Penalty Rescinded for KŠB Client
The dispute dates back to 2005/2006 when there were a number of administrative proceedings in which one funds manager was appointed for each of the ten electrical and electronic equipment (EEE) categories from among the collective systems for electric waste collection. KŠB represented one of the unsuccessful candidates. As a result of winning the dispute, the Ministry of Environment’s selection of the funds manager was abolished. At the same time, all penalties imposed on manufacturers involved in the collection system were not selected for the particular group of devices by the Ministry. Subsequently, the law applicable to the issue was amended and the monopoly eliminated.
Other articles
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.
