Press Releases

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Weinhold Legal advises ITAKA group on acquisition of the oldest Czech travel agency ČEDOK

10.08.2016

Weinhold Legal provided comprehensive legal advice to the Polish group ITAKA, the biggest travel agency active on the Polish market, in respect of the acquisition of the oldest and the most famous Czech travel agency ČEDOK. ČEDOK has been on the market continuously since 1920.

Our complex legal services in relation to the acquisition of ČEDOK included among others advice on transactional structure, legal due diligence and negotiating contractual documentation governed by Czech law.

The Weinhold Legal team was led by partner Ondřej Havránek, in cooperation with managing attorney-at-law Ondřej Havlíček and others. Ondřej Havránek commented on the transaction: "We are very pleased to have assisted in the transaction involving one of the famous Czech travel agencies. The structuring of the transaction to ensure the further development of the travel agency was a valuable experience for us."

WEINHOLD LEGAL ASSISTED IN AN EURO BILLION TRANSACTION INVOLVING ELIT AND AUTO KELLY

06.01.2016

Weinhold Legal provided legal services to LKQ Corporation - a leading US distributor of auto parts and accessories - in connection with the acquisition of Rhiag-Inter Auto Parts group from the private equity group Apax Partners. Rhiag-Inter Auto Parts group includes the leading distributors of auto parts in the Czech Republic and Slovakia - ELIT Group and Auto Kelly.

The announced deal value was 1.04 billion euros. Weinhold Legal´s team led by Daniel Weinhold and Dušan Kmoch provided legal services that included Czech and Slovak legal aspects of the transaction, including extensive legal due diligence. K&L Gates advised LKQ Corp. on other aspects of the transaction.

Communiqué of Weinhold Legal and Milan Polák regarding information published in the media about arbitration proceedings between Škoda Transportation and České dráhy

20.11.2015

In the last few weeks the law firm Weinhold Legal (WL) was mentioned in the media several times in connection with the arbitration proceedings between Škoda Transportation (ŠT) and České dráhy (ČD). One of the independent arbitrators of the Arbitration Court attached to the Czech Chamber of Commerce and the Agricultural Chamber of the Czech Republic who was in charge of this case between ŠT and ČD was Milan Polák. He is at the same time an advocate and WL partner.

WL was not involved in this arbitration proceeding at all and therefore any comment about WL in media in connection therewith is absolutely inappropriate. Milan Polák´s role as the arbitrator is not a part of his advocacy practice and has no relation either to his work as a WL advocate or to any WL activity. Furthermore, as an arbitrator Milan Polák is bound by a strict confidentiality duty. Thus, neither Milan Polák nor WL can make any comment to the respective arbitration proceeding and cannot refute speculative allegations of some journalists.

However, both WL and Milan Polák highly appreciate the fact that one of the parties of the dispute (ČD) published the arbitration award on its webpages. Thank to this the public can make its own independent opinion on the substance of the dispute and legal arguments that led the arbitrators to their decision. With respect to some unsubstantiated theories published in various media Milan Polák stresses that:
• The case was judged and decided based on the legal arguments exclusively,
• Selection of two out of three arbitrators was made directly and indirectly by ČD as the
respondent (the arbitrator appointed by ČD nominated a chairman of the arbitration senate and
Milan Polák as the arbitrator appointed by ŠT fully accepted this nomination),
• As a standard practice the arbitration award was prepared by the chairman of the arbitration
senate and subsequently was accepted by Milan Polák,
• Despite of the fact that the arbitrator appointed by ČD did not sign the arbitration award, he did
not make any dissenting opinion,
• Bias objection against Milan Polák was made only after several years of proceedings when, on 24th of August 2015, all evidence had been submitted and all hearings finished, the draft of the arbitration award was prepared and the last step in the proceedings was taken. The objection of bias was considered by the whole Board of the Arbitration Court and unanimously found completely unsubstantiated. Also the state court rejected a motion for preliminary ruling filed in connection therewith.

While making their decision the arbitrators had to respect the legislation in force, the wording of respective contracts and individual legal acts taken – or omitted - by the parties in dispute in the past.
The fact that the arbitrators decided purely on the bases of law is supported by the fact that according
to the recent information published in press (MfD 19.11.2015) a year ago a proposal for an out of court settlement was considered and ČD ordered a legal opinion on this proposal from its legal advisors representing it in the arbitration proceedings and from two other lawyers. Two out of three
legal opinions recommended not to proceed further in the arbitration.

ATTORNEY’S OFFICE OF WEINHOLD LEGAL JOINS GLOBAL ORGANIZATION EY

02.09.2015

Leading advisory firm EY is expanding its portfolio of services to include legal advisory. Weinhold Legal and EY have integrated effective as of 1st September, 2015.

“With a team of more than 40 legal professionals now available to our clients, we believe the unique integration of EY’s advisory practice with the legal expertise of Weinhold Legal will mean we can continue enhancing the quality of our services. We intend to make full use of the potential our collaboration holds and provide clients with services unparalleled in their scope and expertise,” says Magdalena Soucek, EY Managing Partner for the Czech Republic and Central and Southeast Europe.

“EY is a global organization with more than 190,000 professionals operating in 155 countries providing legal services in 65 jurisdictions. Joining with such an unprecedented professional workforce will give our clients tremendous international reach and access to a deep pool of multidisciplinary knowledge and experience. We look forward to further developing the unique multidisciplinary solutions that we’ve helped pioneer in more than twenty years of successful engagement in the Czech Republic,” says Weinhold Legal Managing Partner Daniel Weinhold.

The business names of Weinhold Legal and all EY Group companies in the Czech Republic will remain the same, as will their contact and banking information.

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