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Deals March 2025

Kinstellar advised Veolia on the acquisition of a stake in Veolia Energie ČR from ČEZ

Kinstellar has successfully advised Veolia on the acquisition of an additional 15% stake in Veolia Energie ČR from ČEZ, increasing its shareholding to more than 98%. This transaction marks a significant milestone in Veolia’s long-term collaboration with ČEZ and further strengthens its position in the Czech energy market. Kinstellar provided comprehensive legal support throughout the transaction, including due diligence, negotiation of transaction documents, and regulatory aspects. The deal aligns with Veolia’s GreenUp strategy, focusing on the transition to cleaner, local, and decarbonised energy sources. The Kinstellar team was led by Kamil Blažek (Partner) and included Michal Forýtek (Counsel), Matěj

Insights February 2025

Navigating the legal landscape: The implementation status of MiCA

As the cryptocurrency market continues to captivate investors worldwide, understanding the regulatory landscape becomes more crucial than ever. In this respect the Markets in Crypto Assets Regulation (the MiCA) is a ground-breaking initiative by the European Union (the EU) aimed at establishing a robust framework for digital asset markets. With MiCA application having taken effect on 30 December 2024, EU member states are now in the process of aligning their national legislation with the new rules and addressing the practical challenges of implementation.Click on the image below or use the following link to read our overview in English. For more

Insights February 2025

Digital Finance Act: A new era for crypto-assets in the Czech Republic

On 15 February 2025, Czech Act No. 31/2025 Coll., on the implementation of European Union regulations in the area of financial market digitisation (the Digital Finance Act), came into force. This legislation serves as an adaptation act to the EU MiCA Regulation and introduces significant changes to the regulation of crypto-assets and financial markets. Czech National Bank to supervise crypto-asset market Under the Digital Finance Act, the Czech National Bank has been designated as the competent authority for crypto-assets. The Czech National Bank is now responsible for receiving notifications and applications under the MiCA Regulation and exercising supervisory powers over crypto-asset service providers (CASPs)

News February 2025

Status of CSRD transposition in Central and Eastern Europe and its legal implications

Kinstellar hosted a special webinar event on 11 February 2025, focusing on the latest status of transposition of the Corporate Sustainability Reporting Directive (CSRD) in Central and Eastern Europe as well as some other legal and regulatory updates relevant to ESG in EU neighbouring countries. The webinar provided valuable insights into the crucial legal factors in preparing for CSRD reporting and a comprehensive understanding of key ESG rules being rolled out in the CEE and beyond. Topics covered: Status of CSRD transposition in Bulgaria, Croatia, Czech Republic, Hungary, Romania and Slovakia Legal considerations of CSRD reporting Other ESG regulatory updates in Serbia, Turkey and

Deals January 2025

Kinstellar advises BHM Group on the acquisition of Prague Port Group

Kinstellar provided legal advice to BHM Group on the acquisition of a majority stake in Prague Port Group. The transaction, which included the purchase of a stake from the second shareholder, strengthened BHM Group's position in the market and facilitated the consolidation of the ownership structure of this key company operating aparthotels and hotels in central Prague. Kinstellar’s team provided comprehensive legal support throughout the transaction, including assistance with legal due diligence, negotiation of transaction documentation, and advice on financing secured through J&T Bank. The Kinstellar team was led by Jan Juroška (Managing Partner) and Matěj Večeřa (Managing Associate), with the support

Insights January 2025

Online conference “Changes to legislation in the Czech Republic in 2025” (Změny v legislativě 2025)

On 15 January, Kinstellar’s Prague office hosted an engaging online conference titled "Changes to Legislation in the Czech Republic in 2025". This event was specifically tailored for senior management, partners, and representatives of regional organizations. Highlights of the Conference The conference aimed to equip our clients and partners with an in-depth understanding of the latest laws, regulations, and directives that impact their daily operations. Our legal experts delved into the key changes to Czech and European law effective in 2025, offering practical insights on their implications for businesses. In addition, we examined significant recent rulings by the Czech Constitutional Court, highlighting

