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Kinstellar advises on the combination of KTP Kunststoff Palettentechnik and conTeyor Group
Kinstellar has successfully advised on the Czech law aspects of the combination of the businesses of Germany-based KTP Kunststoff Palettentechnik, a portfolio company of VR Equitypartner, and Belgium-based conTeyor International, majority-owned by Gilde Equity Management. The transaction creates a leading group in the sustainable packaging sector, combining KTP's foldable container expertise with conTeyor's textile inner packaging solutions. The newly formed group is expected to generate sales of approximately EUR 200 million annually and employ around 1,000 people. The Kinstellar team in Prague was led by Karla Rundtová (Partner) and included Adam Němec (Managing Associate) and Tereza Holubová (Senior Associate)
Amendment to the Labour Code 2023
On 12 September 2023, the Chamber of Deputies approved an amendment to the Labour Code after the legislation was returned by the Senate in July with several amendments. The Chamber of Deputies, however, ultimately approved the amendment in its original wording. After it is signed by the President, the amendment will come in to effect on the first day of the calendar month following its publication in the Collection of Laws (likely still in 2023). However, certain provisions concerning agreements on work performed outside employment relationships (e.g. regarding annual leave) will take effect on 1 January 2024. Major changes pursuant to the amendment to the Labour Code: Telework arrangements
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.
A brief overview of selected legislative changes in the field of Czech employment law
Kinstellar’s Employment Law Team has prepared the following brief overview of upcoming changes in the field of employment law for 2023: Amendment to the Labour Code (expected entry into force: 1 July 2023) The most significant and highly anticipated change in the area of employment law for this year is expected to be an amendment to the Czech Labour Code. The amendment is tentatively scheduled to enter into force in the second half of 2023. The amendment will affect numerous areas of employment law, including, telework, delivery, and agreements on work performed outside of employment relationships. At the end of March 2023, a draft amendment will likely be submitted to the Czech
Kinstellar announces new promotions to Managing Associates and Senior Associates in the Czech Republic
Kinstellar is delighted to announce the promotion to Managing Associate of Martin Holub and Václav Kment, and the promotion to Senior Associate of Tereza Mašková, Matěj Večeřa and Jakub Šťastný in our Prague office. With these promotions the firm acknowledges their dedication, teamwork, consistent high level of client service, legal knowledge and transactional expertise. Martin Holub focuses on real estate, in particular real estate transactions and commercial lease agreements. Assisting clients in drafting, reviewing and negotiating of various agreements, such as share purchase, lease for office premises, development management, construction, and other real-estate related documents. Václav Kment
An Amendment to the Czech Labour Code
An amendment to the Czech Labour Code is expected imminently. This Monday, following the closing of an input window as part of an interdepartmental feedback procedure, the Ministry of Labour and Social Affairs published an updated draft amendment to the Labour Code. In response to feedback received on the initial draft, the proposed amendment softens some controversial provisions. In particular, the changes concern working from home (telework), such as limiting the scope of employees with a guaranteed right to this kind of work. Furthermore, provisions on mandatory compensation for home office should now offer more flexible rules for employers. At present, the ministry anticipates that – excepting certain provisions