The bpv BRAUN PARTNERS team advised the investment fund IROMET on the acquisition of the assets of the insolvent Liberty Ostrava – a strategically significant steel producer with more than 70 years of tradition under the Nová huť brand.
This was one of the most complex transactions of the year on the Czech market – a challenging legal and financial process with major implications for regional industry and employment. Our advisory services covered legal due diligence, negotiation of transaction documentation, and representing in financing of the transaction.
“One of the key challenges was addressing environmental burdens and emission allowances, requiring not only in-depth knowledge of EU legislation but also a strategic mindset for legal solutions”, says David Vosol, who led the team together with František Čech, David Plevka, and Adam Dobiáš.
On 28 March 2023, Members of the European Parliament from the relevant committees adopted an opinion on a new package of measures relating to the fight against money laundering and the financing of terrorism (AML/CFT).
The amendment to the consumer law came into force on January 6th 2023. In practice, this means that a purchase contract concluded today is already subject to the amended consumer law.
