Banks aren’t innovative enough and are losing touch with clients More than half of Czechs with a mortgage took it out somewhere other than their primary bank A quarter of clients wouldn't hesitate to share more personal information with a financial services provider in exchange for better customized services

Thirty teenage students from Brno elementary schools, including the International School of Brno, took part in an essay-writing competition "What does happiness mean to you?". The winning essays are attached below. Some quotes follow.

Law firm Dvořák Hager & Partners, with offices in the Czech Republic and Slovakia, is joining international law firm Eversheds Sutherland, one of the 40 largest global law firms. Eversheds Sutherland has more than 2,800 lawyers in 68 offices in 34 jurisdictions across Europe, the United States, Africa, Asia and the Middle East. "Dvořák Hager & Partners and Eversheds Sutherland have been working together for several years and this step is a natural outcome of our successful collaboration," commented managing partner of Dvořák Hager & Partners Stanislav Dvořák. "It is great for us, our colleagues and clients that we will become part of a global professional firm. This combination will bring advantages primarily to our clients who will now have access to top quality legal support in Central and Eastern Europe and in global markets.”

Plzeňský Prazdroj is this year’s winner of Deloitte‘s Green Frog Award for the best sustainability report in the Czech Republic. The winner was selected by an independent jury from among ten competitors. Seeking to award the best non-financial reports produced by Czech businesses, the competition has been held for the eighteenth year.

Recent Case Law

Success in the hotel business is governed by the RevPar rate: the amount of revenue the hotel generates per available room per month. To succeed, you need to fill as many of your rooms as possible at the maximum possible rate. The challenge is this: if you fill all of your rooms all of the time, the rooms begin to show signs of wear. And if you want to raise rates as much as possible, you have to have quality rooms with the latest technology and equipment. To keep the rooms fresh and modern, you have to refurbish them regularly. How do you maintain revenue and occupancy while still keeping your rooms and conference facilities above market standard?