Weinhold Legal provided Czech and Slovak legal services to Henry Schein (NASDAQ: HSIC), the world's largest provider of health care solutions for office-based dental and medical professionals, in relation to the spin-off of its animal health business. Following the spin-off, Covetrus (NASDAQ:CVET) was launched as a newly formed company arising from the combination of two businesses – Henry Schein Animal Health and Vets First Choice. The merger was completed on 7 February, 2019.   Henry Schein informed that as part of the spin-off, it received approximately $1.1 billion in what is expected to be tax-free proceeds. Following the spin-off of Animal Health, Henry Schein will have more than 18,000 Team Schein Members in 31 countries, serving more than 1 million customers. Covetrus is headquartered in Portland, Maine, with more than 5,000 employees, serving over 100,000 customers around the globe.   Weinhold Legal´s services included a corporate Demerger in Czechia, multiple share transfers in Czechia and Slovakia and various corporate law, labor law, contractual and regulatory matters. The Weinhold Legal team was led by partner Daniel Weinhold in cooperation with managing attorney-at-law Václav Štraser.   (For further information on the transaction here: HenrySchein, Covetrus, ČTK and PRNewswire.)  

In our Czech practice, we rather frequently encounter cases in which employers mistake one ground for termination "unsatisfactory work results" for another "violation of work-related duties".

There's a growing acceptance that the Brexit saga may go to the wire, but when push comes to shove, we suspect British MPs will be more inclined to support an Article 50 extension than PM May's deal. The problem is nobody knows for sure how long a delay might last - and will it just tee-up a new cliff edge in a few months time?

The law firm Taylor Wessing has been ranked among the “TOP 5 preferred employers” for law students enrolled in Czech universities. This according to the TOP employers (TOP zaměstnavatelé) study, carried out by the Association of Students and Graduates (ASA) and realised in cooperation with the research agency GFK, universities, student organisations and corporate partners. Taking part in the online survey from October to December 2018 were 11 577 students.

Investors believe that a recession is increasingly imminent. According to BCG’s tenth annual investor survey, conducted in October 2018, their 12-month outlook is considerably more negative than it was just a year ago. And many investors said that they are responding to the looming economic downturn by taking a more defensive, value-oriented approach to their investment decisions. To stand out from the pack and allay investors’ concerns, companies must take the right steps to prepare for and ultimately withstand significant economic headwinds without sacrificing long-term value creation.

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