| EPRAVO.CZ | www.epravo.cz
Czech s.r.o. Group CZ a.s. Uranium Industry a.s. AB
Our practice Since 1994 we have acted as external legal advisors to CSOB, a.s. in various cases, mainly non-performing loans, restructuring and litigation. We have a long-term cooperation with HSBC Bank Plc – Prague branch, especially in the areas of financing and new financial products, we are included in the list of Czech-based law firms used for legal services within the global HSBC network. In 2014 we were selected and approved as a provider of legal services to Česká spořitelna a.s. and Equa bank a.s. Since 2010 we have been external legal advisors to Sberbank CZ, a.s. in the areas of non-performing loans, restructuring and insolvency. Given our broad expertise we have been appointed in large and complicated financial and corporate restructurings and representing both single and multiple bank creditors. Our law office 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. We have experience from high-profile insolvency proceedings where we participate mainly as representatives of large creditors. To deepen the expertise in insolvency matters, our partners have been active as insolvency trustees through the companies AB insolvence, v.o.s. and DA insolvence v.o.s., which are authorised to act as insolvency trustees for “large debtors”. Common practice of our law office includes also corporate advisory as well as organizing and participating in M&A transactions.
Current references Banking and Financing Legal
advisory to Tesco Stores on public regulation of payment systems and legal requirements for provision of payment services by a foreign payment institution in the Czech Republic operating through its agent. Advice included data protection and anti-money laundering measures. Preparation of model documentation for ČSOB Factoring for “Commercial Finance” which is a special type of recourse factoring. In this type of factoring it is mainly the client who is responsible for administration and enforcement of the assigned receivables. Legal assistance to HSBC in assessing provision of collateral by the Czech subsidiary of a UK Borrower obtaining financing from HSBC. Services included drafting collateral documentation and provision of legal opinion. Legal advice to ČSOB related to analysis of the Bank’s position and mutual claims arising from the contract for implementation of an electronic banking system. Legal advisory to Česká spořitelna regarding revision and amendment of General Terms and Conditions for Business Loans. Legal assistance to HSBC in revision and amendment of corporate guarantees provided by the Czech subsidiary of an American Borrower obtaining finance from HSBC together with provision of a legal opinion. Legal advice to Česká spořitelna with regard to analysis of loan and security documentation and options for further steps towards securing the repayment of a loan provided to a construction company performing industrial, residential and civil buildings.
Insolvency and Financial Restructuring Legal
advice to Česká spořitelna with regard to restructuring loan exposure of a major food producer and enforcement of pledged receivables. Legal assistance to Sberbank with estructuring r loan exposure and total repayment of large loans provided for construction of a photo voltaic power plant.