News

3.1.2020January
2020

BBH introduces a new Partner

The leading Czech law firm BBH, advokátní kancelář, s.r.o. is proud to announce that as of 1st January 2020 Mr. Zdeněk Husták has become a Partner in our law firm.

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„We are very glad that our long-time colleague and generally recognized expert in the area of capital markets, financial law and regulation, Zdeněk Husták, expanded number of Partners in our law firm. Zdeněk is highly demanded by clients as an authority in the field of regulation, which is currently the most dynamic field of law and legal practice in general. Also, the fact that Zdeněk has now become a Partner further accentuate continuous growth of our firm.“ says Vladimír Uhde, Managing Partner.

 

Zdeněk Husták has over 20 years of professional expertise capital and financial markets, financial regulation, banking and finance and insurance law. He has advised number of clients on broad scope of issues ranging from new products and services, financial market transactions, corporate governance and compliance to licensing and sanction proceedings.

 

Zdeněk has served a number of years as a member of advisory bodies to the European Securities and Market Authority (ESMA) and the European Insurance and Occupational Pension Authority (EIOPA), furthermore Zdeněk was a member of the presidium of the Czech Securities Commission and an advisor to the Czech Ministry of Finance. Zdeněk presided the working group of the EU Council for the Rating Agencies Regulation and the Alternative Investment Fund Managers Directive (AIFMD) as well as was in charge of drafting the pension reform legislation in the Czech Republic. Currently, he is a member of the Appellate committee of the Czech National Bank and the chairman of the Ethical board of the Czech Capital Markets Association. Zdeněk is an author of number legal publications and lectures on financial and capital markets law at several Czech universities.

 

Zdeněk graduated at the Law Faculty of Masaryk University in Brno where he also received Ph.D. degree. Further, he received master degree in finance from the Faculty of Economics and Administration in Brno. He speaks Czech, English, German and Russian.


27.11.2019November
2019

BBH ADVISED THE CREATORS OF THE WORLD-FAMOUS GAME BEAT SABER WITH THE SALE OF THEIR CZECH COMPANY TO FACEBOOK

BBH advised the owners of Beat Games s.r.o. and the creators of one of the most popular virtual-reality games Beat Saber with the sale of their company to Facebook Technologies, LLC, a subsidiary of Facebook Inc. The transaction enabled the creators to join Facebook’s Oculus gaming studio and to launch close collaboration with the Facebook team. Considering the tight schedule and high volume of this transaction, it belongs to one of the most leading IT deals in the Czech and CEE market this year.

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Partner Tomáš Sedláček commented on the transaction: “This transaction is one-of-a-kind in the area of IT and has significantly stood out from the rest in the market. We are truly honoured to have advised a group of talented innovators on this important sale of their company to the American giant and we wish them successful collaboration with the Facebook team.”

 

The BBH team assisting Beat Games owners in this achievement was led by Partner Tomáš Sedláček, Associate Kristýna Domokošová, Junior Associate Martin Procházka with the support of other BBH lawyers.

 

External links:

https://www.cnbc.com/2019/11/26/facebook-buys-beat-saber-vr-game-maker-beat-games.html

https://www.bnnbloomberg.ca/facebook-acquires-studio-behind-popular-vr-game-beat-saber-1.1353917

https://www.oculus.com/blog/welcoming-beat-games-to-facebook/

https://www.cnet.com/news/facebooks-oculus-acquires-beat-games/

https://www.polygon.com/2019/11/26/20984478/facebook-acquires-beat-saber-beat-games-vr-modding


13.9.2019September
2019

INVITATION FOR A BREAKFAST SEMINAR ABOUT DIGITAL ASSETS AND FINANCIAL SERVICES

Mr. Tomáš Sedláček, partner, Mr. Zdeněk Husták, Head of Regulation & Compliance and Adam Nečas, senior lawyer will be presenting a lecture on seminar which is organized by BBH on 22 October 2019 from 8.45 to 10.00 in BBH, advokátní kancelář s.r.o.

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Due to organisational reasons, please confirm your participation in the seminar by email to kkusa@bbh.cz until 18 October 2019. The capacity is limited.

In case of any questions, please do not hesitate to contact Kateřina Kusá, kkusa@bbh.cz, tel.: +420 234 091 355.


11.9.2019September
2019

BBH ranks among the very best law firms in the 2019 IFLR 1000

BBH is pleased to announce that we have been ranked among the leading law firms on the Czech market in the 2019 edition of the IFLR 1000 International Ranking Guide. The following areas of our practice have been awarded the Status of Band 2: Capital Markets, Banking and Finance, M&A and Restructuring/Insolvency. BBH lawyers were also highly regarded in their individual IFLR assessments, especially Vladimír Uhde, Robert Klenka, Petr Přecechtěl, Jiří Němec and Zdeněk Husták, who were rated among the ‚Highly Regarded’ lawyers for their work. Andrea Adamcová was recognized as a ‘Rising Star’, and extraordinary success was achieved by Tomáš Sedláček in being designated a ‘Market leader’.

