Commission presents proposal for Third Postal Services Directive
The EU is entering the final stages of a 15-year process to render Europeanpostal services more efficient by opening them up to competition, but MemberStates will have to first overcome differences of opinion regarding the speed ofliberalisation. The Commission presented its proposal for a Third PostalServices Directive on 18 October 2006. The Council held a preliminary exchangeof views regarding the proposal on 11 December 2006 and Parliament’s TransportCommittee held a first-reading vote on a Report by German MEP Marcus Ferber(EPP-ED) on the proposal on 7 May 2007. The ministers will discuss the proposalin the Telecommunications Council on 6 - 8 June 2007. Political agreement uponthe proposal is possible even though France and its allies are enough to createa blocking minority.
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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.
