INDUSTRY
Financial Sector
In these turbulent economic times, no other industry has changed as fundamentally as the financial services sector. New regulations and difficulties raising capital have transformed the daily operations of banks and other financial service providers. We have an in-depth understanding of the laws that govern the industry and the business acumen to advise all types of financial services on how to organise their day-to-day operations and structure their biggest, most important deals.
PRK is well known in financial circles in our region, and is now gaining a broader reputation internationally. We started out as a banking firm, and are still recognised for our ability to represent clients in this sector. However, we now not only advise banks but also investment houses, asset management companies, hedge funds and other financial service providers on anything from mergers and acquisitions to project financing. Our financial services lawyers help structure local and cross-border transactions for major banks and institutional investors on a regular basis. We have also helped banks finance real-estate projects, settle employment issues and reach settlements in arbitration and litigation. We also have considerable experience helping financial services clients through bankruptcy proceedings. Simply put, we have a team of experts that can deliver outstanding services to any client in this sector.
Read PRK‘s contribution to the 2019 Banking & Finance
Chambers Global Guide.
Read our contribution to the 2020 Fintech guide published by Getting the Deal Through.
References
We are providing cross-border advice, including legal and tax consulting, on the transfer of the business of a number of branches of a large European financial institution. This includes supplying advice on banking regulatory issues and reviewing tax aspects related to the relocation of a loan portfolio.
We represented several Czech banks in connection with the restructuring of loans and other bank products that were provided to a leading supplier of equipment for the chemical and petrochemical industries.
We advised Raiffeisenlandesbank Niederösterreich-Wien AG on the financing of a real-estate portfolio comprising the companies CTP Teplice I, CTP Property II, CTP Brno III, CTP Brno IV and CTP Invest IX.
We provided the Prague Stock Exchange with legal advice on setting up the new START market designed to attract startups and small to medium-sized issuers. Building on this experience, we successfully represented a number of issuers in IPOs utilising the START market, including FILLAMENTUM a.s., Prabos plus a.s. and UDI CEE a.s.
We provided a legal analysis of the impact of MiFID II on the business activities of a client and its affiliated clearing and settlement platform in the Czech Republic. This included carrying out an analysis of different commercial setups for various Brexit scenarios.
