquisition finance deals where the firm represented the lenders.  

Capital markets highlights for the firm include an underwriter role on an IPO and arranger and issuer roles on a bond exchange offer and bond restructuring respectively.

In M&A the firm recent mandates were a mix of buy-side domestic private equity deals, large international deals (where it had a local counsel role), and cross border deals involving a Czech seller.

In the projects area the firm is advising a developer on a gas interconnector, assisting Cez with unbundling, and working on a prison PPP. 

Credit Suisse, Citibank, Genesis Private Equity, and Raiffeisenbank are a few of the firm’s key clients. 

Client feedback

“Business oriented, value for money, CEE region coverage." - Banking, project finance

“Excellent senior partner in Jan Juroska. Solid, reliable and in complex issues creative and competent. Generally very good in transaction support." - Banking, M&A, private equity

“I appreciate the quality and knowledge of the local market." - Banking, project finance, M&A

“People in the team are very nice, always helpful. They managed to negotiate and close an extremely complex and complicated deal within a very ambitious deadline." - Banking, M&A

“Very impressive. They were able to combine their market knowledge of the European leveraged finance market with a deep understanding of Czech law issues to provide a commercial and specialist service to our clients." - Banking  

“Long-term relationship with trustful and reliable lawyers." - Banking 

 

Kocián Šolc Balaštík

Kocián Šolc Balaštík is generally good in transactional work and has an experienced projects practice. Power is a sector is which the firm has expertise. 

Recent lending highlights for the firm included a numerous mandates for J&T Banka when it provided financing for acquisitions, real estate developments and businesses. 

The firm’s recent capital markets activity was predominantly issuer side roles on bonds including several large issues by Energo-Pro.

Recent M&A deals for the firm were predominantly strategic deals and the power sector was the most active industry for the team. A highlight was acting for KMV on the acquisition of PepsiCo’s CEE bottling business. 

In the projects area the firm is advising on developments in the power and mining sectors, representing developers. 

J&T Banka and Energo-Pro have been two of the firm’s active clients. 

Client feedback

“KSB is an excellent firm in what they do, having an in-depth knowledge of securities law, which is primarily what we use them for." - Capital markets  

“Extensive expertise in major but also in niche areas, reliance and quality of services provided, flexibility, account management, communication and project management, efficient value-for-money ratio." - Banking, capital markets, investment funds, M&A, project finance 

“Technically very good, very professional, highly responsive and commercial." - M&A

 

 

 

Peterka & Partners

Peterka Partners was active during the research period in banking and finance, restructuring and insolvency and M&A. 

In banking and finance, the firm has represented Komercni Banka, Raiffeisenbank as lenders counsel in financing projects, notably in the real estate sector.

In M&A, the firm advised Iveco on its acquisition of Komersia and Aristo Pharma on the acquisition of a Czech pharmaceutical company, alongside many other transactions, in which Peterka Partners most often represented the acquirer.

The firm worked on a number of insolvency deals as creditor’s counsel, often with Raiffeisenbank.

Client feedback

“The work was extremely well coordinated across 3 jurisdictions. PP were very responsive and interacted well with the funder's counsel." - Banking  

 

PRK Partners

PRK Partners has a strong banking and finance practice and is recognised as one of the most experienced firms in the market for Czech law debt capital markets issues. 

In the baking area the firm advised the lenders as local counsel on several large cross-border acquisition financings, and a loan and project financing refinancings. 

In the capital markets area the firm’s transactional work was mostly roles for arrangers on bond issues.

The firm’s recent highlight M&A deals included a sell side role for a company exiting the Czech Republic and a buy side role on a share acquisition. 

In restructuring and insolvency the firm is representing foreign creditors and other claimants in insolvency proceedings relating to Czech companies

Komercni banka, Unicredit, and J&T Banka are among the firm’s significant clients. 

Client feedback

“Good effectiveness and client service." - Capital markets

“Great product knowledge: we used the firm in what was our first bond issue and had little knowledge ourselves, so we required more hand holding that a more versed client would need. Market reputation: the firm's good name in bonds in the local market was a massive help when we were dealing with our counterparts (agents, banks, etc.). Whilst the counterparts knew that we were 'green', the fact that we were using PRK improved our position vis-a-vis those third parties." - Capital markets 

“Very good knowledge of local capital market standards. No additional costs in case of unexpected events in transaction  Good relations with all important participants of the transaction (regulator - Czech National Bank, Stock Exchange)." - Capital markets

“In my opinion one of the best legal firms in the Czech market." - Project finance

Randa Havel Legal

Randa Havel Legal has been active across banking and finance, M&A, and restructuring and insolvency. 

In banking and finance the firm advised on a number of insurance matters for the Export Guarantee and Insurance Corporation, including the financing of the Adularya power plant in Turkey. The firm also advised Finkova Oy on a financing as part of its insolvency.

In M&A the firm represented a number of investment funds in acquisitions, including Hartenberg, and JUFA investment group in a number of its acquisitions, including Brno Solar Park, and FVE Solnice.

