News

PETERKA & PARTNERS leading Czech firm on International Markets for second year in row
09/11/2017 PETERKA & PARTNERS leading Czech firm on International Markets for second year in row
We are pleased to announce that PETERKA & PARTNERS advokatni kancelar s.r.o. was the winner of this year’s edition of the 10th Leading Law Firm of the Year competition in the category “Czech Firm on International Markets”. This competition is organized by EPRAVO.CZ, in cooperation with a group of independent advisors who annually evaluate the law firms operating on the Czech market. Being awarded in this category for the second year in a row is a great success and we deeply appreciate the award, as we do the recognition and recommendations of PETERKA & PARTNERS in other categories of the competition: Intellectual Property, Criminal Law, Employment, Antitrust and Competition, Banking and Finance and Tax, and the firm was highly recommended in the category of Sport Law. This success is the result of the efforts of our dedicated team of lawyers and the close cooperation with our clients, to whom we would like to express our profound gratitude for their recommendations. The award ceremony was held in the Žofín Palace on 6 November 2017. The gala was held under the auspices of the Czech Bar Association and JUDr. Robert Pelikán, Ph.D., Minister of Justice of the Czech Republic.
Please visit this link to see pictures from the ceremony.
New ICC Rules for 2017 and beyond
06/11/2017 New ICC Rules for 2017 and beyond
The International Chamber of Commerce (ICC) has adopted new rules for arbitration, which became effective as of 1 March 2017. The amendment aims to make arbitration more efficient, transparent and less expensive. See the leaflet of our Litigation and Insolvency practice.
PETERKA & PARTNERS Newsletter
01/11/2017 PETERKA & PARTNERS Newsletter
PETERKA & PARTNERS has prepared a special Newsletter dedicated to the legal developments affecting business in Central and Eastern Europe. Similarly to previous editions, the Newsletter includes the following sections:
· legal news
· tax news
· news from PETERKA & PARTNERS The Newsletter covers all of the jurisdictions in which PETERKA & PARTNERS has offices: the Czech Republic, Slovakia, Ukraine, Bulgaria, Russia, Poland, Romania, Belarus and Hungary. For more information, please click on this link.
PETERKA & PARTNERS invites you to its business breakfasts on current legal topics
30/10/2017 PETERKA & PARTNERS invites you to its business breakfasts on current legal topics
PETERKA & PARTNERS continues in its organization of business breakfasts, and in the month of November we would like to invite you to the following events to be held at the firmʼs Prague premises: · On 1 November 2017, Rostislav Frelich, Tax Adviser for PETERKA & PARTNERS Czech Republic, and Jan Rohan, a specialist in international cooperation in the area of direct taxes for Generální finanční ředitelství, will give a lecture titled “Aktuality v oblasti mezinárodního zdanění, včetně automatické výměny informací o finančních účtech”/“International tax news, including the automatic exchange of information on financial accounts”. · On 7 November 2017, Tatiana Timchenko, Director for PETERKA & PARTNERS Ukraine, will give a presentation titled “Participation in public tenders in Ukraine”. · On 22 November 2017, Adela Krbcova, Partner and Deputy Director, and Martin Murad, Partner, both from PETERKA & PARTNERS Czech Republic, will give the presentation “Monitoring zaměstnanců”/“Online monitoring of employees by employers”. For detailed information on these events, please see the invitations for 1 November, 7 November and 22 November. If you are interested in participating in one or more of the business breakfasts, please contact us at: lacmanova@peterkapartners.cz.
PETERKA & PARTNERS Cocktail Party for the clients
13/10/2017 PETERKA & PARTNERS Cocktail Party for the clients
We would like to thank everyone who attended our first Cocktail Party for clients. It was a wonderful opportunity for the directors and other key people from all of the PETERKA & PARTNERS offices to meet with our clients in such a pleasant atmosphere.
We would also like to thank UNICEF, our partner, for their cooperation and for arranging the exhibition of school reports.