Deals January 2025

Kinstellar advises Genesis Growth on strategic stake in LLP Group

Kinstellar has successfully advised Genesis Growth Equity Fund I on the acquisition of a majority stake in LLP Group, a prominent business software consultancy specialising in financial and enterprise asset management solutions. Kinstellar provided legal counsel to Genesis Growth in this transaction, ensuring comprehensive guidance throughout the acquisition process. The deal marks a strategic investment aimed at accelerating LLP Group’s growth and expanding its offerings globally. LLP’s founders and shareholders will retain a minority stake, with a leadership transition appointing Tim Smulders as CEO. The advisory team was led by Kinstellar’s experts, supported by Brouxel & Rabia, with Grant Thornton

Deals January 2025

Kinstellar advises European Imaging Group on acquisition of MEGAPIXEL

Kinstellar has successfully advised European Imaging Group Limited (EIG), a portfolio company of the Aurelius Group, on the acquisition of MEGAPIXEL, a leader in the Czech market for photographic equipment and related services. Kinstellar provided comprehensive legal support to EIG throughout the transaction, including due diligence, negotiation of the Sale and Purchase Agreement (SPA) and Shareholders' Agreement (SHA), and closing of the transaction. The Kinstellar team was led by Jan Juroška (Managing Partner) and Matěj Večeřa (Senior Associate) and included Petr Bratský (Managing Associate), Jakub Šťastný and Lenka Petráková (both Senior Associates), and a team of Junior Associates: Lucie Kunclová

News January 2025

Important notice to our Clients and Contacts: Beware of impersonation emails

6 January 2025 – It has come to our attention that some companies in our countries (most recently from the Czech Republic, Hungary, and Slovakia) have received unauthorised fraudulent emails falsely claiming to originate from Kinstellar. This appears to be part of an illegal scam (fraudulent impersonation) campaign. We assure you that these fraudulent emails did not come from our official Kinstellar domain and have nothing to do with our Firm. Our IT and Risk & Compliance teams are giving this matter their highest priority and are actively investigating the issue. We are bringing this matter to the relevant authorities. Importantly, this illegal scam campaign appears to have been

Insights November 2024

Update on the ESG reporting obligations in Bulgaria, Croatia, the Czech Republic, Hungary, Romania and Slovakia

The Corporate Sustainability Reporting Directive (EU) 2022/2464 (the “CSRD”) required EU member states to complete its transposition by 6 July 2024. However, uneven implementation led the EU Commission to initiate infringement proceedings against 17 member states, including the Czech Republic and Romania, on 26 September 2024, citing their failure to fully communicate the necessary transposition measures. These states now face a two-month deadline to finalise the process and respond to the formal notice. While the CSRD’s transposition is nearing completion, attention is turning to the Corporate Sustainability Due Diligence Directive (EU) 2024/1760 (the “CSDDD”), an equally significant piece of legislation.

News November 2024

Upozornění společnosti zúčastněné na přeměně

Orion CZ s.r.o., se sídlem Na příkopě 1096/19, Staré Město, 110 00 Praha 1, IČO: 27121810, zapsaná v obchodním rejstříku vedeném Městským soudem v Praze, oddíl C, vložka 173446 (dále jen „Zanikající společnost“ nebo „Orion CZ s.r.o.“) a Kinstellar, s.r.o., advokátní kancelář, se sídlem Na příkopě 1096/19, Staré Město, 110 00 Praha 1, IČO: 26423782, společnost zapsaná v obchodním rejstříku vedeném Městským soudem v Praze, oddíl C, vložka 146391 (dále jen „Nástupnická společnost“ nebo „Kinstellar, s.r.o., advokátní kancelář“) (Zanikající společnost a Nástupnická společnost dohromady také jako „Zúčastněné společnosti“ nebo „osoby zúčastněné

Deals October 2024

Kinstellar advises Wienerberger on the acquisition of Czech concrete paver manufacturer Betonárna Lesonice

Kinstellar has successfully advised Wienerberger on the acquisition of Betonárna Lesonice, a Czech manufacturer of concrete pavers. This strategic acquisition strengthens Wienerberger’s position in the construction and infrastructure sectors, addressing the growing demand for concrete paving and advanced sound insulation solutions in the Czech market. Kinstellar acted as legal counsel to Wienerberger, providing full-scope advisory throughout the transaction. The team was co-led by Barbara Kusak (Partner) and Michal Janíček (Counsel), with key support from Matěj Bolek (Senior Associate), Tereza Marek, Štěpán Gřešák, Matěj Korduliak (Associates), and Pavel Hrdý (Junior Associate). BDO provided financial