In restructuring and insolvency the firm represented debtors including Zauner Anlagenbau.

 

Squire Patton Boggs

During the research period Squire Patton Boggs was active in banking and finance, capital markets, and M&A.

In banking and finance the firm has regularly advised key client the Czech Export Bank on financing acquisitions. The firm also advised a number of financial institutions on financing projects. The firm also represented a number of developers in acquisition financing in the real estate sector.

In M&A the firm advised Aspironix on a shareholder buyout, and Park Ohio Industries on its acquisition of Heads & Allthreads as local Czech counsel. The firm also advised Atomenergoremont on the auction CEZ Group’s Bulgarian distribution system.

Client feedback

“Very knowledgeable, fast, accurate, pushing things forward, professional, working after hours as necessary.” – M&A, restructuring 

“We do appreciate the 100% professional approach, reliable, always ready to help (meaning almost 24/7), always trying to find solutions for us.” – Banking, restructuring 

 

Taylor Wessing e|n|w|c

Taylor Wessing is active in M&A, where the firm advised Biotest, a key client, on the acquisition of Czech company Cara Plasma, and Ewerk on its acquisition of a number of Czech software companies recently.

The firm has also been active in a number of confidential corporate restructurings. 

Client feedback

“The Taylor Wessing Czech Republic team performed high quality work, showed competence in the required fields and worked very hard to get the transaction done in the given time frame. The team showed great flexibility during the course of the transaction and were always very responsive and available for discussions when any issues arose.” – Banking 

 

Vejmelka & Wünsch

Vejmelka & Wünsch is active across banking and finance, M&A, and restructuring and insolvency.

In banking, the firm advised FVE III Tuchlovice on a refinancing issue, and advised on a number of share transfers in M&A.

In restructuring and insolvency the firm has represented a number of creditors in insolvency proceedings.

 

Weil Gotshal & Manges (ceased trading January 2019)

Weil Gotshal & Manges’ strongest practices are M&A and projects. The Prague office has strong relationships with the Czech government and several of its state-controlled entities. These clients rely on the firm for all the types of work covered by the rankings, and see the firm often involved in large deals. Banking regulation, power, and infrastructure are areas in which the firm is highly experienced. 

The firm’s recent banking work included some large lender side financings and a number of regulatory mandates on behalf of banks.

In the capital markets area, the firm has mostly been working on debt issues, including several large programmes for Cez and a regulatory capital issue by a bank.

In M&A the firm has been involved in a series of large cross-border deals, which were mostly strategic, for both international and domestic clients. The transactions were in the energy, gaming, manufacturing and pharmaceutical sectors. 

In the projects area the firm has been focused on road projects. It is advising the country’s national authority and the Ministry of Transport on developing new roads and the renovation of existing infrastructure, in addition to potential legislative changes.

Recent restructuring and insolvency mandates for the firm included assisting Westinghouse with the Czech aspects of its Chapter 11 restructuring, and advice to Skoda in the insolvency of a supplier.  

Cez, Moneta Money Bank, and the Cxech Republic’s road authority are among the firm’s key clients. 

 

White & Case

White & Case is one of the leading firms in the Czech Republic for high-end cross-border transactions in all areas covered by the rankings, helped by its significant England and Wales capability in Prague and the wider region. The firm’s sector expertise is broad too, encompassing banking, power, manufacturing, real estate, and investment management. 

In the banking area the firm advised on a number of large cross-border loans involving Czech borrowers or targets. A highlight was representing PPF Group on financing its acquisition of Telenor’s CEE telecommunication assets. Other notable work included many lender side roles on export financings and corporate loans. 

Notable capital markets deals for the firm have been predominantly been debt issues. The firm had arranger side roles on large bond issues by Czech corporates and advised lenders on programmes. 

In M&A many of the firm’s headline deals were buy side roles representing private equity houses or the Czech Republic’s largest financial investors.  

Project highlights for the firm included work for the government on the country’s first road PPP and a number of power infrastructure developments, acting for developers.  

In the restructuring and insolvency area the firm as mostly been advising creditors in cases relating to Czech companies. 

Ceska sporitelna, Ceskoslovenska obchodni banka, Komercni, PPF Group, and Mid Europa Partners are some of the firm’s regular clients. 

 

Wolf Theiss

Wolf Theiss has been active across banking, capital markets and M&A. 

In banking, the firm has primarily been active in acquisition financing, particularly in the real estate sector.

In capital markets the firm advised NN Investment Partners on the implications of MIFID II regulations.

In M&A the firm advised Energiser Holdings on its acquisition of Spectrum Brands and VARTA Consumer Batteries, as Czech counsel, and investment funds including Valeo and New Mountain Capitol on investments in the Czech market.

Key clients include Vienna Insurance Group, WPP, and KKCG Group.

Client feedback 

“Because they work internationally, in particular in the CEE region, this is an advantage.” - Banking