Advice on the acquisition of commercial property in the centre of Prague

ŠZ Law Office managed the procedure involved in the sale of commercial/residential property in Prague secured in favour of savings cooperative WPB Capital. As part of proceedings against WPB Capital, the management of one of the loans was transferred to the Czech Republic (Office for Government Representation in Property Affairs - Úřad pro zastupování státu ve věcech majetkových). As part of the sale, it was necessary to free up the security interest established in the property and to coordinate negotiations with the creditors so that the transferred property was free of all encumbrances. Attorney Vladislava Kučerová provided the legal services.