The Legal 500 recommends act legal Czech Republic and its lawyers

The prestigious rating agency, The Legal 500, once again recommends act legal Czech Republic (act Řanda Havel Legal) and its lawyers.

The Legal 500 Europe, Middle East & Africa, an independent guide which evaluates law firms and individuals all around the world, recently published their 2021 rankings. act Řanda Havel Legal is once again among the ranked law offices in five of monitored areas. Seven of our lawyers are recommended as specialists in these specific areas of law.

The most important for us is the positive evaluation of our clients who appreciate (among others) our professionalism, extensive knowledge and pro-client approach.

act Řanda Havel Legal is recommended in these areas:

– Corporate and M&A
– Projects & Energy
– Dispute resolution
– Real estate and construction

The recommended specialists are:

– Martin Řanda (Dispute resolution, Real Estate and Construction, TMT, Corporate and M&A)
– Jan Havel (Dispute resolution, Projects and Energy, Real Estate and Construction)
– Tomáš Rydvan (TMT, Dispute resolution)
– Alois Šatava (Corporate and M&A, Projects and Energy)
– Matyáš Kužela (TMT)
– Tomáš Slabý (Real Estate and Construction)
– Ladislav Peterka (Dispute resolution)

act legal Czech Republic succeeded in Chambers Europe 2021

Chambers & Partners, the prestigious rating agency that maps out the quality of legal services in Europe, named act legal Czech Republic (act Řanda Havel Legal) as a “Recommended firm” in the Dispute Resolution and Employment categories in its 2020 ratings.

We are pleased to be awarded by the renowned Chambers & Partners agency. Receiving this prestigious recommendation is an important award for our law firm and emphasises the quality and professionalism of our work – especially the deserved respect and strong reputation of our legal team,” said Martin Řanda, Managing Partner, about the success of act Řanda Havel Legal. He adds, “Huge thanks to all our colleagues, as well as to all our clients, without whose confidence we wouldn’t have won this award.”

act legal Czech Republic is the best law firm in the area of labour law

act legal Czech Republic (ŘANDA HAVEL LEGAL) won the Labour Law category in EPRAVO.CZ’s prestigious “Law Firm of the Year“ ratings, adding another victory on top of the previous year’s wins in the Telecommunications and Media and Energy and Energy Projects categories. In addition, ŘANDA HAVEL LEGAL placed highly in the other fourteen categories.

Mgr. Tomáš Slabý, the head of ŘANDA HAVEL LEGAL’s Labour Law team, considers this award a great success: “We highly appreciate this award, which primarily reflects the satisfaction and trust of our clients. We also understand it as an appreciation of our Labour Law team’s performance in connection with the issues caused by the Covid-19 pandemic and the provision of related advice, especially in the areas of compensation and restructuring of our clients’ workforce.” He adds, “Huge thanks to all our colleagues, as well as to all our clients, without whose confidence we wouldn’t have won this award.” 

In competition with almost 80 Czech and international offices, ŘANDA HAVEL LEGAL was “highly recommended” in the categories of Energy and Energy Projects, Restructuring and Insolvency, Real Estate Projects, Telecommunications and Medias, Intellectual Property and Compliance. It is “recommended” in the categories of M&A, Information Technology Law, Banking and Finance, Public Procurement, Corporate Law, Competition Law and Dispute resolution. In addition to the above, ŘANDA HAVEL LEGAL was highly recommended in the special category of Czech Companies in the International Markets. 

This result puts us among the best law firms in the Czech Republic.

Germany Assesses Vulnerability to Financial Crime, Labels 3 EU Nations: High Risk

Germany is scheduled for evaluation by the Financial Action Task Force, or FATF, in Autumn 2020, prior to which the country must officially gauge its exposure to money launderers, terrorist financiers, corrupt officials and their professional facilitators.

Germany’s Finance Ministry fulfilled that obligation Monday by publishing a national risk assessment that acknowledges several of the country’s well-known shortcomings, such as its general failure to govern real estate for anti-money laundering purposes and fully address the threat of cross-border illicit finance that comes with its status as the EU’s export champion.

On ACAMS I, Dr. Thomas Altenbach (act legal Germany), former Compliance Director of Deutsche Bank, gives a critical assessment of the recently published national risk assessment. Read more about what he sees as further risks and why an action plan is so important for the future.

We are pleased to present the latest BNP Paribas Real Estate “What’s up CEE?” report prepared in cooperation with act legal

The report provides a wide range of crucial information and figures on the real estate sectors in key regional markets: Poland, Czech Republic, Hungary and Romania.

Over the last five years the real estate market in the region has grown exponentially and consolidated its positive perception among investors. Local economies growing at a fast pace, profound infrastructure improvements, unemployment reaching historical lows, a high inflow of FDIs, a steady growth of wages and purchasing power; all these factors form a solid pocket which supports bright prospects.

act legal Czech Republic awarded Law Firm of the Year!

act legal Czech Republic (ŘANDA HAVEL LEGAL) won the Telecommunications & Media category in EPRAVO.CZ’s prestigious “Law Firm of the Year“ ratings, adding another victory on top of last year’s win in the Energy and Energy Projects category. In addition, ŘANDA HAVEL LEGAL placed highly in the thirteen other categories.

Mgr. Martin Řanda, LL.M., the head of ŘANDA HAVEL LEGAL’s Telecommunications & Media team, considers this award a great success: “Our law firm has dealt with legal issues in the field of media since its foundation and in recent years has gained mandates also in the area of telecommunications. Both of these areas go through significant dynamic development and the involved companies have to react to rapidly growing competition with technological innovation and new business models. Legislation is, unfortunately, always one step behind. This is why working in these areas represents not only a challenge for us, but is also extremely interesting and creative in terms of seeking innovative legal procedures. We are proud to be able to solve these problems and provide our clients with the most secure and effective solutions. Great thanks to all our colleagues, as well as to all our clients, without whose confidence we wouldn‘t have won this award.

