Clifford Chance in Prague is pleased to announce that it has successfully represented HID in its recent acquisition of Sewio Networks, a prominent provider of Ultra-Wideband (UWB) Real Time Location Systems (RTLS). The strategic purchase, announced on August 6, 2024, aims to enhance HID’s capabilities in asset management and smart factory automation within the industrial … Continued
A&O Shearman represented České Radiokomunikace (CRA), a premier multi-asset digital infrastructure platform in the Czech Republic, on a CZK 5 billion refinancing transaction arranged by Komerční banka, Česká spořitelna, ING, Citibank, PKO Bank Polski, Raiffeisen Bank and Tatra banka as lender partners. Ultimately owned by the London Stock Exchange-listed by Cordiant Digital Infrastructure Limited, CRA … Continued
Following recent successful acquisition of Avenga group into the Aricoma Group, Clifford Chance has advised KKCG’s IT pillar on the integration of the acquisition debt into the Group’s umbrella financing. The deal involved not only refinancing of existing loan used for acquisition of Avenga but also extension of further new funds to the Group. Following … Continued
By Chris Lean, Chief Investment Officer, Aisa International Following on from Part 1 we can look in more detail about whether one should apply for a UK TTFAC – Transitional Tax-Free Amount Certificate. Perhaps the easiest way to demonstrate the options would be a summary below*. I should point out that the assumption is that … Continued
The Prague office of Clifford Chance advised Československá obchodní banka (ČSOB), one of the major Czech banks, on the financing of the acquisition of Solarpark Kameničná by a member of the Enery Development group. This marks yet another successful acquisition financing of Enery Development completed with the legal support of Clifford Chance. The Banking & … Continued
As class action claims across Europe hit new record high New peak: 133 class action claims were filed across Europe in 2023, the highest number to date. 2023 saw “opt-out” class actions outnumber “opt-in” class actions for the first time in Europe. UK at risk forefront: The UK remains the highest-risk jurisdiction for class … Continued
By Chris Lean, Chief Investment Officer, Aisa International From the 6 April 2024, there have been some changes to how death benefits and lump sums are taxed from the UK. At this point it is important to state that, where a Double Tax Treaty exists between the host state (in this case the Czech Republic) … Continued
A&O Shearman announced today that it has advised J&T IB and Capital Markets, a.s. as the arranger, and Česká spořitelna, a.s., J&T BANKA, a.s., Komerční banka, a.s., and PPF banka a.s., as the joint lead managers on the establishment of a bond programme of KKCG Financing a.s. (a wholly-owned KKCG subsidiary) and the inaugural CZK … Continued
Our member Business Leaders Forum invites you to attend the ESG Leadership 2024 on September 16 in Prague. This event features discussions on sustainable business models from top Czech and international leaders. Highlights include expert panels, practical success stories, the presentation of the new Czech Sustainability Leader Award, and insights from the IPSOS survey on … Continued
By Chris Lean I was talking to a colleague the other day, about the first time I recommended a key person insurance policy and how I tried to sell it to a non-key person. It was 1991 and I had just been on a course about life insurance and business protection and was visiting a … Continued