PRACTICE AREA
Project & Investment Incentives
PRK provides comprehensive legal services for investors looking to make strategic investments in the Czech Republic or abroad. We manage projects ranging from infrastructure to energy investments, proactively developing strategies involving multiple legal areas (corporate, real estate, environmental protection, permitting procedures, ICT, IP, regulatory mechanisms, HR and so on). We support clients from the moment they begin considering the investment to the conclusion of the investment process. We advise on the best investment strategy and work with our clients as one team, often over many years. We can also help implement major project changes.
Investors looking for incentives in the Czech Republic and Slovakia face a complicated application procedure and onerous inspections. Our specialist team at PRK has supported many clients through this complex process, including negotiating with government bodies.
Specifically, our services cover the following areas:
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Assisting with initial decision-making, structuring and planning investments
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Suggesting the best setup for investments
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Advice on investment incentives, resources for drawing up applications and what documentation must be included in the application. Assistance setting up an effective control system to comply with eligibility requirements, including compliance monitoring, assistance during audits, notification of changes and assistance in preparing applications to modify the conditions in a decision for a subsidy
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Advice on corporate structuring
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Comprehensive legal support on project management and advice on construction issues, including permitting procedures under the Building Act, environmental issues and negotiations with utilities
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Advice and guidance on contractual relations and compliance, including waste management and industry-specific systems
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Comprehensive advice on IP/ICT law
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Advice and guidance on contractual relations and compliance, including waste management and industry-specific systems
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Comprehensive advice on IP/ICT law
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Full-service advice on financing and funding (acquisition, project and real estate, syndicated, export, security documentation), bond and bill of exchange programmes, issuing securities, including model documentation and regulatory compliance
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Legal advice on HR matters, cooperation with top management and relations with trade unions, including collective bargaining
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Comprehensive assistance in setting up employer processes in line with labour law
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Negotiating EPC contracts (specific turnkey contracts for the supply of construction work and technology), contracts with general suppliers and lease agreements for the industrial sector and R&D centres
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Negotiating cooperation agreements with research institutes and public bodies, including finding solutions to issues relating to public procurement and public administration
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Organising public tenders in accordance with public procurement legislation and other selection procedures, including preparing tender and contractual documents, administering tenders and other processes, and preparing documents for inspection by the subsidy authority
Read PRK’s contributions in professional publications
Czech Republic 2021
Slovakia 2021
Doing Business in... Global Guide 2021/2022 published by Thomson Reuters PRACTICAL LAW
Doing Business in... Global Guide 2021/2022 published by Thomson Reuters PRACTICAL LAW
What clients told The Legal 500 about us
PRK has a highly qualified projects and energy team led by Mr. Jakub Lichnovsky, partner, head of the project, energy and development team at PRK Partners. They have unparalleled expertise not only in energy and environmental issues, construction development and permitting, long-term projects completion, but also financing, tax and M&A.
Jakub Lichnovsky is unique in delivering complex strategic guidance and handling all legal aspects of demanding projects. We consider Jakub to be unparalleled as regards business judgement, planning, negotiation and establishing a system in all aspects of work. Jakub is unique in his understanding of the project, real estate, regulatory and construction issues, as well as energy and environmental issues and commercial aspects.
A strong legal team on your side
References
Projects
We provided comprehensive legal advice to a leading global property and construction consultancy firm with respect to a Consultancy Services Agreement (FIDIC White Book), on the basis of which the client would provide project management services during the reconstruction and extension of regional airports in a West African country.
We assisted a local government authority in connection with the structuring and negotiation of a large residential development project in Prague, advising the client on how best to protect the public interest.
We represented the owner of a brownfield site in Ostrava with respect to an application to the Ministry of Industry and Trade for a subsidy for reclaiming the land. The client planned to build a logistics centre on the site.
We helped a leading Chinese producer of automotive parts set up its first subsidiary outside China, including negotiating with local government regarding the purchase of land and other aspects of the construction project.
We provided Vojenské lesy a statky with a complex assessment of the impacts of the new public procurement regulation on the right to dispose of land in state-owned military zones. The mandate involved over 261 km2 of land and entailed complex negotiations with local authorities, NGOs and other other parties.
Investment Incentives
We advised a leading engineering company on their plans to establish a subsidiary in the Czech Republic and secure investment incentives. Our work included helping prepare and file the application for the incentives.
We provided legal advice to a foreign investor on its investments in the Czech Republic, specifically an aviation manufacturing plant.
We provided a foreign investor with legal advice on its planned greenfield investments in the Czech Republic, focused on laser technology.
We advised an Eastern European investor on its acquisition of an automotive manufacturing plant in the Czech Republic, including advising on potential investment incentives.