In competition with almost 80 Czech and international offices, ŘANDA HAVEL LEGAL was “highly recommended” in the categories of Energy and Energy Projects, Restructuring and Insolvency and Competition Law and was “recommended” in the categories of M&A, Development and Real Estate Projects, Information Technology Law, Banking and Finance, Intellectual Property, Public Procurement, Corporate Law and Labour Law. In addition to the above, ŘANDA HAVEL LEGAL was recommended in the special category of Czech Companies on International Markets. This result puts us among the best law firms in the Czech Republic.

The annual awards are decided by an independent group of 250 evaluators from the ranks of companies and institutions, as well as by EPRAVO.CZ, an independent entity that monitors and follows lawyers in the Czech Republic.

New Financial Investments Mediation Ordinance

New Financial Investment Brokerage Ordinance tightens rules for independent brokers” – Independent brokers, brokers and their customers must prepare for extensive changes –

There were two major regulatory developments this year for participants in the German financial sales organisation:

On the one hand, the legislator has enacted the new Financial Investments Mediation Ordinance (FinVermV). The FinVermV transfers the rules that apply to BaFin-regulated brokers to the exceptional area of financial investment brokers in accordance with the Gewerbeordnung (GewO – German Commercial Code). Their rules are somewhat less strict than the rules for banks and asset managers who require a permit under the German Banking Act (KWG). The FinVermV was passed on 20 September 2019 and will enter into force on 1 August 2020 after a ten-month transitional period. It would be fatal, however, to postpone this issue for a long time. There is an urgent need for action, as some changes may take a long time. Among other things, the FinVermV stipulates that smaller brokers should also record and archive telephone conversations with customers in the future in order to be able to work in a legally secure manner.

Secondly, the Federal Ministry of Finance published a key issues paper shortly before the FinVermV. It confirmed the grand coalition’s plan to bring all financial intermediaries operating in accordance with the German Commercial Code under the control of the Financial Supervisory Authority BaFin and not, as before, under the control of the Chambers of Industry and Commerce. BaFin is to take over supervision from the beginning of 2021. For insurance intermediaries, the IHKs will remain responsible.

Due to our experience in implementing MiFID II, FinVermV no longer contains any surprises for us. We recommend that you check the current status of your internal compliance processes. We will then be happy to discuss the results of your audit with you or come by for a personal meeting in order to point out any mandatory adjustment requirements and possible improvements.

In addition, we advise you to regulate the retention periods in connection with telephone recordings separately with your customers, since the legally stipulated retention period of five years could not cover a possible limitation period for judicial claims and you therefore have no evidence of the consultation held at hand in the event of a judicial dispute. We would also be pleased to advise you in this context.

act legal at pma focus 2019 in Vienna

The pma focus is the largest project management congress in Austria, which takes place every year.  It took place on 30 October at the Austria Center Vienna under the title “PM UNDER CONSTRUCTION – Project Management in Transition“.

Two of act legal’s lawyers, Dr. Thomas Block, MBA (Germany) and Dr. Martin Wiedenbauer (Austria) attended the congress, lecturing about “Wenn der Roboter entscheidet – Wer achtet auf die Regeln im Projektmanagement?” / “When the robot decides – Who pays attention to the rules in project management?“. 

For more details see the congress’s website.

act legal Poland assists Adventum in purchase of Renaissance

Adventum International, a global property investment fund, has acquired Renaissance Plaza. The office building is located right next to Wola – the fastest-growing quarter of Warsaw. This is the fund’s second investment in Poland within just four months, following the June purchase of Poznań Financial Centre. 

Renaissance Plaza is a 7-storey B+ class building with a total area of 10,000 sqm, located in the Wola district of Warsaw, close to Rondo Daszyńskiego, the city’s most rapidly growing section. The building is fully occupied by Orange Polska S.A. It was extended in 1998 and underwent substantial renovation in 2016.

Adventum QUARTUM, a Maltese investment fund, acquired the building from REInvest Asset Management.

Under the Adventum QUARTUM fund we intend to utilise a further EUR 150 million in the forthcoming months for office and retail properties with special focus on Poland. We are glad to have undertaken our second such transaction with REInvest Asset Management,” says Andras Marton, Director at Adventum International.

act legal Poland (BSWW) was advising its client throughout the process of acquisition of Renaissance Plaza. The scope of services included a due diligence review of the property, preparation of transaction documents, as well as support in negotiations and transaction advisory.

The project team was led by Marek Wojnar (Managing Partner) and Marta Kosiedowska (Partner). They were supported by Michał Sołtyszewski (Partner).

It is the second out of several transactions on which we have advised Adventum International,” says Marta Kosiedowska.

We are pleased to have won the client’s trust and to take part in building our Client’s investment portfolio in Poland,” adds Marek Wojnar.

Deloitte supported the purchaser within the scope of financial advisory. The seller was supported by MFC Real Estate and CMS Cameron McKenna.

Germany meets Spain

act legal Germany’s associate Dr. Nina Honstetter is currently spending a month in act legal Spain’s office in Madrid. She is excited: “I’m doing great here in Madrid! I have great colleagues, it’s really interesting to see the daily work at act legal Spain and the city itself contributes its rest to the fact that I feel very comfortable.”

The act legal lawyers exchange program offers the opportunity to learn firsthand about domestic and international practice in a country and culture different from your own. In addition to opening up a lawyer’s cosmopolitanism and horizons, one of the main objectives is to strengthen the ties between act legal law firms and its associates by getting to know each other better both from a professional and a private point of view.