27.8.2008
News
M&A

KSB represents Michel Thierry Group during acquisition of FEZKO

Law firm Kocián Šolc Balaštík (KSB) provided legal advisory to the Michel Thierry Group, a leader in the production of textiles and leather for the car industry, during its acquisition of majority shares in FEZKO, a.s. and FEZKO SERVIS, a.s.

KSB’s legal assistance for Michel Thierry Group included complex advisory during the acquisition, including a pre-acquisition due diligence, representation in proceedings before the Antimonopoly Office (ÚOHS) and advisory in procuring acquisition financing (both senior and mezzanine components).

The transaction commenced by participation in the tender organized by the seller in April and was completed with KSB’s assistance in late July after ÚOHS permitted the proposed merger in its resolution dated 19 June 2008 and subsequent conditions were fulfilled pursuant to the relevant transaction documentation.

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KŠB has advised on the execution of a construction contract for the Ball Sports Centre in České Budějovice, a major public infrastructure project set to become a new landmark for sport and community life in the region.

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Suburbanization Trends and Sustainable Commuting: Will the Construction Act Amendment Change the Landscape?

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?

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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Success for KŠB’s Litigation Team

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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.