24.3.2011
News

Representation of Reckitt Benckiser before the Antimonopoly Office

Law firm Kocián Šolc Balaštík successfully represented Reckitt Benckiser (Czech Republic), spol. s r.o. in proceedings before the Antimonopoly Office in the matter of potential infringement of competition rules by concluding a prohibited agreement on direct or indirect determination of prices and other commercial conditions on the washing powders market. The proceedings were terminated through settlement.

This was the first settlement with the Antimonopoly Office in the field of horizontal cartels in the Czech Republic. It was a breakthrough settlement since it was carried out in connection with the applications of other parties to the proceedings for what is termed a leniency program, which determines the framework within which the Antimonopoly Office may apply a more moderate regime of imposing fines on parties to confidential horizontal cartel agreements, if such parties decide to cooperate with the Antimonopoly Office when disclosing such agreements.

Reckitt Benckiser is an important producer of branded products, including detergents, drugstore and health care products. The company’s history dates back to 1823 and its products are currently sold in 180 countries around the world.

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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.

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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.

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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.