16.12.2016
News
Capital markets

Legal advice in connection with the issuance of so-called discounted certificates for the new Rustonka real estate project

KSB assisted during the emission of discounted certificates in the value of approximately CZK 1.4 billion. The issuer of the certificates is a Cypriot company GRAMEXO PLC., which is the 100% owner of the company Rustonka Development s.r.o. Rustonka is a company established for the construction of a complex of several office buildings with a total area of approximately 37,000 square meters on land formerly occupied by the Rustonka factory in Prague-Karlin.

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

2.6.2026
News

KŠB once again assists with ČEZ’s General Meeting

The KŠB team, consisting of Jana Guričová, Martin Kubík and Jan Lasák, led by Petr Kasík, provided legal support to ČEZ in connection with the preparation and conduct of its General Meeting.

The KŠB team, consisting of Jana Guričová, Martin Kubík and Jan Lasák, led by Petr Kasík, provided legal support to ČEZ in connection with the preparation and conduct of its Annual General Meeting.

2.6.2026
News

DNS – What Now Constitutes a Commonly Available Supply or Service

Professional literature has traditionally compared a dynamic purchasing system (DNS) to a standard online purchase. However, in its judgment No. 22 As 15/2025-65 of 12 May 2026, the Supreme Administrative Court significantly refined this understanding.

Professional literature has traditionally compared a dynamic purchasing system (DNS) to a standard online purchase. However, in its judgment No. 22 As 15/2025-65 of 12 May 2026, the Supreme Administrative Court significantly refined this understanding.

28.5.2026
Capital markets

KŠB Advised J&T IB and Capital Markets on the 3M FUND MSI SICAV Bond Program

Kocián Šolc Balaštík provided legal advice to J&T IB and Capital Markets, a.s. as the arranger in preparing the base prospectus for 3M FUND MSI SICAV a.s.’s bond program.

Kocián Šolc Balaštík provided legal advice to J&T IB and Capital Markets, a.s. as the arranger in preparing the base prospectus for 3M FUND MSI SICAV a.s.’s bond program.