What's new at the law firm

Advice on spin-off and bank financing

ŠZ Law Office represented a client in the acquisition of commercial property in Prague 1 from a leasing company using bank financing and in the subsequent spin-off of the part of the joint stock company (akciová společnost) incorporating that property as a newly-established limited liability company (společnost s ručením omezeným). The services provided included the legal structuring of the transaction, preparation of associated documentation, and dealings with banks. The transaction was handled by attorney Vladislava Kučerová.

Sale of 100% stake in the company B M H spol. s r.o.

SZ law firm represented the company´s owners in connection with the sale of 100% stake in B M H spol. s r.o. The buyer was CENTRAL EUROPE INDUSTRY PARTNERS investment fund.

B M H spol. s r.o. is a construction company from Olomouc, which specializes in remediation of sewer lines and water mains. The company is one of the technology leaders in the Czech Republic and is a pioneer of innovative methods and processes. Company’s sales exceed 100 mil. CZK.

CENTRAL EUROPE INDUSTRY PARTNERS is one of the most active investors investing in industrial companies in the Czech Republic.

The team of SZ lawyers was led by Jan Zrzavecky.

Conversion of food producer and distributor

ŠZ provided comprehensive legal services in the transformation of a leading domestic food producer and distributor that supplies its products to most domestic and many foreign chains. Our services included the preparation of all legal documentation related to the transformation as well as the coordination of related advisory services, especially expert and accounting.

Markéta Tesárková and Jan Zrzavecký were primarily involved in the transaction.

Advising 11teamsports on the purchase of a 51% stake in Top4Sport

ŠZ represented 11teamsports in the acquisition of a 51% stake in Top4Sport.

The company eleven teamsports GmbH, based in Germany, is Europe's largest football e-shop. The company has 1.5 million customers and also operates twenty brick and mortar stores in Germany, Austria and Switzerland. This year, 11teamsports became an official partner of the German Football Association. Top4Sport is one of the market leaders in the field of online sports shop in the Czech Republic. The company owns the online stores Top4Football, Top4Running, Top4Fitness and Top4Street. In addition to the Czech Republic, the company operates in Slovakia, Hungary and Romania.

Our legal services included comprehensive legal advice to the buyer in the preparation and negotiation of transaction documentation. The team was led by partner Jan Zrzavecký in cooperation with attorney Petra Jestříbková.

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.  

Introduction of the eNeschopenek system

An amendment to the Act on Sickness Insurance will become effective on 1.1.2020 and will introduce a new system of electronic sick notes called eNeschopenek.

The attending doctor will have the opportunity to issue sick notes either using his/her medical software or from a free web application at the Czech Social Security Administration’s ePortál. Doctors will send a report of temporary incapacity to work (“DPN”) to the competent District Social Security Administration (“OSSZ”) electronically.

The time limit in which doctors must fulfil the obligation to send such reports to OSSZ will also be shortened. Instead of the current three work days, doctors will have to send reports not later than on the work day which follows the day on which the situation that establishes this obligation happens.

Policyholders will still be presented with an employee “incapacity to work card” by the doctor, and this will be used by the policyholder as proof in the case of continuing DPN or in a check of the duration of DPN, in that the end of DPN will also be marked in this in the future.

A policyholder who is temporarily incapable of work will no longer be duty-bound to present his/her employer with a decision on the establishment of DPN, but will still have to inform the employer of his/her temporary incapacity to work (of the obstacle to work) without delay.

There will also be welcome simplification of administration for employers. Employers will no longer have to present OSSZ with any parts of the printed decision on DPN, as has been the case until now, meaning that they will not even receive applications from employees for sickness benefit. Employers will, however, still be duty-bound to receive the supporting documents required to determine entitlement to sickness benefit and its payment and to transfer these to OSSZ together with the data required to calculate sickness benefit. However, the Act on Sickness Insurance now stipulates that the the employer will send supporting documents for the calculation of sickness benefit and data about the method of paying wages, salary, or remuneration (now including the account number into which the employer pays the money to the employee) to OSSZ in electronic format without delay after the first 14 days of DPN have passed.

Employers even now have access (after signing into the ČSSZ ePortál) to the option of checking whether the Czech Social Security Administration has on record any new incapacity to work in relation to a specific employee, including the day from which the employee is recognised as being temporarily incapable of work and the day on which DPN ended for him/her.

In the case of ending DPN, the procedure of the doctor will be the same as when DPN is established. The doctor will send the report on the end of temporary incapacity to work to OSSZ electronically. Moreover, he/she will mark the end of DPN in the policyholder’s incapacity to work card.

The existing legal regulation will apply, until the end of DPN, to sick notes issued to 31.12.2019.