Thank you for making the Cocktail Party a great success! And for those of you who were not able to attend, we hope to see you next year!
For some pictures from the event, please click on this link.
New Membership: Czech Compliance Association
05/10/2017 New Membership: Czech Compliance Association
PETERKA & PARTNERS has become a member of the Czech Compliance Association (Česká Compliance Asociace) with effect as of 5 October 2017. The Czech Compliance Association is a group of corporations, institutions and individuals who are convinced that compliance with ethical and legal standards is an obligatory part of the effective corporate governance of corporations and public institutions. Further, the association wishes to help lead shareholders and managers of corporations, compliance professionals, and leaders of public institutions to an understanding of the function of compliance procedures in connection with corporate governance and also to a strengthening of professionalism and reputation through compliance programmes. PETERKA & PARTNERS has a regional compliance group covering all of our offices and wishes to use this platform to create a dialogue with its partners and exchange experience in the field.
The new legislative amendments in the EU Trade Mark Reform
28/09/2017 The new legislative amendments in the EU Trade Mark Reform
Georgi Kanev, EU Trade Mark and Industrial Design Attorney and Senior Associate at PETERKA & PARTNERS, has written an article on the latest developments of the biggest reform in the EU Trade Mark law in more than twenty years. The new legislative acts and amendments will go into effect on 1 October 2017. The time for EU certification marks has come! For more, please see this link.
PETERKA & PARTNERS recent GDPR update
05/09/2017 PETERKA & PARTNERS recent GDPR update
Our Practice Group – Data Protection has prepared for you newsletter about General Data Protection Regulation (GDPR).
Newsletter is now available in English only.
Business Breakfast: "Are you buying real estate in Croatia?"
04/09/2017 Business Breakfast: "Are you buying real estate in Croatia?"
PETERKA & PARTNERS invites you to the another business breakfast "Are you buying real estate in Croatia?" which will be held in its premises on September, 21st 2017. Ivana Krpan, Attorney-at-Law in Croatia and Ondřej Dušek, Partner and Leader of Real Estate Practice Group at PETERKA & PARTNERS will be the speakers. For detailed information on the event and registration see the invitation.
Opening event in Budapest
19/06/2017 Opening event in Budapest
We want to thank you for attending our opening cocktail reception on 13 June 2017. It was great to have the opportunity to meet so many of people face to face and enjoy its new premises in Budapest! Below you can find some photos from the event.
We look forward to next event and seeing you again. For some photos please click on the link.
Opening cocktail reception in the Russian Federation
07/06/2017 Opening cocktail reception in the Russian Federation
With a cocktail reception on 6 June 2017, PETERKA & PARTNERS celebrated the opening of its new premises in Moscow, and confirmed its growing position as the biggest Czech law firm on the Russian market.Thank You to all participants! We look forward to you joining us at our next event!
Belarus
Bulgaria
Czech Republic
Hungary
Poland
Romania
Russia
Slovakia
Ukraine
PETERKA & PARTNERS chosen ILN Firm of Month for November/December 2017!
16/11/2017 PETERKA & PARTNERS chosen ILN Firm of Month for November/December 2017!
We are proud to announce that PETERKA & PARTNERS Czech Republic, Romania and Slovakia were chosen by the International Lawyers Network as Firm of the Month for November and December 2017. We would like to express our gratitude for this honour to our partners at the International Lawyers Network, and to our teams of lawyers and clients who helped make this happen.
For more information, please visit this link.
PETERKA & PARTNERS Slovakia and Arthur Hunt invite you to new business breakfast
13/11/2017 PETERKA & PARTNERS Slovakia and Arthur Hunt invite you to new business breakfast
PETERKA & PARTNERS Slovakia and Arthur Hunt, an executive search & human resources consulting company, with the cooperation of the French-Slovak Chamber of Commerce would like to invite you to a business breakfast on “The optimal solution for your team – legal and HR aspects of hiring and dismissing employees”, which will be held in Bratislava at the PETERKA & PARTNERS premises on 30 November 2017.