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Please see the following link for more information:


https://www.iflr1000.com/Jurisdiction/Czech-Republic/Rankings/184#rankings


30.5.2019May
2019

BBH advised the leading fund distribution firm Moventum in becoming the first investment firm authorized under the MiFID II regime in the Czech Republic

BBH advised Moventum a.s., a member of a major Luxembourg based fund distribution group, in its investment firm authorization application. This case represents the first such investment firm licence being granted under the highly demanding regime established under MiFID II directive in the Czech Republic. This licence enables the Moventum group to further develop its activities and provide its full range of services in the Czech Republic.

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Prague-based Regulatory and Banking & Finance BBH Partner Tomáš Sedláček said: “We are proud to have advised a member of this leading European fund distribution group throughout the authorization process to bring it to a successful completion. We assisted our client in the course of rigorous prerequisite reviews and demanding compliance checks and demonstrated our abilities in achieving compliance with the highest level regulatory standards under MiFID II.

 

The BBH regulatory team assisting Moventum in this achievement was led by Partner Tomáš Sedláček with Zdeněk Husták, Head of Regulation & Compliance, Jan Kadrnožka and Martin Procházka and the support of other BBH lawyers.


26.4.2019April
2019

BBH AWARDED IN LEGAL 500

We are pleased to announce that BBH has once again been ranked among the top law firms on the Czech market by the Legal 500 international review. BBH has solidified its position in the highest Band 1 ranking in the Dispute Resolution category, and was also distinguished in all of our other key practice areas: Banking, Finance & Capital Markets (Band 2), Commercial, Corporate and M&A (Band 2) and TMT (Band 3). Our partners František Honsa and Tomáš Politzer were also recognized as leading practitioners.

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We thank all of our clients for their trust and proudly acknowledge the extraordinary work of our whole team, thanks to whom we belong among the top law firms in the region. We greatly appreciate the recognition!


12.3.2019March
2019

BBH awarded in Chambers and Partners Global and Europe 2019

We are pleased to announce that BBH has been recognized again as the Top Ranked Law Firm in the international Chambers and Partners Global and Europe 2019! The BBH Legal Dispute Resolution Team was re-launched in Band 1, and all other major BBH, Banking & Finance, Capital Markets, Corporate M&A and Restructuring and Insolvency were also awarded in their categories. We are also pleased that the partners of BBH František Honsa, Vladimír Uhde, Robert Klenka, Petr Přecechtěl and Tomáš Sedláček have been recognized as leaders in their respective fields within individual categories.

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14.2.2019February
2019

BBH ADVISED SVUS PHARMA ON THE SALE OF FARMAX TO NEURAXPHARM GROUP

We are happy to announce that BBH advised the sellers in the Unique transaction consisting of corporate spin-off and sale of Farmax business by SVUS Pharma to Neuraxpharm. The team was led by partner Tomáš Sedláček, assisted by senior associate Alice Nytrová and associate Ondřej Staněk. The deal was very complex, involved negotiation of the SPA and related contractual documentation, organization and execution of the Farmax business spin off from the rest of SVUS Pharma business and associated regulatory relicensing of Products and distribution authorizations and last but not least execution of the complex completion process.

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We are very excited that we assisted the sellers in this complex transaction which lasted over a year throughout which we had to give effect to all sorts of corporate and regulatory changes. The work only underlines our prime experience, practice and knowhow in the niche area of pharma business and related legal matters,” says partner Tomáš Sedláček referring to BBH’s other pharma, medical and health industry clients.


29.1.2019January
2019

BBH in shortlisting at The Lawyer European Award 2019

We are pleased to announce that BBH, was nominated by prestigious rating agency The Lawyer to shortlisting at The Lawyer European Awards 2019. The final announcement of the winner will then take place in March of this year.

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10.12.2018November
2018

BBH shares its extensive insolvency and restructuring experience in the prestigious publication of the Chambers of Insolvency Guide 2019

Our insolvency team has prepared a detailed insight into insolvency and restructuring  in the Czech Republic. This report was taken by the prestigious Chambers & Partners to create a separate chapter in the forthcoming handbook for the coming year - Chambers Insolvency Guide 2019.

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You can read the chapter already published on the web site here:

 

https://practiceguides.chambersandpartners.com/practice-guides/insolvency-2019/czech-republic