European order for payment
European order for payment procedure simplifies the procedure for recovery ofuncontested civil and commercial claims (i.e. claims where there is no disputeover whether the pecuniary claim is based on sufficient merits of the case)between the Member States. The system introduced by Regulation (EC) No.1896/2006 of 12 December creating a European order for payment procedure shallallow the enforcement of uncontested payments using an EU-wide standardprocedure and avoid the necessity of dealing with unfamiliar legal procedures inforeign countries, since it shall be directly enforceable in all Member States(except for Denmark which opted out) with no further exequatur or procedurerequired. The Regulation comes into force on 12 December 2008.
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KŠB Assisted with the Refinancing of the BigBoard Group, a leading player in the premium outdoor advertising market
Our team provided legal advice to BigBoard Praha, a leading player in the premium outdoor advertising market in the Czech Republic, in connection with its refinancing. Founded in 1993, the BigBoard Group is the largest provider of premium outdoor advertising in the Czech Republic, with an approximately 70% market share and annual turnover of around CZK 2 billion. Its advertising media cover key locations across the country, including the Prague metro and major transport hubs.
KŠB Assisted Sandberg Capital with a Majority Investment in HotelTime Solutions
The KŠB team provided legal advice to the investment group Sandberg Capital on the completion of a majority investment in HotelTime Solutions, one of the leading providers of cloud-based software for hotel operations management.
KŠB assisted Seyfor with the extension of its financing provided by Raiffeisenbank, Tatra banka and, newly, Slovenská sporiteľňa.
The KŠB team provided legal advice to its long-standing client Seyfor in connection with the continuation and expansion of its syndicated financing. The existing lending banks, Raiffeisenbank Czech Republic and Tatra banka, decided to continue supporting Seyfor’s growth, with Slovenská sporiteľňa joining the financing as a new lender.
