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.
As of 1 April 2023 there is an important change for employers in the registration of new and existing employees with temporary protection and in uninsured activities in the CSSA (Czech Social Security Administration, ČSSZ) register.
On August 1, 2022, the President of the Czech Republic signed into law a new act amending the Energy Act and the Act on Promoted Energy Sources. The amendment will enter into force shortly, but the implementing regulations will be decisive in practice:
We took the X-mas party to a whole new level with an exciting sushi making experience.
