Allen & Overy announced that it has been named "Czech Law Firm of the Year" at the 2020 European awards, which were presented virtually due to the Covid-19 lockdown. The IFLR (International Financial Law Review) awards recognise the most innovative deals, teams, firms and advisers in the industry.
In the last 12 months, the Allen & Overy team has had the opportunity to work on a number of groundbreaking, innovative transactions. The Allen & Overy team, in particular, has advised on the unique financing of the SAZKA Group, consisting of, among others, two international issues of high-yield bonds and a domestic issue of senior unsecured bonds. Other deals of note included: advising banks on the first loan facility based on euro short-term rate (€STR) in the Czech Republic, a unique offer of the exchange and issue of new bonds by CZECHOSLOVAK GROUP, and two issues of Tier 2 capital instruments by MONETA Money Bank under a base prospectus that was approved after the entry into force of the new Prospectus Regulation.
This is the fourth award the Prague team of Allen & Overy has received from the IFLR in the last seven years for its exceptional approach to legal innovation in the Czech Republic.
"I am extremely grateful for this award, which we have won for the second year in a row. At this difficult time, the award comes as a welcome encouragement and a harbinger of better times. I would like to thank especially my colleagues for their everyday enthusiasm and hard work", Petr Vybíral, head of Allen & Overy's finance practice in Prague, said about the award.
The market-leading position of Allen & Overy's Prague office is also confirmed by the recently released rankings of the Chambers and The Legal 500 directories, in which Allen & Overy has constantly been at the forefront of most categories.