NEWS & INSIGHTSUp-to-date.
- Home
- News & Insights
SEARCH BY
LATEST
Kinstellar advises Roier crowdfunding platform on a new investment
Kinstellar has successfully advised the founders of the Czech crowdfunding platform Roier on a new, multi-million Czech crown investment. Roier brings together investors and companies seeking financing for their real estate projects. It enables investment in corporate loans secured by real estate property and has financed projects totalling approximately CZK 275 million in two years of market presence. The Kinstellar team was led by Kamil Blažek (Partner) and Martina Březinová (Counsel). Other team members included Michal Kníž (Managing Associate) and Jakub Šťastný (Senior Associate). For more information, please contact Martina Březinová at martina.brezi
Kinstellar advises S IMMO AG on its acquisition of office buildings and a hotel in the Czech Republic
Kinstellar has successfully advised S IMMO AG, a real estate investment company, on its acquisition of three office buildings and one hotel in the Czech Republic from CPI Property Group. The assets include the Mayhouse and Luxembourg Plaza offices in Prague, ZET.office in Brno, and the Courtyard by Marriott Prague City hotel. The four assets have a total value of EUR 167.7 million and generate annual income of close to EUR 8.4 million. The Kinstellar team was led by Klára Štěpánková (Partner) and included Martin Holub (Managing Associate) and Dominik Ševců (Junior Associate). Other team members included Jakub Šťastný (Senior Associate), Anna Veselská (Associate), Arťom Gnědin (Associate), Adam Němec (Managing
Kinstellar successfully advises on exit from Arkady Pankrac joint venture
Kinstellar is pleased to announce the successful completion of its advisory role in facilitating the exit of KG CURA Vermögensverwaltung G.m.b.H. & Co. from a joint venture with G City Europe (formerly Atrium European Real Estate). The joint venture pertained to the ownership of Arkady Pankrac, a premium shopping centre with a focus on fashion, located in one of Prague's most prominent business and residential districts.The core team consisted of Partner Karla Rundtová and Managing Associate Adam Němec, with an essential support from Junior Associate Paul Válka.
Kinstellar advises Italian client on the sale of Hotel Sovereign
Kinstellar has successfully advised its Italian client on the sale of the renowned Hotel Sovereign in the heart of Prague. The team, led by Klára Štěpánková (Partner) and supported by Arťom Gnědin (Associate), provided comprehensive legal services that demonstrated Kinstellar's deep expertise in navigating the complex legal, regulatory and commercial aspects of hotel transactions. The sale of this historic property, known for its distinctive charm and unparalleled city centre location, represents a significant hotel transaction in the current market. We were delighted to collaborate with the Italian lawyer Luigi Croce from Nctm Studio Legale in Milan.
Loot boxes – still a mystery in CEE?
The recent resolution of the European Parliament on video games calls on the European Commission to take the necessary steps to bring about a European approach to loot boxes which could lead to more restrictive regulation. Kinstellar’s TMT team looked into the national framework for loot boxes in Bulgaria, Croatia, Czech Republic, Hungary, Romania, Serbia, Slovakia, Turkey, Ukraine to conclude that, while no specific local laws exist, the developments around gambling regulation should be monitored, as loot boxes have already been discussed in the context of national rules on gambling in some countries. Click on this link or the image below to read below on overview prepared by our TMT experts in each jurisdiction.
Czech Senate to approve the New Amendment to the New Building Act
An amendment to Act no. 283/2021, Building Act (the “New Building Act”) has been approved by the Chamber of Deputies, bringing key changes to Czech construction laws and permitting processes (the “New Amendment”). The New Amendment has been passed to the Senate, which should approve it shortly. The original New Building Act, representing a major change of Czech building regulations, was adopted back in July 2021. The law introduced key changes, for example creating a new system of building authorities, consolidating permitting into a single per-project permit, and introducing limitations on the appeals process. However, mostly due to political reasons the effectivity of the law’s key provisions was postponed to
Current eHealth trends in CEE and Turkey
The healthcare industry in Central and Eastern Europe and Turkey is undergoing a digital transformation, with telemedicine at the forefront. Governments and healthcare providers are adopting digital solutions to improve medical services and support healthcare system digitization, which can increase efficiency, reduce costs, and improve access to healthcare. Click on this link or the image below to read the overview put together by a team of our experts led by Partner Tomáš Čihula.
Kinstellar advises Crédit Agricole Consumer Finance and Stellantis on the acquisition of LeasePlan’s operations in the Czech Republic
Kinstellar, in collaboration with Linklaters, has successfully advised Crédit Agricole Consumer Finance and Stellantis on their acquisition of the Czech operations of LeasePlan from ALD Automotive. The deal follows ALD's announcement in January 2022 of its intention to acquire 100% of LeasePlan. Kinstellar successfully advised on the Czech aspects of the transaction. This strategic acquisition includes ALD's operations in Ireland, Norway, and Portugal, as well as LeasePlan's business activities in the Czech Republic, Finland, and Luxembourg. It marks a significant step forward in Crédit Agricole Consumer Finance and Stellantis' pursuit of growth in the mobility and long-term vehicle leasing sectors. The disposals align
Kinstellar advises on the sale of Unuodesign
Kinstellar has successfully advised the owner of Unuodesign, a Czech manufacturer and seller of children's clothing and fabrics, on the sale of a majority stake in the company to Hartenberg Holding, an investment fund focused on the Central European region. Kinstellar advised the seller throughout the entire transaction, including advice on shareholder relationship arrangements and deal structuring. The deal's value was not disclosed. The Kinstellar team was led by Jan Juroška (Partner) and was supported by Matěj Večeřa (Senior Associate). For more information please contact Jan Juroška, Partner, at .
Czech Republic: UBO update deadline
The deadline for updating Czech UBO registrations based on an amendment to the Czech UBO law adopted last year is 1 April 2023. Check that your UBO registration is up to date and that the registered UBO(s) still meet the UBO definition under the updated laws. Click on this link or the image below to read the whole overview.
Engaging employees | contractors in S/CEE
Engaging employees and contractors requires different approaches. In this article, we'll explore the key aspects of each and provide insights on best practices for collaboration. Whether you're a manager, a recruiter, or a worker, this article can help you make informed decisions about employment relationships and contractor partnerships. Click on this link or the image below to read.
Employers of Record in the Czech Republic
The Czech Republic provides an attractive environment for businesses, as it is home to a large and skilled labor pool. However, navigating the legal and regulatory frameworks of employment in the country can be challenging. In this overview below, written by Senior Associates Martina Mazůrková and Tereza Mašková, we explore the concept of Employers of Record and how it simplifies hiring workers in the Czech Republic. Click on this link or the image below to read.