31.7.2009
News

Assistance from globalization fund for staff redundancies caused by the crisis

An amendment to Regulation No 1927/2006 establishing the European Globalization Adjustment Fund (Official Journal L 167/2009) has temporarily extended the scope of this fund. It will be possible to finance from its resources support to workers who have lost their jobs as a result of the current economic and financial crisis. The contribution for this purpose is available until the end of 2011. Concurrently the amendment has mitigated current intervention criteria.

The reduction requirements and simplification of the processing of applications is a permanent change and also affects the original purpose of the aid, i.e. to reintegrate workers made redundant on the basis of negative consequences of globalization back into the job market. The most important change is reduction of the threshold of redundant workers, which now amounts to 500 redundancies in an enterprise; in the case of the crisis impact in a selected sector, there must be 500 employees in one or two neighbouring regions. However, the Regulation allows for an exception to this criterion, for example, in small labour markets.

The means provided by the globalization fund can be used for active labour market measures in the form of personalized services, such as assistance and advice on job search, training and retraining according to the specific needs of workers, promoting the transition to another job, entrepreneurship or self-employment.

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17.12.2025
News

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.

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.

15.12.2025
News

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.

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.

12.12.2025
News

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.

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.