At the Czech Venture Capital Awards 2022, we were delighted to receive the Impact Deal of the Year award for the Deafcom transaction (Tilia Impact Ventures). Deafcom addresses the problem of over 7,5 million deaf people who cannot get around without a sign language interpreter, as Deafcom is behind the development of software to provide online interpretation and transcription of the spoken word. The service is also available in Poland, Croatia and Slovakia, in addition to the Czech Republic, where it is used, for example, by Česká spořitelna, Raiffeisenbank and the municipal authorities in Prague.   Michal Przeczek, a member of the transaction team, accepted the award on behalf of Weinhold Legal.   Further information here: cvca.cz and  newstream.cz.

Clifford Chance has advised Atrium European Real Estate in relation to a divestment of Optima, shopping centre located in Košice, Slovakia. The property was acquired by a joint venture of two Slovak shopping centre investors for EUR 118 million. This transaction marks both the largest investment transaction and the largest financing in Slovakia so far this year.

Weinhold Legal advised Amundi Czech Republic on the sale of its former headquarters located in the historic centre of Prague, at 34 Dlouhá Street, Prague 1.   The Weinhold Legal led by  Martin Lukáš, in cooperation with Václav Štraser and Petra Karabut.  

While the majority of organizations that use artificial intelligence (AI) are still experimenting with the technology, only 12% are using it at an AI maturity level that achieves a strong competitive advantage, according to new global research from Accenture (NYSE: ACN).

Weinhold Legal provided comprehensive legal advice in connection with the merger of two major independent agricultural cooperatives, namely the Czech VIAMILK CZ cooperative and the Moravian Morava, a dairy marketing cooperative, with several hundred members, mostly other legal entities. The successor cooperative now operates under the business name MLÉKO.CZ družstvo (www.viamilkcz.cz) and controls one fifth of the Czech milk market.   The successor cooperative now has 322 members (177 from Viamilk and 145 from Moravia), 280 of whom are milk producers and 42 beef and veal producers. Total daily milk production is 1,7 million litres.   This was one of the largest mergers of independent cooperatives on the Czech market, which was also assessed and approved by the Office for the Protection of Competition.   Team was led by partner Martin Lukáš, in cooperation with Anna Bartůňková and Jaroslav Denemark.   Further information here: idnes.cz

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