The speakers will be Pavol Kundrik, Leader of the PETERKA & PARTNERS Labour Law practice, and Katarína Bittalová, Partner, at Arthur Hunt.
For more detailed information on the event, and registration, please see the invitation.
Changes in export of human medicines in Slovakia
29/08/2017 Changes in export of human medicines in Slovakia
From 1 January 2017, a particular medicine can be exported outside Slovakia only by its holder of marketing authorization, its manufacturer and/or an explicitly empowered wholesale distributor. The Slovak State Institute for Drug Control cannot prohibit the export of medicines.
Obligatory system for emergency ordering of medicines
29/08/2017 Obligatory system for emergency ordering of medicines
Each holder of the marketing authorization of medicines fully or partially reimbursed from Slovak public health insurance (categorized medicines) has to have established, and operate, a special electronic system for the emergency ordering of such medicines from 1 April 2017. Ordered medicines must be delivered by a holder of marketing authorization in 24 hours, and by a wholesale distributor in 48 hours.
Selected recipients for distributed medicines
29/08/2017 Selected recipients for distributed medicines
Wholesale distributors are authorized to supply human medicines fully or partially reimbursed from Slovak public health insurance (categorized medicines) solely to pharmacies (public or hospital), and to other wholesale distributors exclusively for the purpose of delivery of the medicines to pharmacies for ambulances, providers of emergency medical services and the armed forces.
Reintroduction of withholding tax for dividends
29/08/2017 Reintroduction of withholding tax for dividends
Dividends paid to individuals from the profit reported for the periods starting as of 1 January 2017, will be subject to a withholding tax of 7%, which can be reduced under a double tax treaty.
Payment of dividends to a legal entity established in a country having a double tax treaty with Slovakia will further remain free from withholding tax.
Dividends related to the distribution of profit of different periods may have different tax treatments as the rules have been changed several times over the past years.
PETERKA & PARTNERS advised YCE Housing I Ky with respect to two new residential developments in Bratislava
18/08/2017 PETERKA & PARTNERS advised YCE Housing I Ky with respect to two new residential developments in Bratislava
The PETERKA & PARTNERS Bratislava office advised YCE HOUSING (a member of Vicus Capital Advisors, a Finnish fund managing real estate investment and development funds) in relation to the development of two residential projects in Bratislava, including the drafting of all the contractual documentation for the acquisition, construction and sale of the units to the final clients and bank financing (the project value was approximately EUR 12 million for the first project and EUR 13 million for the second project).
PETERKA & PARTNERS advised KRM Retail (Slovakia) with respect to two new retail leases in Slovakia
18/08/2017 PETERKA & PARTNERS advised KRM Retail (Slovakia) with respect to two new retail leases in Slovakia
The PETERKA & PARTNERS Bratislava office advised KRM Retail (Slovakia) (a member of ECCO Group) in relation to the lease of retail premises in prestigious commercial centres, including review of the future lease agreement, lease agreement and other related documents (the project value was approximately EUR 150k for the first lease and EUR 500k for the second lease).
PETERKA & PARTNERS recognized in Law Firm of the Year 2017 competition in Slovakia
18/08/2017 PETERKA & PARTNERS recognized in Law Firm of the Year 2017 competition in Slovakia
The Bratislava office of PETERKA & PARTNERS has been recognized in the domestic competition “Law Firm of the year 2017 in Slovakia” organized by the weekly publication Trend in partnership with EPRAVO.SK as a recommended law firm in the Development Projects and Real Estate practice area. For more details please click on this link.
PETERKA & PARTNERS advising Constellium with respect to lease of new production facility in Slovakia
18/08/2017 PETERKA & PARTNERS advising Constellium with respect to lease of new production facility in Slovakia
The PETERKA & PARTNERS Bratislava office is advising Constellium, a global producer of aluminium semi-products, in relation to the lease of a new production facility in Slovakia. The scope of services includes review of the future lease agreement, lease agreement and other related documents, as well as the establishment of a new local SPV.
