308 | 2016 | The Leanding Law Firms
FINANCE PRACTICE Since its establishment almost 2 decades ago, our finance practice in Prague has built up an excellent reputation in the Czech market with its dedicated team focusing on the full range of banking, finance and capital markets transactions. The experience of our professionals extends to all forms of (syndicated and single bank) cross-border and domestic banking transactions in the Czech Republic and Slovakia. The synergy between our insolvency and finance teams has also allowed us on the restructuring of existing distressed financings.
Recent client assignments includes advising Československá
obchodní banka, a.s., Česká spořitelna, a.s. and Komerční banka, a.s. on the CZK 10.6 billion refinancing and development facilities provided to PointPark Properties s.r.o. (P3) in relation to the CZK 15 billion acquisition of 11 logistics parks in the Czech Republic from VGP/Tristan Capital Partners. UniCredit Bank Czech Republic and Slovakia, a.s. on acquisition financing for a group of private equity investors relating to the purchase of the enterprise (i.e. all assets and liabilities) of certain companies belonging to the insolvent LESS group from the insolvency administrator. Československá obchodní banka, a. s. and Komerční banka, a.s. on up to CZK 4,000,000,000 refinancing/consolidation facilities, provided for refinancing of 32 solar projects with a combined output of 58.4 MWp, operated by ENERGY 21 and ultimately owned by Mid Europa Partners. Česká spořitelna, a.s. on an export facility for Škoda Electric backed by the Czech export credit agency (EGAP) for the financing of the delivery of the first two lots, each of 25 trolleybuses out of a total of 125 trolleybuses to be delivered, to the municipality of Riga, Latvia, over a period of 5 years. Union Investment Real Estate GmbH in connection with the acquisition and refinancing of the Palladium Shopping and Office centre in Prague.
REAL ESTATE PRACTICE The real estate department of the Prague office of Clifford Chance was established in 1997 and today
its team of specialists headed by Emil Holub is one of the most well-established and specialised real estate practices. Our specialists advise on the most significant transactions on the Czech and international market and thus have wide experience in all aspects of real estate law, including tax advisory services. Our real estate practice group has many years of experience and extensive resources at its disposal to handle multi-layered deals, including acquisition and sale and the preparation of complex documentation. Thanks to the global Clifford Chance network, our real estate practice has gained exceptionally broad experience and has been involved in a number of extraordinary and innovative transactions on the Czech and international real estate market.
Recent client assignments include advising Union
Investment on the acquisition and refinancing of a majority stake in the Palladium Shopping and Office Centre in Prague‘s central business district. This is the most significant real estate acquisition ever in the Czech Republic and the largest single-asset deal recorded in Central Europe. Unibail-Rodamco Group on disposal of a 75% stake in Arkády Pankrác Shopping Centre, one of the most successful shopping centres in Prague. Meyer Bergman European Retail on the acquisition of the shopping centre ‚Futurum‘ in Hradec Králové from Euro Mall Ventures S.à r.l. via a share deal. Atrium European Real Estate Limited on the acquisition of AFI Palác shopping center in Pardubice from AFI Europe N.V. Atrium European Real Estate on the disposal of a B-class retail portfolio of 81 properties throughout the Czech Republic to Peakside Capital.
INSOLVENCY AND RESTRUCTURING The Prague office of Clifford Chance has a team of 10 specialists, including 2 partners, focusing on the area of restructuring and insolvency. Depending on the particular case, which may often also include tax, financial, corporate or real estate aspects, the number of specialists can be increased, as required.