New Energy Policy for EU
The Commission proposes a comprehensive package of measures to establish a newEnergy Policy for Europe to combat climate change and boost the EU's energysecurity and competitiveness. The package proposed by the Commission seeks toprovide solutions to these challenges based on three central pillars: (1) Theaim is to give real choice for EU energy users, whether citizens or businesses,and to trigger the huge investments needed in energy. (2) The Commissionproposes to maintain the EU's position as a world leader in renewable energy byproposing a binding target of 20% of its overall energy mix to be sourced fromrenewable energy by 2020. (3) The Commission reiterates the objective of saving20% of total primary energy consumption by 2020. The Commission will seekendorsement of the energy and climate change proposals during the SpringEuropean Council and will come forward with proposals of legislation.
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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.
