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.
"This is a matter of survival for law firms. They will become more digital, or they will disappear." Arthur Braun M.A.- MANAGING PARTNER
On November 24, 2022 the Senate approved the draft amendment to the Energy Act introducing a 90% levy on excessive revenues for electricity producers with effect as of December 1, 2022.
