In August 2016, INVICTA together with its client, an eminent Czech developer, started negotiations with respect on purchase of development project in the city center of Prague 1. After more than a year and half, we are very pleased to announce that this demanding transaction worth more than EUR 4 million was successfully finished and our client is now the owner of company entitled to build a significant residential project. Legal advice in this matter involved not only drafting of the acquisition documentations but also complex legal services concerning dealing with the competent public authorities and all other parties to administrative proceedings.
The INVICTA team has provided legal advisory to a real estate company regarding the entry of financial investor and creation of joint venture cooperation. Value of the transaction exceeds CZK 1 billion. Undoubtedly a landmark transaction for the client and for our team too.
INVICTA provided legal services to a leading apartment developer regarding acquisition of building land plots with acreage of more than 4,300 m2 in Prague´s Kamýk. Services primarily comprised legal due diligence and review of complex contractual documentation.
In January 2018 we have provided a prominent Czech investor with a broad legal advice on his investment of CZK 50,000,000 to acquisition of commercial real estate by a real estate fund. A revision of wide transactional documentation was done before closing together with drafting a loan agreement and several contracts for securing investor´s receivables.
Within only a few days we have drafted a contractual documentation for refinancing of our client´s financial obligations towards a bank institution with funds provided by a new investor with more favorable loan conditions. We have also drafted more than a dozen of contracts on establishment of sub-pledge.
For the third year in a row, INVICTA law office team successfully represents holders of unsettled restitution claims pursuant to the Land Act. From the total number of 24 law suits, one third is already decided in favour of the restitution claim holders. INVICTA helps to redress the injustice by acquiring substitute land plots and correct appraisal of restitution claims which the State Land Office has refused to accept for years.
The INVICTA team provided legal services to one of its clients, who provides comprehensive tourism services, regarding the acquisition of travel agency and airline tickets seller.
With a great pleasure we announce that Matěj Kučera has joined us as a junior associate.
The INVICTA team has provided legal advisory to an investor regarding the acquisition of shares in a Czech entity, that will, as a financing partner, participate on a development of two major development areas in Prague on a land comprising total area of 400 000 square meters.
INVICTA in cooperation with Stavební fórum holds a seminar Real Estate Law in outline on November 9, 2017 starting at 11 a.m. More information here.