Legal advice in connection with the issuance of so-called discounted certificates for the new Rustonka real estate project
It is expected that the funds raised from the issuance of certificates will be provided by means of loans to the company Rustonka, which will use such funds for the refinancing of its bank loans, which the company used for the purpose of land acquisition and financing of the project costs of the project.
KSB legal services included representation during the proceedings for approval of certificates for the purpose of admission to trading on the Stock Exchange and the public bid by the Czech National Bank. These certificates were accepted for trading on the Prague Stock Exchange in autumn of this year.
The legal advice granted by KSB in the above case is another example of cases in which KSB provides legal advice in the issue of nonstandard debt securities. KSB previously advised, inter alia, in connection with the issuance of Czech Crown and euro issuing income certificates with no final maturity date (so called "perpetual bonds") in the Czech Republic.
Other articles
KŠB "Scores" Major Infrastructure Win: The New Ball Sports Centre in České Budějovice
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.
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?
Success for KŠB’s Litigation Team
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.
