Agrofert Wins Final Decision in Dispute with United Bakeries
United Bakeries was ordered to return a CZK 100 million advance payment to Agrofert for a thwarted merger with Agrofert Group company Penam, which - according to the court - United Bakeries wrongly charged as a contractual penalty. Moreover, United Bakeries must pay default interest of CZK 36,000,000, plus the costs of the court proceedings.
The High Court in Prague thus upheld last May’s verdict by the Municipal Court in Prague, in which the court held that Agrofert was not responsible for the failed merger. The dispute began in 2011.
Other articles
KŠB once again assists with ČEZ’s General Meeting
The KŠB team, consisting of Jana Guričová, Martin Kubík and Jan Lasák, led by Petr Kasík, provided legal support to ČEZ in connection with the preparation and conduct of its Annual General Meeting.
DNS – What Now Constitutes a Commonly Available Supply or Service
Professional literature has traditionally compared a dynamic purchasing system (DNS) to a standard online purchase. However, in its judgment No. 22 As 15/2025-65 of 12 May 2026, the Supreme Administrative Court significantly refined this understanding.
KŠB Advised J&T IB and Capital Markets on the 3M FUND MSI SICAV Bond Program
Kocián Šolc Balaštík provided legal advice to J&T IB and Capital Markets, a.s. as the arranger in preparing the base prospectus for 3M FUND MSI SICAV a.s.’s bond program.
