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.
The Czech government has approved the bill amending acts including the Energy Act (Act No. 458/2000), the Act on Supported Energy Sources (Act No. 165/2012), and other related acts. The bill is known to the public as Lex OZE II. Lex OZE II introduces a number of changes including the following:
On 01.11.2022, an amendment to the Labour Code comes into force in Slovakia, transposing EU directives on transparent and predictable working conditions in the EU and on work-life balance for parents and persons with caring responsibilities.
As the two countries maintain strong trade relations and extensive cross-border business activities, legal firms have recognized the need to establish a presence in both jurisdictions.
