1.9.2006
News
Corporate law

KŠB provides legal services to the RWE Group for squeeze-out in Severočeská plynárenská, a. s.

Squeeze-outs pursuant to Section 183i et seq. of the Commercial Code have been a part of the Czech legal system only since July 1, 2005, a relatively short time, but they immediately became in principle a frequent instrument used for solving ownership structures in many important Czech commercial companies.

Squeeze-outs pursuant to Section 183i et seq. of the Commercial Code have been apart of the Czech legal system only since July 1, 2005, a relatively short time,but they immediately became in principle a frequent instrument used for solvingownership structures in many important Czech commercial companies.

Last year after this institute was introduced to the Czech legal system, KŠBcooperated in several significant squeeze-outs. To name the most important ones,KŠB provided legal advice in the squeeze-outs of Česká pojišťovna a. s.,e-Banka, a. s., Penzijní fond České pojišťovny, a. s., OKD, a. s., Odkolek a.s., Karlovarské minerální vody, a. s. and Zakládání staveb a. s.

KŠB has been cooperating with the RWE Group ever since this important energycorporate group entered the Czech gas industry business, including assistance tothe Group during its acquisition of shares in eight regional distributioncompanies and Transgas a. s.

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The discussion surrounding the current proposal to amend the Construction Act (Parliamentary Print 67) has moved to the committee stage in the Chamber of Deputies following its first reading. The primary declared objective is the acceleration of construction, particularly regarding residential buildings. The shortage of affordable housing remains a pressing issue in major cities, both in the Czech Republic and abroad, giving rise to the pervasive trend of suburbanization. This raises the question: does the proposed amendment truly have the ambition to reverse this trend, and will an increase in housing construction alone suffice?

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KŠB’s litigation team, led by Pavel Dejl and Hana Dejlová, has achieved a significant victory for a long-standing client in a dispute with the Czech Ministry of Justice concerning excessively lengthy court proceedings.