Comprehensive advisory services to a construction and development group
18/08/2017 Comprehensive advisory services to a construction and development group
Comprehensive advisory services to a construction and development group, part of the global concern Skanska with its headquarters in Sweden, with respect to copyright of architectural work, including drafting contracts for work, licence agreements and other agreements connected with intellectual property in relation to Skanska real estate projects.
Long-term local as well as cross-border advisory services to Atlas Copco (CEE)
18/08/2017 Long-term local as well as cross-border advisory services to Atlas Copco (CEE)
Long-term local as well as cross-border advisory services and coordination of legal services in several jurisdictions, including the Czech Republic, Slovakia, Poland, Ukraine and Belarus. The comprehensive services cover various corporate, commercial, mergers and acquisitions, employment, competition, dispute resolution, real estate and insolvency issues.
Advising Mylan, a worldwide producer of generic drugs
18/08/2017 Advising Mylan, a worldwide producer of generic drugs
Advising Mylan, a worldwide producer of generic drugs, on the regulatory aspects of pharmaceutical product distribution and marketing.
Some Legal Aspects of Computer Crime (Cybercrime) in the Czech Republic
18/08/2017 Some Legal Aspects of Computer Crime (Cybercrime) in the Czech Republic
The Czech and Slovak branches of PETERKA & PARTNERS published two articles dealing with criminal aspects of cyber fraud under Czech and Slovak law.
Collective Dismissal in the European Union
11/08/2017 Collective Dismissal in the European Union
On 17 May 2017, the book Collective Dismissal in the European Union. A Comparative Analysis, edited by Roberto Cosio, et al., and published by Kluwer Law International was presented in Rome at the Supreme Court of Cassation. Pavol Kundrik, Leader of the Labour Law at PETERKA & PARTNERS, contributed to the book with a chapter titled “Collective Dismissal in Slovakia”.
Amendment to the Act on Collective Bargaining in Slovakia
11/08/2017 Amendment to the Act on Collective Bargaining in Slovakia
Amendment to the Act on Collective Bargaining in Slovakia – A new amendment to the Slovak Act on Collective Bargaining (effective from 1 September 2017) returns the possibility of extending a “representative” higher collective agreement to other employers (which were not party to such agreement) doing business in the same economic sector/industry. This means that the higher collective agreement will be applicable to such employers even without their consent.
The status of the implementation of the damages directive in the CEE countries
20/07/2017 The status of the implementation of the damages directive in the CEE countries
In the past years, the EU competition law enforcement has been subject to major reforms in order to increase the deterrent effect of EU competition rules. These reforms reinforced the participation of private actors in the enforcement of EU competition law, by way of strengthening private enforcement and introducing leniency programmes on the national level. The Court of Justice of the European Union has established that any citizen or business has a right to full compensation for the harm caused to them by an infringement of the EU competition rules. The right to compensation is an EU right, but its exercise is governed by national rules. These often make it costly and difficult to bring antitrust damages actions. That is why in 2013 the European Commission proposed a Directive 2014/104/EU on Antitrust Damages Actions to remove the main obstacles to effective compensation, and to guarantee minimum protection for citizens and businesses, everywhere in the EU. Member States needed to implement it in their legal systems by 27 December 2016. To date, most of the CEE countries, including the Czech Republic, Hungary, Poland, Romania and Slovakia have successfully implemented the Directive. PETERKA & PARTNERS actively monitors these developments in the CEE region and welcomes the opportunity to advise clients and bring competition claims before the national courts.
Reintroduction of withholding tax for dividend
20/07/2017 Reintroduction of withholding tax for dividend
Dividends paid to individuals from the profit reported for the periods starting as of 1 January 2017, will be subject to a withholding tax of 7% that can be reduced under double tax treaty.
Payment of dividends to a legal entity established in a country having double tax treaty with the Slovak Republic will further remain free from withholding tax.
Dividends related to the distribution of profit of different periods may have different tax treatments as respective rules have been changed several times over the past years.
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