322 | 2018 | The Leading Law Firms
AZURELINK LIMITED AutoCont CZ a.s.
Arconic Czech s.r.o.
Moravia Systems a.s.
TNT Express Worldwide, spol. s r.o. JIHLAVAN, a.s.
Czech Aerospace Industries, s.r.o. X Energie, 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 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 Bank Plc – 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 succeeded in a tender organised by Komerční banka, a.s. in spring 2017 for providing legal services for the bank and entities from KB group. 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.
In November 2017 we were mandated by Banka CREDITAS to implement a set of factoring products into the expanding portfolio of services offered by the bank. Given our wide experience and high success rate in solving work-out cases, we continue to receive mandates in complex and difficult restructuring and finance cases for corporate clients. In the past five years, we have provided legal advice on restructurings exceeding CZK 30 billion in aggregate. 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 also in arranging documentation for financing the M & A transactions and repayment thereof. In 2016 and in 2017 we carried out successfully a number of mergers and acquisitions in the total amount of approx. CZK 9 billion, for example cross-border merger of PREVALENT investment fund (SICAV). Additionally, we have experience with complex corporate restructuring including difficult procedures of corporate transformation, for example spinoff by absorption. We also provide corporate advisory to our clients as a standard service. 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., which holds (as one of only few on the market) a license to act as a special insolvency administrator for large debtors. 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 the successful defence of a leading local bank against negative consequences of the collapse of Icelandic banks during the recent financial crisis and in arbitrations against the Czech Republic.
CURRENT REFERENCES Banking and Financing Legal
assistance to HSBC with regard to loan exposure towards a leading global producer of heavy machine tools, revision and drafting of new loan