344 | 2019 | The Leading Law Firms
CS STEEL a.s.
LES PRODUCTIONS UNIQUE INC.
AZURELINK LIMITED (previously TICKETPRO
Arconic Czech s.r.o.
Moravia Systems a.s. JIHLAVAN, a.s.
Czech Aerospace Industries, s.r.o. MULTIMEDIA SYSTEMS s.r.o. Mercuria Energy Trading SA
OUR PRACTICE Within the banking sector, we represent the most reputable banking institutions on the Czech market on a long-term basis. We act as external legal advisors to ČSOB, a.s. since 1994 and we have succeeded repeatedly in tenders for this position. We assist the bank in many cases for various departments, especially credit division and legal department. We cooperate on a long-term basis with HSBC France – Prague branch, especially in the area of financing and creation of new financial products and are included in the list of Czech law firms designated for provision of legal services within the global HSBC network. In 2014 we were selected and approved as a supplier of legal services for Česká spořitelna, a.s. where we cooperate continuously on a number of cases with the restructuring and corporate work-out departments. Since 2010 we act as external legal advisors for Sberbank CZ, a.s. in the areas of non-performing loans, restructuring and insolvencies and we have succeeded repeatedly in tenders held by the bank for the position of legal advisor in 2015 and 2016. We drafted original boilerplate documentation for the most important factoring companies in the Czech Republic and we have continued to develop and enhance documentation to take account of changes in the law whilst resolving ongoing operational issues. During the past year, we advised on legal aspects of new factoring financing exceeding several billions CZK. Given our wide experience and high success rate in solving work-out cases, we continue to receive man-
dates in complex and difficult restructuring and finance cases for corporate clients. In the past 3 years, we have provided legal advice on restructurings exceeding in total CZK 30 billion. We are successful in expanding our practice and clientele in the area of M & A where we assist not only in due diligence procedures of target companies and in negotiating and drafting SPA’s but also in arranging documentation for financing the M & A transactions and repayment thereof. During the last 3 years, we carried out successfully a number of mergers and acquisitions in a total amount of approx. CZK 37 billion, for example the capital entry of Odyssey 44 into DIRECT insurance company, a dynamic emerging player on the non-life insurance market. We have experience with complex corporate restructurings including the difficult procedures of corporate transformation, such as spin-off by absorption. As a standard service, we also provide corporate advisory to our clients. Our experience in complex insolvency proceedings is as representative of creditors. In order to deepen expertise in our insolvency practice we also operate an insolvency administrator through the company AB Insolvence v.o.s. Representation of clients in court and arbitration proceedings forms an inseparable part of our specialization. Amongst our many recent successes in this area, we can highlight a successful defence of ČSOB regarding exercise of bank guarantees issued in connection with the reconstruction of Chvaletice power plant.
CURRENT REFERENCES Banking and Financing Advisory
and representation of ČSOB regarding defense of the bank’s position as issuer of advance payment and performance guarantees issued under the instruction of Královopolská Ria in favour of Sev.en EC in connection with the reconstruction of Chvaletice power plant, legal assistance with exercise of guarantees and counter-guarantees, representation of the bank in numerous connected lawsuits. Legal assistance to HSBC with regard to loan exposure towards a leading global producer of heavy